Word: sales
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Dates: during 1970-1979
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...Saudi Arabia, the sale of the F-15, the most sophisticated jet fighter in the U.S. arsenal, is a test−not merely of Washington's intent to be evenhanded in the Middle East but, specifically, of whether America is prepared to be a reliable friend. As Crown Prince Fahd explains it, the Saudis' relationship with the U.S. involves a basic tradeoff: oil for security. They are prepared to hold down oil prices, expand their productive capacity and help protect the dollar−all of which are vital to the U.S. and its Western allies. In return, they...
...manpower. The Saudis believe they need a military force capable of holding out against attack for at least two or three days−just long enough for a powerful friend to come to their aid. They want that friend to be the U.S., and thus they regard the proposed sale of 60 F-15s, which two U.S. Administrations have supported, as a barometer of that friendship...
Gary Helms, research director for Loeb Rhoades, Hornblower & Co., agrees that naked option and ordinary short sale covering boosted the market during the past few weeks. But he argues that it is only one factor: "The rally was one of the broadest based I have ever seen. There is more buying to come from institutions and from abroad." And, he adds, "we are not even counting the small investor, who could further increase the rate of gain when he decides it is finally time...
...that bounces back from the object aimed at and, in a series of steps that take a fraction of a second, fixes the lens at the precise focus, from 10 in. to infinity. Not an accessory, the device is an integral part of the camera, which will go on sale late this year. List price: about $280, v. $233 for the regular SX-70, which produces developed color pictures in minutes...
Though many shareholders fear that the sale of new shares will dilute their stock, there are no easy alternatives for raising the money. Without new capital, even Chrysler executives concede, the baby of Detroit's Big Three faces a difficult future in a business where the giants are always spending small fortunes on new-car designs...