Word: fabri
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Dates: during 1960-1969
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Merlyn Francis Mickelson, 38, of Minneapolis, a high school dropout and former disk jockey, has exploited a high degree of ability in a specialized technical field. He is president and 75% owner of Fabri-Tek Inc., a $16 million-a-year company that is the nation's largest manufacturer of memory cores for computers. His stock holdings in the firm are worth $47 million...
...Mickelson's expertise in this narrow specialty, invited him in 1955 to start building experimental computer parts, offered to supply the raw materials. Mickelson figured that the demand for memory cores would be so great that even a small firm could cash in on it. He set up Fabri-Tek in his basement, working nights and weekends while he held his daytime job at Remington Rand. His total investment in the new company was for "some wire, solder, tweezers, and a little pair of nippers-altogether...
...Honolulu magazine and printing press, built up a circulation in 60 countries for his International Construction Reporter (cost: $50 per year). Merlyn Mickelson decided that the computer companies would need a lot of handmade magnetic memory cores, started turning them out in his basement workshop; that eventually grew into Fabri-Tek Inc., in which his stockholdings are now worth $46 million. Al Maisin sensed the hidden values in old neighborhoods, started remodeling dilapidated houses in his spare time, has become a prosperous builder...