Word: fairchilds
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...stocks (less than $20) have jumped 39% above, their midyear lows. The most vigorously traded stocks lately have been highly speculative issues that have climbed spectacularly from their lows earlier this year. Among them, Transitron is up from 5 to 12⅛, Ampex from 13⅜ to 26⅜, Fairchild Hiller from 7 to 21, and SCM from...
...restaurant, play a round of golf with him, and fly him back to his office the same day. Outside Washington, a developer is turning the Montgomery County (Md.) airport into an airpark, already has 170 aircraft based there. A golf-cart manufacturer is building beside the airstrip, and IBM, Fairchild Hiller, Sprague Electronics, Bechtel Corp., and the National Bureau of Standards are building nearby...
...first commercially practical cathode-ray tube in 1931, thereupon attemoted to corner the new market with the first home TV sets (1938) and a network of three stations (in 1941), but was left far behind by better-financed RCA and CBS, eventually sold out and became a consultant to Fairchild Camera & Instrument Corp., often observing that he felt like Frankenstein beholding his monster; of complications from diabetes; in Manhattan...
...awaiting Pentagon approval for its HueyCobra, Bell this week showed off a new civilian helicopter-a five-seat Jet Ranger that goes 140 m.p.h., lifts 1,500 Ibs. and is 50% more economical to operate than piston helicopters. Hughes is producing a civilian version of its observation helicopter, and Fairchild Miller, which lost out to Hughes in the military competition, is pushing its FH-1100 as a turbine-driven, $85,000 executive plane...
Most of the trading was done by the big professionals, notably brokerage firms dealing for their own accounts. They both bought and sold, and the net effect was a standoff. There was a lot of switching, as traders sold such recent high flyers as Xerox and Fairchild Camera to get profits that they could plow into stocks that they felt were good bargains. Large institutions - insurance companies, mutual funds and pension funds - were also active, as evidenced by the great blocks of stock that changed hands: 17,200 shares of Chrysler; 53,000 shares of Cleveland-Cliffs Iron...