Word: eversharp
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Eversharp, which has threatened for months to bring out its pen, finally did. It claimed all the usual tricks for its CA (Capillary Action) pen, such as writing under water. It also boasted: 1) a cartridge-type refill; 2) choice of different colored inks; 3) a higher price, $15 plus jewelry tax. Eversharp had spent $2,000,000 for research and for the North and Central American rights to the Biro pen (TIME, Aug. 21, 1944), forerunner of the present crop of pens. But what Eversharp had got for its money was not clear, as new ball pens were turned...
...Eversharp has already filed two patent infringement suits, for $2,000,000 apiece, against Ball and Kimberly, in addition to its $1,000,000 counterclaim against Reynolds (TIME, Nov. 12, 1944). But none of them seemed concerned. Said one manufacturer: "Nobody's done any copying. The ball principle dates way back to the last century...
...factory in Chicago which will help turn out 30,000 "miraculous" pens a day. But from now on, selling the pens may not be so freehanded. Penman Reynolds wrote his own ticket by tapping the rich postwar market first. Next month he will run into his first stiff competition. Eversharp and Eberhard Faber, who do 10-15% of the U.S. pen-&-pencil business, will put on sale their own ball-point...
...excitement over the pen was not limited to Gimbel's counters. A month ago, Thurman Wesley Arnold, hiring out his trust-busting talents to Reynolds, had filed suit in Wilmington's Federal Court for $1,000,000 (treble damages) against Eversharp Inc. and Eberhard Faber Corp. on a familiar Arnold charge: violation of the antitrust laws. The two defendants, Arnold claimed, had tried to "prevent mass distribution" of the Reynolds pen until they could 1) get rid of their own obsolete stocks, and 2) produce a ballbearing pen of their own on the basis of patent rights acquired...
Back came a counterclaim, also for $1,000,000. Eversharp and Eberhard Faber, in a sizzling defense memorandum, went after the "somewhat checkered career" of Milton Reynolds, president of Reynolds International Pen. They charged that he had owned or been active in at least four companies which went broke. He had recently sold U.S. retailers Mexican cigaret lighters which "later turned out to be defective. He ... is apparently ... a 'stop-&-go guy,' a man who . . . drops the item [when it goes sour] and turns to another...