Word: probst
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Sheer admiration compels me to commend you on your courageous choice. The bold selection of a man with bad hair, a foreign accent and no recent movies, best sellers or CDs speaks volumes about your journalistic integrity. KEN PROBST San Francisco...
...sense Gerald Probst, the chairman of Sperry, was like a general on the wrong side of a surrender ceremony as he sat with Burroughs Chairman W. Michael Blumenthal last week at a press conference in Manhattan's St. Regis Hotel. For a year Probst had resisted a determined drive by Burroughs to take over his company and thereby form the world's second-largest computer manufacturer, after IBM. In the end, though, the advance was irresistible. New York City-based Sperry agreed to be acquired by its Detroit rival for $4.8 billion. A triumphant Blumenthal said he hoped that this...
...Probst, 62, will stay on as vice chairman, but he did not conceal his mixed emotions last week. Said he: "We are totally convinced that we could have continued to be a viable competitor to IBM. But we recognize that, being a public company, we are not always masters of our destiny...
Burroughs first approached Sperry's board of directors last year, with a $65-a share offer. Sperry, which was trading at $55 a share, rejected the bid as inadequate, but became concerned that Blumenthal would try a hostile takeover. Probst reportedly talked with several other firms, including General Dynamics and AT&T, about topping Burroughs' offer in a friendly merger deal. Since none of those discussions panned out, Sperry was vulnerable when Blumenthal came back with a $70-a-share bid last month. After Sperry balked again, Burroughs said it would make a tender offer directly to shareholders. Finally Blumenthal...
...object discovered by McCarthy and his colleagues-Frank Low of the University of Arizona and Ronald Probst of the Kitt Peak National Observatory in Tucson-has been dubbed VB 8B and is some 600 million miles from the star it orbits. It is visible only through powerful telescopes. Although it is nine-tenths the size of Jupiter, its mass is ten to 50 times greater. It is also a good deal warmer: 2,000° F, in contrast to Jupiter's -240°, or as Gatewood put it, "as hot as a Pittsburgh blast furnace...