Word: worth
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Dates: during 1950-1959
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...English-born electrical engineer who helped make some of the first seismographic explorations of oilfields in the 1930s has given stock worth $2,527,500 to set up a center for geophysics, meteorology, oceanography and related fields at M.I.T. The donor, whose gift, made jointly with his wife, was announced this week: Cecil H. Green (M.I.T. '23), vice president of Texas Instruments, Inc., a Dallas electronics firm, and board chairman of Geophysical Service, Inc., a subsidiary outfit that does seismographic exploration in 21 countries. Said M.I.T.'s President Julius Stratton: "The earth sciences stand on the threshold...
...always been hard for a small, growing company to float a stock issue. Wall Street's big underwriters generally ignore it; the fees are hardly worth the effort. But last week a fledgling microwave-equipment company called F X R, Inc. made news with its new issue. It had taken its modest (200,000 shares) offering to an underwriting specialist as small as itself: C. E. Unterberg, Towbin Co., a two-man firm that operates a one-room office and has won itself a red-hot reputation introducing and making markets for midgets. So successful is the firm that...
...previous successes. In 1955 it engineered a Diners' Club stock issue that no one else wanted, brought it out at $8 a share. Current value: the equivalent of $86 a share. The two-man team handled Marquardt Aircraft Co. in 1952 at $15 a share; it is now worth $280 (counting stock dividends). While most of Unterberg, Towbin's companies are scientific or technical, it is not a venture capital firm in the sense that it sponsors new inventions. "We get in on the second stage," says Partner Clarence E. ("Dutch") Unterberg, "after the company has demonstrated some...
Three Middlebury College freshmen were arrested yesterday for allegedly stealing property worth $2000 from Business School dormitories Saturday night. The three admitted raiding rooms at Massachusetts Institute of Technology and Brandeis University as part of a fraternity initiation stunt, according to police...
...small soapstone statuette of an Eskimo woman, possibly worth several hundred dollars, is still unclaimed, although a woman seeing a picture of it in Wednesday's CRIMSON told police she thought she remembered seeing it in Peabody Museum...