Word: litton
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Britz had narrowed the Catamount margin to one goal, 4-3, by beating UVM wunderkid Tim Camisa to the upper righthand corner of the net at 9:10. Harvard kept the momentum for about 30 seconds, but when Messina and Mark Litton worked a beautiful two-on-one breakaway on the overanxious Crimson defense and beat the helpless Wade (32 saves) Lau, the Cats took it back, settled down, and neither team scored again...
DIED. Charles ("Tex") Thornton, 68, founder and board chairman of Litton Industries, who was architect of the modern management concept of conglomerates; of cancer; in Los Angeles. In 1953 he bought Litton, a tiny electronics company, and made it a huge conglomerate, acquiring some 40 firms that produced 200 products. As an Army Air Forces colonel in World War II, he won fame as the inventor of a "statistical control" system to keep track of the military's global resources. In 1946, he and nine Army colleagues moved to the financially ailing Ford Motor Co., where they were nicknamed...
Last week in a New York City courtroom, AT&T was greeted with more bad news. A jury of five women and one man held that the company had unfairly driven Litton Industries out of the telephone equipment business, and awarded $92 million in damages to the California aerospace and electronics conglomerate. If the verdict survives legal challenges, the sum will automatically be tripled under federal antitrust laws to $276 million...
Trying to find at least one encouraging aspect to his company's latest courtroom setback, Edward Goldstein, assistant finance officer for A T & T, pointed out: "We believe the award of $92 million is unjustified, but it is a far cry from the $570 million that Litton had sought. We will appeal the verdict." At Litton's Beverly Hills headquarters, General Counsel Robert Lentz was less circumspect. Said he: "Certainly we are not unhappy. The verdict vindicates our position that the Bell System violated the antitrust laws." Even so, Litton is not expected to return to the rapidly...
...strictly legal terms, the Litton decision has no bearing on the biggest antitrust case of all against Ma Bell-the U.S. Government's suit to break up A T & T, in part by spinning off its equipment manufacturing division, Western Electric. But the adverse Litton decision may nonetheless make it politically more difficult for the Reagan Administration to drop the case, as both the Commerce Department and the Pentagon have urged. They maintain that the nation's economy and security require a strong...