Word: marchant
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Dates: during 1940-1949
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...model calculator (in Sweden he had apprenticed in a laboratory that had done pioneer work on the problem). Two years later he and his wife got permission to go home. They never got there-a fellow passenger on the boat to San Francisco, who worked for California's Marchant Calculating Machine Co., persuaded Fridén to stop...
...late 1918 Fridén was a Marchant draftsman, with an eye for profits rare in a mathematician-inventor. When the U.S. Government made Marchant discontinue its current model because it violated some German patents, young Carl filled the void with his own model-for $100,000 plus $1 on every machine sold. The next Marchant crisis-a patent battle with Monroe Calculating Machine Co., the only direct Marchant competitor-ended up with peace and cross-licensing for the two companies; a neat $225,000 cash-and-consultant deal (plus stock) for Frid...
Then the depression dumped Marchant and Fridén into deep red ink, finally dumped Fridén right out. He went back to shoestring calculating, determined to invent a competing machine and at the same time avoid any patent fights. In one year flat he had it: with the $27,000 the market crash had left him, plus $25,000 from four California backers, he started the Fridén Calculating Machine...