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Show The National Enterprise , December 7, 1976 Page three Rapidata Announces Reduction in Storage Prices FAIRFIELD, N.J. Rapidata Inc. (OTC 1.75, 2.125), a remote access computer service company, said effective Dec. 1, the cost of storing all data, non-executab- storage units above 50 units per file will be priced at 10 cents per unit (each storage unit is composed of one thousand characters). Also effective Dec. 1, an le accessible through Rapidata's DBMS-1- 0 data base management system will be reduced 50 percent. Rapidata said with this reduction, it provides one of the lowest data base storage pricing available from the major timesharing vendors. The company said all e data base on-lin- across-the-boar- d storage discount ranging from 10 percent to 50 percent of a customer's total storage bill will be available on all Rapidten and Honeywell systems based upon a one-yeagreement and number of storage e units committed for all files associated with a customer's application. on-lin- e ar on-lin- Mergers Slow WASHINGTON D.C. The or 76 largest proportion of the acquisitions percent and mergers occuring in 1975 involved small companies with assets of under $1 million, according to an annual Federal Trade Commission report. These small firms were, for the most part, taken over by large firms with assets of at least SI 00 million, which were the acquiring companies in 42 percent of the mergers in 197s the report said. These --News figures were slightly below those for 1974. The FTC account revealed that merger activity continued to decline in 1975, as it had in 1974, both years of slumping economic activity and low stock prices. There were 1,228 corporate link-up- s last year, down nearly 32 percent from a revised 1,805 in 1974. Mergers in 1974 were down 38 percent from 1973. Briefs Heist ar, Inc. OTC .25, .501 will vote at its annual meeting in Pocatello, Idaho. Dec. 20 to change the companys name to Fargo Capital Corp. and change the par value of the common stock from 30 cents per share to no par value. The adoption of the stock resolution, transferring certain balances in the "common stock" account to the "paid in surplus account will result in the allocation of certain funds which may. at the discretion of the board, be lawfully utilized under Idaho corporation law for the payment of dividends to shareholders, according to vice president Howard E. Parkinson. Augment your income with our organization (without leaving yours). Tcjas Gas Corp. (OTC 8.75, 9.25) said it wont "under any circumstances" extend the expiration date of its offer to buy its outstanding 329,000 common stock purchase warrants. The company said the warrants expire Dec. 31 and arc exercisable at $9.50 a share. - v 'v . Alpha Group Ltd. is a newly formed national marketing network dealing in OTC financial PR advertising. We are currently selecting regional representatives who can-- in a few hours a month-augmtheir current annual income by as much as ent I $10,000. If you are a savvy, PR oriented broker, you can work with us while making your regular corporate contacts. Our proposition is solid, lucrative, and worth your investigation. Im Raymond Peterson. Call me collect at (801) Youll find the details attractive. 533-055- flPtlfl OOP Salt Lake City Denver BD. 6. Ladies Home Journal, published by a unit of Dttwne Communications OTC 1.625. 1.875 said it will raise advertising rates effective with the March 1977 issue. The magazine said a four-colo- r page will be 7 black and white a raised percent to $32,890 and page will he raised 8.3 percent to $25. 990. Rates for its prime showcase edition will be raised 5 percent. Howell Corp. (OTC) said it will purchase about . 100.000 shares of its common on the open market or in private transactions beginning immediately and terminating no later than May 31. Howell currently has about 4 million shares outstanding. It said the repurchased shares will be returned to the Treasury. Inc. OTC 3.50, 4.00 ) intends to tender Jbr all its outstanding publicly owned shares at $4.50 a share in cash. The company said the offer will be subject to several conditions, including the receipt of at least one third of the about 300. 000 shares held by the public. Announcement of the actual offer is expected in about 10 days, the company said. Other details were not given. Arpeja-Californi- a Elba Systems Corp. (OTC 1.50, 1.875), a Denver based company now in liquidation, said it had received $1,724,700 cash as a refund of past federal income tax paid by the company. E. L. Barrett, chairman, said the board approved the payment of substantially all of these funds to Elba's stockholders as a liquidating distribution. While no date for such payment has been selected, it is expected to occur in early January. Pending such distribution, the funds will be invested in U.S. Treasury bills, Barrett said. International Dairy Queen Inc. OTC 1.75, 2. 125 approved the purchase of up to 250,000 shares of the company's common stock in the open market and private transactions. The shares will be used for the company's stock option plan. National Computer Systems (OTC 11.00, 12.00) said it declared a stock split of common in the form of a 50 percent stock dividend payable Jan. 4, to shareholders of record Dec. 3. -2 |
