Word: makers
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Dates: during 1980-1989
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...first time last month, and the fast pace is expected to continue this year. Among the firms making initial offerings last week were DNA Plant Technology, a New Jersey agricultural genetics firm; Sporto, a Boston manufacturer of women's foot wear; and Thor Industries, an Ohio maker of motor homes and trailers. Some of the largest firms going public are savings and loan associations, which are trying to raise capital after several years of disastrous losses. But the most intriguing companies for Wall Street are ones that have names beginning with "bio" or ending...
...Allen E. Paulson, 61, founder of Gulfstream Aerospace, the maker of plush corporate jets. As an Iowa farm boy growing up in the Depression, Paulson supported himself by selling newspapers and cleaning hotel bathrooms. Following high school, he went to work for TWA as a mechanic and moonlighted at an auto-repair garage. After selling surplus airplane parts and advising competing airlines and then TWA on engine design, Paulson in 1951 set up his own business converting surplus passenger planes into cargo aircraft. It grew, and by 1978 he was ready to begin building airplanes on his own. He acquired...
...Philip Hwang, 47, founder of TeleVideo Systems, a maker of computers and computer terminals. At twelve, Hwang was smuggled from North Korea to South Korea by U.S. troops under some maps and canvas in an Army truck. After arriving in the U.S., he paid his way through college working as a dishwasher and waiter in Lake Tahoe casinos. Hwang gained business experience by running a 7-Eleven store in San Jose, Calif., and then in 1975 used his savings of $9,000 to start making video games in his Cupertino, Calif., garage...
...March. But the company's products encountered problems, and in October Fortune's directors forced Friedman to resign as chairman and leave. Last week the fiery Jack Tramiel, who founded Commodore, the home-computer maker, abruptly quit. He had taken the firm from sales of about $50 million in 1977 to more than $1 billion last year...
Unterberg likes to sign up a company well before it goes public in the hope that he can continue to underwrite subsequent stock offerings as it gets bigger. When Cray Research, a Minneapolis-based maker of scientific computers, went public in 1976, Rothschild earned a fee of $150,000 on the $9.9 million issue. Cray has since sold an additional $63 million worth of stock through Rothschild-led syndicates and generated $500,000 in additional fees for Unterberg's firm...