Word: semiconductor
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Dates: during 1950-1959
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...stock issue attracted such broad public demand. Transitron quickly jumped to $49 per share in over-the-counter trading, closed the week at $43 per share. To Transitron's owners, David and Leo Bakalar. went $34.4 million for part of their interest in the third largest U.S. semiconductor producer (first: Texas Instruments Inc.; second: General Electric Co.). The Bakalar brothers still personally hold 6.4 million shares, almost evenly distributed between them. Their total worth, based on last week's market price: $311 million...
First With the Best. The Bakalars have built their electronics fortunes in only seven years. In 1952, Leo had a highly successful plastics business and good bank credit. David had a Massachusetts Institute of Technology Ph.D. in physical metallurgy and some practical semiconductor experience from a job at Bell
...postwar industry has grown faster than electronics, and no electronic devices have paid off more handsomely than semiconductors-the tiny, spiderlike transistors, diodes, rectifiers that perform the functions of vacuum tubes. Though semiconductor technology is scarcely a decade old, industry sales have climbed from $15 million in 1954 to an estimated $195 million this year; electronics experts think they will be $350 million in 1960, more than $1 billion...
...Customers. The growth has been stimulated by the opening of new markets. The first transistors replaced vacuum tubes in consumer devices-hearing aids, portable radios, etc. Now transistors and other semiconductor cousins are manufactured with such precision and close tolerances that a new generation of computers is being designed for them. The circuitry of new missile systems, where space and weight are at a premium, calls for millions of semiconductors. Industrial and military uses account for only one-third of semiconductor units manufactured, but two-thirds of dollar volume. Computer builders are expected to increase their purchase of semiconductors tenfold...
Jones has worked in both electronics and solid state physics. Senior Engineer at the Shockley Laboratory until recently, he has done research in transistor design, semiconductor crystal technology and paramagnetic and diamagnetic resonance in gas plasmas...