Word: raytheon
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Dates: during 1990-1999
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...never take off enough stock ahead of these 31 days unless you are a total masochist. What is it about this month that causes people to lose their senses and chop a third or even a half off the value of solid American companies, like Xerox or Raytheon or Unisys, that screwed up for a quarter? Why do people who are perfectly rational shareholders the 11 other months of the year get gripped with a frenzied groupthink that forces them to shoot first and not even bother to ask questions later...
Executive Jet commands more than 75% of the fractional-ownership market--down from 100%. Its success has lured a couple of jetmakers into the game, including Raytheon, which sells Beech and Hawker jets. Bombardier, a leading competitor, is adding fractional owners at a rate of more than 100 a year; it has more than 350 clients using 65 Learjet and Challenger aircraft. A booming economy continues to enlarge the ranks of fractional flyers. Over the past 3 1/2 years, Executive Jet has ordered 590 aircraft, paying $9.75 billion and expanding into Europe and Asia...
...Raytheon technician Percy Spencer accidentally discovers microwave cooking when microwave signals melt a candy bar in his pocket...
Percy Spencer didn't know better than to bring candy with him into his microwave lab in 1946. When the American engineer, who was developing radar components for the Raytheon Corp., let his chocolate bar get too close to a piece of equipment, it turned into chocolate...
Cooking would never be the same. Within a year, Raytheon had introduced the first commercial microwave oven--a clunky, 750-lb. thing that required plumbing to prevent overheating but that managed nonetheless to do the job: heat food by electromagnetically stimulating the water, fat and sugar molecules within it. It was 20 years before Amana introduced a household model, and even then consumers--fearing everything from sterility to brain damage from the unfortunately named "Radarange"--gave the gadget a pass...