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The Peninsula Times Tribune from Palo Alto, California • 7

Location:
Palo Alto, California
Issue Date:
Page:
7
Extracted Article Text (OCR)

PALO ALTO TIMES, TUESDAY, FEB. 18, 19697 lif-vf; 1 Taxon Corp. formed by Peninsulans Communications oriented, computer based systems will be the business of Taxon a newly formed Sunnyvale company founded by six Peninsula management and engineering executives. Robert C. tender, Los Altos, is president and chief executive officer of the new group.

He has been president of Data Pathing of Sunnyvale for the past two years. Taxon has leased a new square foot building at 745 Pastoria in Sunnyvale. Others in the founding group include Charles T. Casale, Los New area company ing firms. Casale, who also was with ata Pathing, headed development of two major computer systems with Control Data, a major computer manufacturer, the 3600 and 924.

Correll spent nine years with IBM in San Jose and has been a consultant for a number of firms, including Dura Business Machines. Leasing arrangements for Taxons new building were by W. R. (Chip) Potter of Renault and Handley, Palo ne- -gotiated 1 -Alto. 9 Business Notebook Zoecon extends share rights The rights of Syntex share-' holders to subscribe for shares -in Zoecon a Syntex sub- sidiary formed last year, have been extended to Thursday, Feb.

i 27, a Zoecon official said today. The rights originally had been scheduled to expire next Thurs- day. 1 The company was formed to engage in the field of insect con-! 1 tool. Dr. Carl Djerassi, chairman of Zoecon, explained that mail de- lays due to recent heavy snows in tiie east and apparent back -office problems in some bfok- erage houses made the extension advisable.

Zoecon is offering to Syntex-' shareholders the rights to to 944,547 shares on the basis of one share for each 10 1 shares of Syntex held as of Feb. 1 3, 1969. Tire subscription is $11 a share. Zoecon shares, now being traded on a when-issued bar- sis through Pacific Coast Stock' Exchange member firms, closed at $21.50 a share Monday. The when-issued basis is a device allowing trading prior to the ex- ercise of the righto to subscribe through transferraUe warranto.

EDWARD LEWIS WILLIAM HEFLIN Equitable sells area development A 600 unit mobile home community in Sunnyvale, Adobe Wells, has been sold to a Hillsborough developer by Equitable Savings and Loan Association in Palo Alto at a cost of $3.5 million. The buyer is Hal H. Ander-m, who said he is now negotiating to acquire several other mobile home communities and a mobile coach and trailer manufacturing plant Anderson Is die 50-year-old Texan who recently tried to buy the 250-acre Celia Tobin Clark property in Hillsborough. He offered to allot-dO-acres of it flu a park, and to turn the 46-room mansion over to the San Francisco Symphony for a summer home, but the deal didnt go through because of zoning restrictions. Adobe Wells, termed the nation's largest mobile borne park west of the Mississippi River by an Industry magazine, is leased to California Mobile Home Communities, which specializes in the operation of mobile home parks.

Andersons other developments Include office buildings, apartments, hotels, medical clinics and luxury residential projects. Adobe Wells is located at 1220 Lawrence Expressway. Its residents live in mobile coaches valued at $5,000 to' $50,000, according to Anderson. Marin Controls to merge with FRL of Palo Alto Planning the future Off cars of a new Palo Alto firm, Basie Systems study management chart. Seated is Cass Rollins, founder.

Standing, left, is CecR Brewer, treasurer ana contra Her, and center, Robert Stacy, vice president, operations. Basic Systems, consultant firm, opens operations in Palo Alto was associated with Rohr Corp. San Diego. Rollins indicated the new company will design and implement new business systems for companies in insurance, banking, stock brokers, hospitals, Industry, city, county and state governments. Brewer formerly was asso ated with Insurance Securities of San Francisco and Firemans Fund of San Francisco.

Stacy was formerly manager of information systems for Applied Technology in Palo Alto. Before joining Applied Technology, he Ford profits for 1968 at 99 cents a share Dividend declared by Safeway Stores OAKLAND A dividend of 27 cents per common share payable March 31 was declared Monday by the board of direc- tors of Safeway Stores, Inc. The dividend is payable stockholders of record Friday, Feb. 28. Alto, arranged the merger.

FRL Incorporated was set up by Atherton Investment in April, 1967, to purchase fire assets of Fisher Research Laboratory pioneer peninsula electronics firm dating to 1935. Heflin will continue as prestl dent of FRL after It acquires Marin Controls. Lewis will become chairman of the board of FRL. FRL manufactures pipe and cable locators and fault locators for the underground utilities Industry, FM and single sideband radio for marine communications and metal detectors for mineral', prospects and hobbyists. FRLs board of directors will be expanded to include Lewis and Nicholas Doukas of Fremont, vice president and trailer of Marin Controls.

Board members of FRL at present are Heflin, Stewart, L. Farrell McGhie ofStanford, Stanley VF. Kalsel of Atherton, F. Langwith Berry of Carmel, Philips B. Patton of Santa Cruz and Kurt E.

Appert of Pebble Beach. Trial lawyers elect Joseph W. Cotchett of San Mateo is president of the San Mateo County Trial Lawyers Association for 1969. He succeeds Sidney L. Berlin of Redwood City.

Other new officers include Gerald Ragan, San Mateo, first vice president; James Dennis, Redwood City, second vice president; Daniel Monaco, San secretary; and George R. Corey, San Bruno, treasurer. Va new firm, Basic Systems is now in operation at the California Lands Building in Palo Alto. The firm will specialize in three major areas management consulting, design and implementation of computer and manual business systems and industrial engineering. Founder of the company is CasS Rollins of Palo Alto, who' will serve as president and board He was formerly regional manager of business Systems for Planning Research with offices In Palo AM.

Before that he' was director of information systems for Applied Technology in Palo Alto. 1 'Robert R. Stacy of San Jose prill be vice president, operations, and Cecil Brewer of Por-tola Valley, treasurer and controller. for temporary. Shipping and help call' MANP0WER Palo Alta 941-4111 krilitw 47-7731 SJm 241-4900 OfflcM around tha ora rid Lastyear was the auto industrys best In sales the 9.6 million cars sold on the U.S.

market beat the previous mark by 300,000. General Motors earlier reported profits of $L7 billion, or $6.02 per share on sales of $22.8 billion, and Chrysler Corp. reported profits of $290.7 million or $6.23 a share on sales of $7.4 billion. Both reported increased sales but only Chrysler claimed a new earnings high. Over-Counter Id mantlfia quatatiana fruit tin National Aaaaciattan Sacairltlaa Daatara.

BMs and aakad pticaa art iraaantativa friar daaltr not Induda eamm R. Mitchell, president of Mitchell and Ahlgren, a Sunnyvale consulting civil engineering firm, is the new president of the Associated Civil England Land Surveyors of Santa Clara County. He suc-nt G. McDermott of San Jose. Other new officers are John J.

Brawn of Santa Clan, vice president, and 'Leo W. Ruth of San Jose, secretary-treasurer. Fairchild Camera and Instrument Mountain View, named James P. Landes assistant treasurer. Landen, who will move to the Midpeninsula from Redondo Beach, was formerly with Cosmodyne Corp.

W. Bruce Wholey was appointed technical services man-of Hewlett Packard Palo Alto. Wholey was formerly manager of the companys Waltham, Mass. division. -Richard S.

Sonne of Palo Alto was named to the board of trustees of Golden Gate College, San Francisco. He is vice president and controller of Del Monte Corp. San Francisco Federal Savings has named Philip Moe assistant manager of its Palo Aho branch, succeeding James R. Freshour who was transferred tothe post of assistant manager of the San Jose Mpe was formerly'! the firms San Francisco Scope Corp, Menlo Park, appointed Robert H. Johnson as director of administrative services.

He was formerly audit director of the Saga Administrative Menlo Park, which holds 50 per cent of Scope. Sheppard Maiarek of Mountain View was promoted to medical communications manager for fire medical department of Syntex Laboratories, Palo Alto. He has been a clinical research associate in the department since 1966. TRf DATA Mountain View, named Lee McGrew sales manager. He formerly was with Teleregister Stamford, and Digitronics Albertson, N.Y.' Vaughan S.

a was named general manager, 6000 Series Software Development Division, Control Data Corp. Palo He joined Control Data in The firm also named Robert J. Miles Extended Core Storage Systems Director fin: the division. Applied Technology also named Glenn E. Nixon of Campbell a senior process specification Writer.

KGSC-TVY CHMMn. I 36 PHONE IN YOUR INVESTMENT QUESTIONS DETROIT If) Record sales and earnings in the last quarter of 1968 pushed Ford Motor Co. profits to $827 million or $5.73 per share of common stock. Sales of the years last three months were $3.8 billion and profits were $164 million or 99 cents per share, according to figures released Monday by the company. The yearly profit report is the second highest in Fords history, topped only by 1965s $703 million.

In 1967, the firm reported a profit of just $84 million, or 77 cents per share, but said it was hampered by a lengthy United Auto Workers strike. A new contract, agreed to after the walkout and effective in 1968, brought higher wages and fringe benefits. Total 1968 sales of $14.1 billion were 34 per cent higher than 19678 and were well over fire companys previous record of $12.2 billion, set in 1968. Data storage firm occupies new building Information Storage Systems Inc. has moved into a new 33,000 square foot building in Vallco Industrial Park, Cupertino, according to John J.

Harmon, company president. The one-year-old company had the building designed for the development and manufacture of disk drive systems for mass data storage. Initially the firm will concentrate on disk storage drives that utilize removable disk packs. Long term plans, Harmon said, call for a complete line of direct access memory systems to serve small to large scale computer systems. He said the firm will announce its first product later this year.

LEASE 1969 IIIUEDIATE DELIVERY 1300 Manta 322-7211 An agreement to merge Marin Controls Co. of Belmont into FRL Incorporated of Palo Alto was announced today by President William Heflin of the Palo Alto firm. Marin Controls founded in 1966 by Edward Lewis, makes life aging systems for the semiconductor industry, solid state relays and temperature controls and custom communications systems. The merger agreement is contingent upon the private placement of $500,000 in new FRL stock, representing new equity financing for the combined, entity. 1 Ray Stewart, president of Atherton Investment Co.

of Palo Larger office suite leased by Prudential Prudential Insurance Co. has leased a suite of offices on the second floor of an office building at 410 Cambridge Ave. for its Palo Alto agency, Victor G. Henigan, division manager, said. The new quarters represent a doubling of the agencys former offices, Henigan said, and an option for future space has also been obtained.

Henigan is predicting an increase of 70 per cent in business and 50 per cent in staff during the next three years. Other Listings Air Wtat 17 Mlcrwv Aaaac 2M Airlift Inti 6M Molybdanum JOM Botany Ind It Natl vidaa 12M Calif Cmptr J4M Nmr Mrla Min 17M Planning RmcD ink JHk Ramada Inn 44 ISM Rtaaardi Cstt 37M ISM Rag Oil A Gat ISM 11M Royal Ind JIM 23 Suaqinhana 2fM 20M Syntax 336 Syatm Osh 2fM J7M Wyta Lota 26 U.S. Looting 26H LFC Carp 12 VroNiGHT (in YJLUPM, iirnu IIIUMIIMI When you consider how important investment ideas are Addlion-Wly Amcr Exprara Ardtn Mayfair Col Wotar Sarvlcf Compfr Equip Comptr Usg Data Ttdi Gan Rac Tapa Carp Laor Jat Ind Optics Tl Alta aM a J4 JIM 22 16M 262 SF Hlclr URS Systams Utah Construction. til A WfST MKrOWIIVW a. Bank of America Bank of California Crocks r-CItlzms Bank First Nat San Jom Liberty Not Bank Stanford Bancorp Walls Fargo i 14 40 12M 70 SIM 42M JIM IM 17M SIM 41M 14 70 52 43 J2M OM 29M STM IBM 36020 Computer Tims FOR RENT Please call Mrs.

Clark at the '1 PALO ALTO TIMES 326-1200, Extension 245 you can understand why Dean Witter Co. works so intently to find good ones for you. The result is: Dean Witter Account Executives have an almost continual flow of solid, research-based ideas to assist you in your efforts to achieve your investment goal. If youd like more information on how we can help you, just call the manager of the Dean Witter office nearest you. Hell be glad to arrange an appointment, without cost or obligation, of course.

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presented by Glore Forgan, Wm. R. Staats, Inc. MENSEM NEW YORK STOCK EXCHANGE SAN JOSE SAN FRANCISCO PALO ALTO REDWOOD CITY OAKLAND CREEK Alan E. Winterbotham, Vice' President 2390 El Camino Real South Palo Alto Phone 321-6030 Robert B.

MacBride, Manager 425 Bryant Palo Alto Phone 326-2280 For continuous transcribed market reports dial 321-1570.

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About The Peninsula Times Tribune Archive

Pages Available:
881,151
Years Available:
1893-1990