Control Data Australia Memories compiled by Brian Membrey

The William C. Norris Scrapbooks (V2 Pages 181-240)

181

June, 1965

Control Data’s Issue of Debentures Totalling $40 million is Marketed” (Wall Street Journal, attracting 5% interest); Control Data acquires Firm in Philadelphia (Glenn W Preston and Associates, “a firm designing and developing data processing equipment, antennas, and encoded communications equipment for airborne and satellite-born radar system”

182

June, 1965

Duplicate of above with a couple of obscured bits revealed

183

June, 1965

“Control Data to Buy Building - For Computer School” (first indication of Control Data Institute, expected to have 700 enrolments on opening in September. Also mentions CDC having 16 separate facilities in Twin Cities

184

June, 1965

New York Tribune - “Stocks Move Ahead on Strength at Start” … “Conrol Data, off 3½ at 47¾ was the big loser Wall street was talking about … Control data is expected to suffer from the chain reaction set off by the introduction of new large-scale IBM computers

185

June, 1965

Control Data a Disappointment? (Minneapolis Tribune)  ? The article suggests a Minneapolis stock broker had suggested this - the nine-month report showed net earnings up 42% compared to the same period the previous year!

186

June, 1965

Alternate to above with image of 6600 “Largest And Fastest In The World”  continued page 7

187

June, 1965

… page 7 of above

188

June, 1965

Two More Companies Leave Thorny Computer Market (General Precision Equipment Corp. and Union Carbide); Control data Purchases Business lines from General Precision; Latest Sales Trim Prices of stocks (CDC at 41¼); “Customer switch from purchase to lease may be reflected in Control Data’s earnings;

189

July, 1965

Several articles on “sluggish” stock marker, CDC below 36 but preferred debentures still recommended by Forbes magazine

190

July, 1965

“Control Data Stock Price Dips “ to 32, half that earlier in the year

191-196

July, 1965

A little confusing - another program covering a presentation by Bill Norris at “The Horseshoe Room”, but the second page suggest National Cash Register Company, Dayton, Ohio”,  193-194 photographs on conference attendees including Norris, 195 shows a massive office complex that might have been NCR (think there was a joint production/marketing agreement around this time)

197

August, 1965

“Control Data Disharged 400 employees” (noted 4% of work force and “marginal” workers); Father and Son Suit Against Control Data; Control Data to Contest Damage Suit (a $5 millio claim by Stephen Tonozzi alleging his som (a minor) conceived a new method of making printed circuits while being paid $1,75 per hour

198

August, 1965

Auerback report (positive) discussing reasons for sharp drop in CDC stock

199

August, 1965

“Honeywell Files suit Against Control Data on Computer Patents”, “Control Data Receives $14 million AEC Orders for Computer Systems” (Atomic Energy Commission), “Control Data Net Rise in Fiscal 1965 With Aid Of Accounting Changes”, “Control Data Income Up To $1.06 per share”

200

August, 1965

“Profits and Sales Gains Mark Company Reports”

201

August, 1965

“Control Data Net Near $8 million”, “Control Data Net Increases”

202

August, 1965

Letter to Norris from Governor of Minnesota advising shipment of two Minnesota flags after noting their absence on a visit to Bloomington

203

August, 1965

Letter from Standard and Poor’s to Allan Rudell, CDC Treasurer and after meetings with Norris to discuss CDC propects “… it was a distinction meeting belatedly with the famed Mr Norris, and, I am sure, that if he did not fully appreciate how well-known he is thtroughout the country, that he does now.  (Earning a distinction in Arse Licking 302)

204

August, 1965

“Control Data says Competitor “Causes Confusion” in the Market” (on IBM’s many announcements of new products “under development); “Control Data Up 31.5% on Rise of 22% in Gross.

205

September, 1965

Better Investing Newsletter on Control Data with image of 6600 at CERN

206

September, 1965

Pages 2-3 of above, no reference to CDC

207-08

September, 1965

“Is Control Data In Trouble?” (Forbes Magazine)

209

September, 1965

Indignant letter to Forbes from a resident of Ohio, note added “Mr. Norris, though you’d enjoy this!”

210

September 1965

Letter (Francis L duPont & Co) to Norris supporting Norris’ statements to Forbes and enclosing an article from their own magazine (not shown)

211

September, 1965

“Stockholders told “Bad Year, but Control Data Is Strong” (Minneapolis Star)

212

Sptember, 1965

“Control Data Expects To About Break Even if First Fiscal Quarter”; three articles on CDC acquisition of Howard Research Corp., Arlington, Virginia (missile, underwater and fire control systems

213

October, 1965

International Correspondence School announces William C Norris Scholarship in Modern supervision; “Control Data widens line” (announcement of 1700

214

October, 1965

“Diagnosis by Computer Speeds Heart Checkup” (no reference to CDC)

215

October, 1965

Control Data Buys Canadian Computer Firm (Systems Division of Computing Devices of Canada Inc.); Control Dara Reorganises Products Setup into one group”; “Market Follows A.T.&T To a Loss”

216

October, 1965

Duplicate of 215

217

October, 1965

Bank of Americe Letterhead (contents hidden), Stock Market report

218

October, 1965

Bank of America letter revealed in relation to OCR equipment - penalties and bonuses


219

November, 1965

“Dow Contract Goes to Control Data”; “Control Data Buys Waltek” (Hong Kong component manufacturer)

220

January, 1966

“Control Data  Alters Sales, Lease Prices”; “United Airlines agrees to Lease Control Data Computer system”;”Cpntrol Data States Its Order Flow is Good. Backlog Tops Last Year”

221`

January, 1966

“Control Data Institute announces Evening Computer Courses” ) four under Basic Electronics, eight under Computer Programming; four under General Computer Courses and four under Computer Applications, average around 25-28 hours and costs $50-55; two - Cpmputer Programming and Operations, and Techniques of Operations Research extended to 35 hours and $100); Revenue, Earnings Dip for Control Data”;”Insiders Stock Transactions Are Listed” (on seven officers and directors who sold off shares)

222

January, 1966

"Control Data Revamps Computer Prices to sell More, Stretch Leases"; "Computer Charges are Revised"; HOTLINE Volume III Issue 2, January, 26,1966 on IBM plans to drop "the 90s" (36-90?)

223-224

January, 1966

Complete NEWSLINE article (also 229)

225

February, 1966

"Control Data Official Resigns in apparent Dispute Over Policy" (Frank Mullaney); Eleven Named advisors ti Planning agency" (Minnesota State Planning Agency, names including Norris. Surprise!

226

February, 1966

Three more articles on Mullaney resignation

227

February, 1966

Three articles on Control Data Credit arrangements with Banks ($120 million revolving credit with 10 major banks)

228

February, 1966

“Developments in Computer Industry” (Minneapolis Tribune on planned expansion of CDC and Univac

229-30

February, 1966

Another NEWSLINE article - “Control Data Dominated the news this week” (mostly Mullaney resignation and line of credit arrangements above)

231

February, 1966

"Electronic News - One of the Fairchild Business Newspapers, Vol. 11" - re-hash of Mullaney resignation, Insider Trading and new funding arrangements

232

February, 1966

"Thoughts On A Computer Company" (EDP Weekly (newsletter) (background of CDC, Mullaney resignation, loans, but "a large press conference this Tuesday in Minneapolis to present "certain new products which will soon be in production. Details next week:; "Control Data to stress maximising Profits on Slower Sales Rise" (Wall Street Journal)

233

February, 1966

"Control Data's President Says Worse Is Over"; "Control Data Satisfied Worst Over" (no new products as suggested over, but the day long press tour of CDC's Twin City facilities appears to be the first time Norris attacked IBM's "paper products", an approach that eventually led to CDC's successful $100 million lawsuit against the "big Blue"

234

February, 1966

“Worst Over, Control Data Chief Claims”

235

February, 1966

NEWSLINE”CDC Shaken as Another Founder Resigns” (Robert Kisch)

236

February, 1966

Two Newspaper articles on the resignation of Robert Kisch, another co-founder of CDC

237

February, 1966

"Joining the ranks of the renters" (Business Week). Excelent article on the impact of increasing growth of leasing as opposed to sales. Recommended!

238

February, 1966

"Kisch Leaves, Personal Reasons Cited"; Control Data Files with SEC for 31 selling stockholders", "Statement Opdates One Filed Nov. 26"; "Thornton Named New Technical V-P"

239

March, 1966

"Slow Down And Live" (Forbes Magazine) "That's what the fiscal doctor has ordered for Contol Data. His diagnosis " the company has expanded too fast for its own good"

240

March 1966

Four Minneapolis Based Firms Make Gilbert's Honor Roll" (on quality of reporting to stockholders); "Computer Aid OKd for Idle" (at CDI); University Orders Computer system" (University of Minnesota)

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