OCR Text |
Show The National Enterprise, July 28, 1976 Page twelve Calspan Realignment Finds Executive in New Seat BUFFALO, N.Y. Calspan Corporation (OTC 2.50, 3.50) has announced the election of Dr. Harold R. Leland as vice president of its Electronics and Systems Group. He will replace Dr. Morton G. Spooner who is resigning for personal reasons. Since 1973, Leland has been vice president of Com mercial Development at Cal- span and, since 1974, president of its subsidiary, Calspan Technology Products. As part of the realignment, Robert S. Kelso, Calspan president, will assume a dual role as chief executive of the subsidiary. The position of vice president of Commercial Development in the parent company will be abolished, Calspan announced. In his new position, Leland will rejoin the companys research and development operation in which he has had over 15 years experience. From 1971 to 1973, he served as vice president for Electronics Systems in that operation. According to the announcement, the appointment of Dr. Leland to head the n Electronics and Systems Group is designed to strengthen Calspans position in military research and development which remains the 300-perso- companys predominant busi- ness area. Products, now in its third year, manufactures and markets a line of automatic fingerprint identification systems and radar training devices. A newly formed Compressor Division is completing development of a new line of e rotary air oil-fre- Calspan Technology What s In a Name? 9 Continued From Page Three technology and developOil Shale Corp. has ment. recently expanded into conventional oil refining and coal operations. Whats to gain by changCan a ing your name? company measure tangible effects from merely changing the shingle above the door? Its hard to tell, said Crommwell, of Energy Reserves Group, (whose initials, ERG, coincidentally, or perhaps, not so coincidentally, measure a unit of energy) will be more of the dyanmic, progressive flair. Whats really in a name? cPtiMae Its been in only the past six months a broker could give a quote on DiEnco without be- ing told Thats the old Bio-Me- d. First Lincoln Completes Stock Purchase Transaction LOS ANGELES First Lincoln Financial Corporation (OTC 3.50, 5.00) reported that it has completed two privately negotiated transactions in which it purchased a total of 386,387 shares of its common of stock, representing 14.55 its outstanding shares, for a total cash price of $1,101,203 ($2.85 per share). Of the total, 196,387 For further information please call James Barrett , Chairman. Area Code 208 356-422- 9. J First Lombard Corporation Investment Bankers Salt Lake City Idaho Falls shares were acquired from Stephen H. Crocker, a brother of Donald W. Crocker (president and chairman of the board of the corporation) and 190,000 shares were acquired from Stanford University. The shares acquired from Stanford University were previously contributed to Standford by Stephen H. Crocker. Stephen H. Crocker has had no active participation in the management of the corporation or its subsidiaries. Since the shares were purchased at substantially less than book value, the book value of the remaining shares outstanding will be increased by approximately $1.58 per share of 13. |