Word: vacuumers
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...earliest transistors were skittish and unreliable. Now, says Bell, they are as reliable as conventional vacuum tubes, and much longer-lived. Some types are expected to work continuously for 90,000 hours (ten years). None are on the open market yet, but pilot plant production is under way. Bell is guarded about the cost but engineers are confident that they will prove cheaper than vacuum tubes...
Transistor enthusiasts speak of the future with electronic ecstasy. Replacing vacuum tubes, they say, is not the whole story: transistors will be far more versatile than vacuum tubes. There may be transistor amplifiers in telephone receivers. Airplanes and guided missiles can carry electronic equipment that is now too heavy and fragile. Transistors will give a new impetus to development of electronic-control apparatus for automatic factories. Perhaps the most exciting possibility is in the rapidly growing field of electronic computers. Transistors can be built, theoretically, almost as small as the neurons (nerve cells) that serve as relays in the human...
...Manhattan's 26 Broadway, citadel of the old Standard Oil Trust until its dissolution in 1911, the directors of Socony-Vacuum Oil Co. last week trooped into their paneled meeting room, eased into leather chairs beneath John D. Rockefeller's portrait and listened to a report of Socony-Vacuum's 1951 profits that would have amazed old John...
...most that Rockefeller's whole trust had ever earned, in its heyday, was $83 million. In 1951, Socony-Vacuum, representing merely two of the 34 units into which the Supreme Court split the trust, earned nearly twice as much-a thumping $160 million ($5 per common share) and a 25% gain over 1950. At the news, Socony's directors declared a March dividend of 50?, up 25% from the last quarter, and Socony's stock pushed up to 40. Just ten years ago it sold...
Wall Streeters had long looked down their noses at Socony-Vacuum, in spite of the fact that it has become the second biggest oil company in the U.S. in refining capacity.* The major reason was that Socony-Vacuum had grown up as primarily a marketing rather than producing organization. To inflation-wary investors, Socony looked a bit like a skinny stepsister of oil-rich Standard...