Word: buying
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Dates: during 1960-1969
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...obscure, brown-shirted band of fanatics who called themselves the Nationalsozialistische Deutsche Arbeiterpartei-Nazis for short-bought their first newspaper. It did not seem much of a buy. The Volkischer Beo-bachter (People's Observer), was a slender Munich biweekly with barely 7,000 subscribers and not a pfennig in the till. Its new publisher, one Adolf Hitler, made it a daily and rang up a blustering new masthead slogan: "Combat Organ of the National Socialist Movement of Germany...
...daughters and their children have never been able to agree on common moves. Olivetti limps along on a codirectorship of Grandsons Roberto and Camillo Olivetti, representing two different factions. About all that they have been able to codecide is that they need the Agnelli syndicate to come in and buy one-third of Olivetti. To run Fiat and some 110 other companies that range from cement to Cinzano vermouth, Giovanni Agnelli's twelve heirs have put their combined holdings into a smoothly functioning holding company called Istituto Finanziario Industriale...
...many Hungarians flocked to Czechoslovakia to buy lingerie and razor blades, which were almost unattainable in Hungary, that the Czech government was forced to slap spending restrictions on the Hungarians to prevent a shortage of the same items in Czechoslovakia. Czechoslovakian retailers last year had to return nearly $70 million worth of goods that their customers did not need and would not buy, while neighboring Poland overproduced 9,000 washing machines even though retailers clamored for scarce enamel pots. Queues even form for vegetables in rich Bulgarian farming country because bureaucrats have not received orders to disburse their produce...
Family Talk. System/360 emphasizes another dominant trend in computer design: versatility. The new IBM family has junior members that can be rented for $2,700 per month or bought outright for $133,000; its largest systems rent for $115,000 per month, cost $5,500,000 to buy. The family's largest and smallest members are now compatible; they use the same computer language and talk to each other at grisly speeds of many thousand characters per second. IBM intends that big and little ones will be connected in closely intimate groups, chattering like crazy 24 hours...
...Francisco Investment Banker Claude N. Rosenberg Jr., is when a stock selling at $10 to $20 splits. "This smells of promotion," he says, "because there is really no reason to bring a stock down in price from these levels." Almost all stockbrokers agree that no one should buy a stock just because it is being split. The reliable formula is still to consider only what the real value of the company...