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Arco's smart managers seem to be making quite a gamble. Ovshinsky is a self-taught physicist without a college degree. ECD, which he founded in 1960, has never had a commercial success, has had only one profitable year (1964) and last year lost $3.4 million (on revenues of $1.6 million, largely from Arco funding for the solar project). The company's over-the-counter stock price has fluctuated sharply. One high came in 1968, after Ovshinsky said in a highly publicized news conference that his research would "transform" the electronics industry...

Author: /time Magazine | Title: Business: Arco's Big Bet | 1/28/1980 | See Source »

DIED. John W. Mauchly, 72, co-inventor of the first all-electronic computer; during heart surgery; in Abington, Pa. The Ohio-born physicist was teaching at the University of Pennsylvania in 1943 when he and Graduate Student J. Presper Eckert Jr. began building an electronic machine to replace mechanical devices. The ENIAC (for Electronic Numerical Integrator and Calculator), a 30-ton leviathan completed in 1946, was 1,000 times speedier than any other computer. After selling their company to the Sperry Rand Corp., the two devised smaller and even quicker machines, among them the celebrated UNIVAC, developed...

Author: /time Magazine | Title: Milestones, Jan. 21, 1980 | 1/21/1980 | See Source »

...refers to what are in contrast the relatively minor dangers of nuclear power plants which offer environmentalist groups easy targets to attack corporate villains such as public utilities. There are undoubted hazards in nuclear power, especially on the question of the disposal of nuclear wastes, but no serious physicist with whom I have discussed the issue (I spent several weeks at Oak Ridge in making myself less of an amateur on this issue) believes that even the most serious damage that, for example, might have resulted at Three Mile Island would be a calamity comparable to a major nuclear exchange...

Author: By David Riesman, | Title: Nuclear Countdown | 1/7/1980 | See Source »

...addition to Alvarez, Wolfgang K.H. Panofsky, a physicist at the Standford Linear Accelerator Center in California, and two other scientists are on the committee...

Author: By James G. Hershberg, | Title: Panel Still Considering Alternatives To Nuclear Blast Off S. Africa Coast | 1/3/1980 | See Source »

...physicist says he is being sent off to a salt mine these days, he may not be joking. He could be heading 40 km (25 miles) east of Cleveland, where an 81-ton digging machine is carving a huge cavity in a salt mine 600 meters (2,000 ft.) below the ground. When excavation is completed, the cavern will be lined with synthetic rubber and filled with 10,000 tons of exceptionally pure, filtered water. Then, about two years from now, physicists will begin looking in the pool for flashes of light that could signal the decay of protons, confirm...

Author: /time Magazine | Title: Science: Diamonds May Not Be Forever | 12/31/1979 | See Source »

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