Word: houstons
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Dates: during 1980-1989
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...with L.J. Sevin, founder of Mostek, a semiconductor manufacturer. Sevin Rosen Management's $2.1 million investment in Lotus, a software manufacturer located in Cambridge, Mass., turned into a holding worth $70 million when the company went public in October. The fund invested some $2.5 million in Compaq, a Houston-based firm that makes a portable computer that runs like the IBM PC. When Compaq went public last month, that investment was suddenly worth $40 million. But not all Sevin Rosen picks are winners. The fund is likely to lose the $400,000 it invested in Osborne Computer...
...financial world. Doing business simply under the name of Arthur Rock & Co., he works out of a modest office in San Francisco's financial district with only a secretary for a staff. Rock's closest friend is Egyptian-born Financier Fayez Sarofim, who is based in Houston...
Helicopters, cars and computers dominate such action-adventure shows, as Magnum, P.I., Matt Houston, Trauma Center, Scarecrow and Mrs. King, Cutter to Houston and The Fall Guy. Coptermania is the current craze. The air waves are bristling with blades, and gyrating, swooping chase sequences have become as common as the earthbound, four-wheeled variety. ABC's new series Blue Thunder (derived from the movie of the same title) features a mean, blackbottle fly of a police chopper that is essentially an aerial machine gun equipped with supersnooping devices. Next week CBS launches Airwolf, about a supersonic CIA attack helicopter...
...Houston 124, Denver...
While watching this melodrama from his Houston headquarters, Pennzoil's Liedtke sensed that Gordon Getty might welcome a partner. Liedtke made his first move two weeks ago, with a $1.6 billion offer of $100 a share for 20% of the oil company. Then while the rest of the business world watched bowl games the day after New Year's, Getty and Liedtke huddled over plans in Getty's apartment on Fifth Avenue in Manhattan. Liedtke, 61, a lawyer and Harvard M.B.A., outlined a strategy that would make Getty Oil a private firm owned 57% by family heirs...