Parenthetically, as the Lucent Corporation (parent to old Bell
Labs) hits all time highs at prices near $102 per share, Brinker,
who has for a long while publicly favored the spun-off Lucent
over its crest-fallen parent AT&T, noted Sunday, as an aside,
his own cost basis of $13 for the company which invented the
transistor and started this semiconductor revolution.**
Not too shabby a return on investment, Mr. Brinker.
** From the Bell Labs' webpage is extracted this historical precis
of an extraordinary company:
(Bell Labs) is the birthplace of the transistor, laser, solar cell,
light-emitting diode, digital switching, communications satellite,
electrical digital computer, cellular mobile radio, long-distance
TV transmission, artificial larynx, sound motion pictures, and
stereo recording as well as many major contributions to the
telecommunications network. It has received more than 26,000
patents, averaging one per day since its founding in 1925.
Seven Bell Labs scientists have received the Nobel Prize in
Physics...
The amazing achievements of Bell Labs are doubtless an astonishing
testimony to the inventive genius of the American mind, Art Bell's
speculation that Bell Labs is the beneficial recipient of extra-
terrestrial technology, notwithstanding. |
