Word: foundered
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Dates: during 1980-1989
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When it was founded 16 months ago, DNAX of Palo Alto, Calif., easily raised $5.5 million. The company, though, is now spending nearly $4 million annually on research, and it does not expect to see any profits for at least another six or seven years. Dr. Alejandro Zaffaroni, the founder and acting president of DNAX, admits that he expects to find it difficult to raise additional capital and that he may eventually be forced to sell out to a larger partner...
Some of the members are relatively well known. They include Katharine Graham, chairman of the Washington Post Co., for example, and Betty Ruth Hollander, holder of five patents in temperature measurement and president and founder of Omega Engineering in Connecticut. Also among the new members: Christie Hefner, 29, a corporate vice president and widely considered the hare apparent of Playboy Enterprises; Investment Adviser Julia Walsh of Julia M Walsh & Sons of Washington, D.C.; Sherry Lansing, president of Twentieth Century-Fox Productions; and Florence Skelly, president of pollsters Yankelovich, Skelly& White...
Despite many initial doubts, the wom en almost universally praised the commit tee after the first meeting. Says Mary Farrar, 41, president and founder of Systems Erectors, a structural steel contractor in Kansas City: "I had no women professional associations whatsoever. I simply didn't know there were other women out there at my level with the same managerial problems." Said Diane John son, 48, executive vice president of Houston's Central Pipe & Supply Co. (1981 sales: $82 million): "Most of us are not joiners. But we decided to risk it." Added Lane Nemeth, 35, president of Discovery...
...desk in a dimly lit study. He has come to retrieve a red folder containing his will. But as Muscovites who have been flocking to the new production soon discover, Thus We Will Win is no routine story of squabbling heirs. The character at center stage is Vladimir Lenin, founder of the Soviet state; the document he seeks is a political testament in which he warns his colleagues of future perils to the Communist Party...
...actually copied a Pillsbury package design. After Jeno's agreed to change its box, Pillsbury last month filed a second suit claiming patent infringement by Jeno's and pointing out that Jeno's new design copies yet another Pillsbury package. Fumed Jeno's crusty founder, Jeno Paulucci, 63, as the pizza war dragged...