Word: transitron
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...options, notably in electronics companies (e.g., Microwave Associates, Itek Corp.), are a cheap and sometimes most effective way to lure talented scientists from big corporations that pay higher salaries. Options have also helped turn scientists, who often care little about costs, into good managers. Since Massachusetts' transistor-making Transitron Corp. (TIME, Dec. 21) granted stock options to its scientific staffers last winter, it noticed a marked interest in cost cutting. Says Transitron President David Bakalar: "Many technical people don't ordinarily think of operating inefficiencies. Thanks to options they're broadening their role in the company...
Laboratories. In a corner of Leo's plastics factory in Boston, Mass., David developed a commercially produceable gold-bonded diode can electronic switching device for converting alternating current into direct current) that was better than anything on the market. But even after it had a product, Transitron had to wait a year before it could sell any. During that year, Leo poured nearly $400,000 into the new firm, which lost...
...August 1953, Transitron got its first big order: $40,000 worth of diodes from Remington Rand's Univac division. Sales and profits have soared steadily ever since. Last year Transitron had sales of $30,913,376 and earnings of $6,456,138 after taxes, a 21% return on sales and the highest among leaders in the industry...
...Transitron has pioneered in the development of low-noise transistors for use in computers and for military applications. It was the first company to manufacture silicon rectifiers commercially, is now one of the biggest producers of devices used to deliver large amounts of direct current in most electronic circuits. Currently, Transitron is pioneering in the development of thermoelectric materials, which can produce electricity when heated...
...once an underwear mill, the Bakalars share a secretary, avoid written memos, and do most of their business in corridor conferences with staff members. Decisions by Leo, 46, who serves as treasurer and chairman, and David, 34, who is president, have equal power. To justify the price of Transitron's stock (now selling at a steep 45 times projected 1960 earnings) the company is expected to diversify, use the 2.1 million shares of Transitron's authorized but unissued stock to buy other companies...