Word: motorola
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Dates: during 1960-1969
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Among manufacturers of radio pagers, Motorola dominates, with about 80% of the market. Its Pageboy receivers range in price from $180 for low-frequency units, to $275 for VHP. Low-frequency transmission requires no FCC license, is mostly for on-the-premise calls. Low-frequency beepers keep executives on their toes in 66 IBM plants throughout the U.S., New York's Americana Hotel coordinates staff activities with them, and department stores use them to alert floorwalking detectives when shoplifters are spotted...
...reflected in lower earnings. Morning after the Argus report, a big mutual fund, with its own pessimistic conclusions about Fairchild, offered a block of 100,000 shares; almost immediately, a second fund came in with another 100,000. Now everyone seemed to be selling Fairchild-and Texas Instruments and Motorola into the bargain. The M. J. Meehan Co., the Street's respected Fairchild specialist, valiantly tried to buy, but could not absorb all the available shares, lost a rumored $500,000. Fairchild itself dropped 191 points by the closing; Texas Instruments was down 151, Motorola 101. Next day, although...
...Debre has learned that if France excludes them, U.S. companies will plant branches in other Common Market countries and then export freely to France (TIME, April 1). The Gaullists also have come to believe -after years of chauvinistic doubt-that U.S. capital and technology can benefit French industry. When Motorola offered to develop a semiconductor industry and invest generously in research, Debre gave the company permission to build a multi-million-dollar plant in Toulouse. Now General Electric, ITT and the Dutch Philips are vying to take over a French electric-equipment manufacturer, and the U.S. firms appear to have...
...some stock in large blocs. They were getting rid of electronics stocks and shares of machine-tool companies and others likely to be damaged by repeal of the 7% investment-tax credit. The glamour stocks have dropped much more than the blue chips; Fairchild Camera, Doug las Aircraft, Xerox, Motorola, and oth ers have come down 50% or more from their year's highs. Such declines have clobbered the executives who exercised stock options with borrowed money, using their shares as collateral, when stocks were high; bankers have been calling many of these men to put up more collateral...
More Strain Than Gain. The draft, and the tendency of more and more students to stay in college to preserve their draft-free status, are heightening the already severe labor shortage. Motorola Corp. Chairman Robert Galvin last week cited the labor squeeze as a prime reason why the company's earnings are expected to drop in this year's second half. To recruit, some companies resort to blind mailings; Automatic Electric Co. recently sent letters to people living near its Chicago plant, asking, "Are you happy with your job?" By contrast, the Pennsylvania Power & Light Co. has more...