Word: millions
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Dates: during 1960-1969
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...also played a part in Taiwan's newfound prosperity. Last year the Nationalist Chinese sold South Viet Nam some $100 million in machinery, fertilizer and other goods, nearly 15% of Taiwan's total exports. In Japan, the U.S. military during 1967 bought some $200 million worth of goods for Viet Nam, ranging from sandbags to Isuzu buses. The war less directly helped generate another $800 million in Japanese exports; for example, G.I.s based in Southeast Asia purchased 13% of Japan's total camera exports. Other beneficiaries include Singapore and Malaysia, which store and ship Viet Nam-bound...
...when the company brought out a public issue of its common stock, the price of its shares has jumped from $6 to $26.50 on the over-the-counter market. Accordingly, the value of Randell's 54% holding has swelled from $2,509,998 to just over $11 million...
...spite of a new corporate symbol and the influx of $450 million raised to modernize the creaky 117-year-old company, Western Union's growth rate has been discouraging. Telegrams, which still account for 46% of the company's revenues, were off last year; some modernization programs were slow getting started and, as a result, revenues rose a meager 5%. But Western Union does have some interesting possibilities. One is that, in spite of assets of $741 million, its total common-stock value is about $350 million-which puts it in the range that an acquisitive-minded smaller...
...Western Union, made a better bid. After marathon negotiations in New York and Washington between Chairman-President Russell W. McFall of Western Union and Founder-Chairman Fletcher Jones of Computer Sciences, the two men agreed to recommend a merger to shareholders. In an exchange of stock worth $350 million, Western Union will become a part of nine-year-old Computer Sciences. Jones pointed out that his company and Western Union had been working with each other for four years developing ways to transmit computer read-outs over telegraph circuits. As a result, he said, they share "an awareness of what...
Jones, now 37, became a young millionaire (TIME cover, Dec. 3, 1965) soon after he left a data-processing job at North American Aviation and founded Computer Sciences with $100 capitalization. The company grew into a bustling enterprise with $53.5 million annual sales, as Jones devised new programs and uses for the computers that other companies were making. One Computer Sciences innovation is Computax, an income tax program that speeds and eases the work for accountants doing corporate or personal tax returns. Another, about to be introduced, is Computicket which will link every kind of entertainment from baseball to ballet...