Control Data Australia Memories compiled by Brian Membrey

The William C. Norris Scrapbooks (V1 Pages 61 - 120)

61

Feb 1958

Release of Data Recorder (no model number), also summary of Twin City manufacturers, CDC 180 employees, 38,000 square feet

62

March 1958

Control Data Gets Missile Parts Order

63

March 1958

More on Missile parts order

64

March 1958

Fascinating letter to Norris re Bell Laboratories (author not noted), but a suggestion ii should be burnt after reading

65-66

March 1958

Letter to “Hank” personally typed by Norris and “to be treated in absolute secrecy” outlining severe cash flow problems and plans to urgently cut expenditure in the absence of a “computer-type contract. Norris offers to take 100% of salary as on-going debt, most of management 50%

67


Blank

68

April 8 1958

Letter from First National Bank of Minneapolis to Arthur Ryden agreeing to a $100,000 loan (Hank?)

69

April 11 1958

Announcement of new orders and new employment; announcement of first injunction against CDC by Sperry Rand

70

April 26, 1958

Control Data rebuttal of Sperry Rand charges

71

June 1958

More on “data recorder”, announcement of CDC involvement in air-safety upgrades, half-million in new orders; specifics of technology involved in Sperry Rand injunction

72

June-July 1958

Announcement (July 8) of first 1604 sale to Navy ($600,000), more on air safety project

73

July, 1958

More on 1604 and air safety

74

September, 1958

CDC announced first-year loss of $115,000, 260 employees, total assets $1.223 million; four new hirings from Sperry Rand including Jim Thornton

75

September, 1958

More on loss; new hirings, announcement of $350,000  preferred stock issue

76-79

September, 1958

Stockbroker’s analysis of CDC in support of preferred stock issue

80


Blank

81

September, 1958

Letter from Norris to stockholders explaining preferred stock issue, now 40,000 shares at par $25, 6% interest cumulative Allstate Insurance taking 14,000 (the original $350,000) with existing shareholders rights of purchase at 4.25 (current share price) exercisable within ten years (not mentioned in the article. But the Allstate issue funded the acquisition of Cedar Engineeing)

82

September, 1958

Notice of special meeting of stockholders to approve preferred share issue

83-89

September 1958

Proposed Amendment to Articles of Incorporation

90

September 1958

Blank

91-92

September 1958

Resolution for issue of preferred stock plus redemption plan extending to 1971

93

September 1958

Program for Norris, Mullaney and Drake address “Electric Computors (sic) Today and Tomorrow” to Rotary Club of St. Paul

94-95

September 1958

Balance of Rotary Club newsletter

96-99

October 1958

Rotary Club newsletter, mention of CDC addresses page 99

100

October 1958

Ads for issue of preferred stock; announcement of Drake and Ryden to head Midwest Technical Development Corp. Investment group, both to continue part-time with CDC

101

October 1958

“City Firm Delivers Air Traffic Brain”, additional hirings;  Mullaney to Vice-President, Edward Strickland as Treasurer

102-04

February 1959

Letter to shareholders announcing net profit of $32,000 for six months on sales of $1.466 million, 1604 prototype “nearing completion”. Staff 315; Cedar Engineering 247, computer products 68 “36 are professional personnel holding engineering or scientific degrees”

105-08

February, 1959

Analysis of CDC by J. M. Bain and Co., New York Stock Exchange (purpose unclear)

109-10

February, 1959

Analysis of CDC by Piper, Jaffray & Hopwood, (also NYSE), again purpose unknown

111

April 1959

Minneapolis Star article of electronics industry in Twin Cities with annual sales estimated at $47.5 million and a payroll of $14 million (Sperry Rand and Univac do not appear in the list) - Univac 4,000 employees and order backlog of $65 million, “Control Data Rates as “Cinderella”

112

October 1959

CDC to fight action launched by Ernest Manning (ex-Cedar Engineering) for dismissal as President; latest stock offering over-subscribed

113

?

“Welcome to the World of Richard’s VITAMONEY”  Vouchers redeemable on purchase of health products - it must have meant something to Bill Norris!!

114

Saturday 30 December 1899

First ads for 1604 “Now, a startling new concept in computer pricing  View the advertisement

115

October, 1958/Feb, 1960

Ernest Manning’s six-level house (valued $100,000; Control Data buys Control Corp. , Minneapolis ($2 million)

116

November 1959

Business Week ; More Computer For Less Money - CDC1604 and Royal Precision Corps’ RPC-4000

117-19

February 1960

Half-yearly stockholders report - profit just under $250,000; sales $3.899 million “the development of the new Model 160 is proceeding favourably”

120

February, 1960

Control Data computer sales increase by 166%; Control Data Denies Use of Sperry Rand Secrets; Sperry Rand Drops Pleas on Control Data




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