德州仪器新闻稿，1959年4至7月

,-

I

,

'

OFFICE

OF

THE

PRESIDENT

NEWSRELEASE

R>R PUBLICATION SUNDAYA.M., APRIL 5, 1959

PIONEER DALIJ\S GEOPHYSICALLEADERAND HIS WIFE .i\iAKE$2,500,000

GIFT

~'OR EARTHSCIEN'CES CEi~TER TO l-1ASSACHUSET'IS INSTITUTE OF TECHNOLOGY

CANBRIDGE,~:aon., April

4 -- (Special)

-- Dr. Juliuo

~.ansachuoetto

of Technolocy,

announced today that

Inntitute

A. Stratton,

from Mr. and 1-iro. Cecil li. Green of Dallun,

received

Thio repreoento Inotrumcntn creation

the i~rch

in which form the gift

for the earth

ocicncen

campuo to houoe vitally

important

meteorology,

oceanography

fieldn.

and related

a oubsidiary

wan made.

It will

laboratories

a leading

of a major buildinG

for work in geophyoico.,

rr.anufocturcr

of electronic

which wao a pioneer oil

independent fieldo

Service

company to conduct reflection

and currently

of

device::; ouch oo tronniotoro

syotcmo for defcnnc., and in Chairman of Gcophynical

craph surveyo of potential

be uoed for the

olumnuo of the claso of' 1923., in a Vice Preoidcnt

Nr. Green., an l,1.I.T.

and electronic

ho.a

of $2,527,500.

Texan, a gift

through conotruction

on the M.I.T.

Texao Inotrumento.,

th e Institute

of' the

31 n,arket value of 30.,000 oharco of stock of Texao

Incorporated.,

of a center

President

operates

in 21 countries

Inc • ., oeiomo­ of the

free world. In announcing the gift.,

Dr. Stratton

" l'•c at l-1 .I.T.

the earth

greoteot

feel

technolocical

the exploration

that

challenceo.,

oaid:

ociencca

rcprcoent

comparable in importance

of space., the nearch for new waterialn.,

one of the nation•o in the next decode to

and the cou:municotionn

nciencen. "Thia magnificent

c;rant

of r,lr. and i,:ro. Green will (more)

permit a major effort

Po.cc two i:11.I.T. Gift

to be made toward a better sea and air.

All the recent

mo.thematics will

advances

of sreat

from ti1e International

to be done in undcrotandinr; that

the Soviet

actively

exploring

meteoroloe;ists,

and oceanocraphers

will

und applied

effort

In explaining

sciences

country

to maintain

greater

effort

it can bear fruit "We consider effective

enable M.I.T. on its

to build

a multi-

campus that

are now

Geologists,

chemists,

physicists,

have,

I am certain,

the ereatest

for making the gift,

impact

field

V.il'. Green said:

of science

itself,

the import!.nce force.

leaderohip

areas

with other

in these

in the race

in competition

for new knowledge,

be devoted within

theoe fields,

cf

For our nations,

we believe

it

imperative

and to center

that

effort

where

most quickly. .M.I.'1'. to be in an especially

sciences,

possesses

ouch as prospecting

with almoot explosive

so with maximum dispatch.

rnotitute

It is aloo clear

has been increasinG

contributions

~nd oupporting

much is

as a whole."

the reasons

or even to keep abreast

that

that

now be able to work side by side in baoic

which will

the all-encompassing

the earth

sciences

control.

house the laboratories

on our economy and oociety

in areas

anc1

ten years ago.

of the universe.

environment.

scientific

Today the earth

Year have made it clear

advances

of land,

chemiatry

Geophysical

the physical

\·.'i thin

phyaico,

as did electronics

of i\1r. and v.il's. Green will

which will

11

environment

advances,

the myoterieo

and weather

"The cift center

in electronics,

Union hao made notable

by gee-chemistry

story

of our physical

be brour;ht to bear on theoe problems.

stand on the threshold Results

understandinG

to our basic The earth already

favorable

position

lmowlede;e in these diDciplines sciences,

are a part

both the scholarship

and to do

ao well as a broad range of other

of M.I.T.'s

curriculum

and the leadership (more)

to make

essential

and the for this

'

..

Pace three ~-1.I. T. Gift job.

Hence it con c;o to work o.t once und \ti th promiac of truly Ho.vine devoted hi::; entire

f,;r.

Green said that

career

he and i,Irs. Green recard

at their

command to extend and enrich

practical

effort

and activity

He expressed and

graduate

study in the earth

sciences.

in these

Southern :Methodist University

1.I.T.

scientific

research

Mr. Green emphasized,

eventual

pointed

to the initial

Green is a member of the Graduate this

new center

producing

as holding

in earth area.

sciences

in

He predicted

that

field

as well as in other

broad fields

such new projects

support

to become almost immediately

Mr. Green's

of the nation

close association

from his enrollment

but his attachment

formative

in 1921.

throughout

Born in Manchester, Mr. Green studied

productive in these

stages.

with the Massachusetts He came as a student

of

In contrast,

of British (more)

emphasis and

new knowledge so and danger. Institute

from another

interest

the years following

England, and brought

at the University

of important

times of threat

was immediate and his active

and increased

of

as the SMUGraduate

has such programs in being which need only increased

to the security

for research

impact would be comparable to that

only in their

already

continued

elsewhere

study.

M.I.T.

dates

.i'-lr.

however, that

Research Center were at present

vital

such

at the new Graduate Research Center at

petroleum

sciences

and graduate

developments

He described

principal

programs in the earth

means

need of advanced studies

the Sl,m Graduate Research Center's ~1

as the most suitable

He particularly

in Dallas.

of a great

the nation's

recent

sciences

Board of Trustees.

promise for fulfillment

gift

sciences,

must be based. for other

Research Center's

their

u::;pects of the earth

the basic lmowledc;e upon which all

enthusiasm

programs being undertaken

the Southwest,

to the practical

reward inc reoul t::;. 11

of Technology country,

in the institution

has

his graduation.

up in Vancouver, British

Columbia,

Columbia.

at M.I.T.

He matriculated

Page four M.I.T. Gift

Engineering.

in Electrical

first

The keen interest

Company.

the subsequent

years

While living

in Schenectady,

Mr. Green met and married

of that

native

Together

area.

exploration

of the country,

but an enduring

ment of science

and education.

served as party

He first field

as well,

the newly-formed

there

crews sent into

many

Kansas and

in Texas,

Louisiana,

In 1935 Mr. Green became a supervisor

of seismic

exploration

exploration

the

and

were to be duplicated

parties

times as he headed other

Inc.

Service

The rough living

area of Oklahoma.

Mr. and Mrs. Green experienced

areas

in the advance­

Geophysical

seismograph

of one of the initial

in an undeveloped

which operated

working conditions

chief

of a pioneer

in many remote frontier interest,

and intensifying

1930, Mr. Green joined

In October,

Miss Ida Flansburgh,

not only the life

they have shared,

which sent them to live

in geophysical

companies.

of employment with these

during

strengthened

was

with him to M.I.T.

he brought

in research

Company,

Telegraph

Telephone & Telegraph

component of International

and manufacturing

the laboratory

engineer,

Later he worked as a research

N. Y.

Company, then with the Federal

with Faytheon Manufacturing

Department

job was with the A. C. Engineering

His first

at Schenectady,

of General Electric

degrees

and Master's

both Bachelor's

had received

in June, 1921, and, by June,1924

California.

in various

Vice President in 1955. Instruments

in the United States

locations

He also

is a Vice President

Incorporated,

and member of the Board of Directors

of which GSI became a wholly-owned a member of M.I.T.

1s

visiting

subsidiary

He concurrently

developed

head of tha t department,

a cooperative

training

(more)

of Texas in 1951.

committee for the

in 1951.

of Geology and Geophysics

Dr. Robert R. Schrock,

He was appointed

in 1950, and was named Board Chairman

of GSI in 1941, became President

Mr. Green was appointed ~epartment

and around the world.

operations

with program

'

'

.

Page five M.I.T. Gift for exploration

geophysicists.

This program annually

selected

students

intensive

orientation

practical

summer work with GSI seismic

cooperators

from as many as eighteen in applied

in this

geophysics

field

there

engineering

attainment

for highest

interest,

annually

M.I.T.,

Partners

and

companies. Mr. Green in 1953 was

by the Colorado School of Mines.

to the graduating

in scholastic

with an

and three months of

of education,

awarded an honorary degree of Doctor of Engineering

carefully

parties.

of the major oil

of his work in the field

A gold medal presented

including

through lectures

and gravity

endeavor are several

In recognition

schools,

has provided

senior

in geophysical

achievement,

personality,

and

activities

is indicated

by his

is known as the Cecil H. Green medal. Mr. Green's

service

further

as a trustee

interest

in educational

and member of the Executive

for Boys in Dallas,

to which he recently

and by his activity

as a co-founder

Committee of St. Mark's School

was co-donor of a new Science Building,

and trustee

of the SMUGraduate Research

Center. He is an honorary member and past President Geophysicists

and a member of other

leading

of the Society

Geological

For some time he has been a member of the nominating and in June, 1958, was elected

Alumni Association, Corporation.

In addition

Department of Electrical

Engineering.

In their

regarding

statement

and Geophysical

he serves

the gift

Societies.

committee of the M.I.T. a term member of the M.I.T.

to his membership on the Industry

the Geology and Geophysics Department,

of Exploration

Visiting

on a similar

to M.I.T.,

Committee of

committee for the

Mr. and Mrs. Green

concluded: "We feel eminently

fitting

that that

it is a sound investment. some of the fruits

We also feel

of the technical (more)

that

it is

and scientific

labors

Page six M.I.T. Gift a scientific

should be put back to work in so outstanding

of TI-GSI operations institution."

"We at M.I.T.

commented:

Dr. Stratton

and research

of instruction

"Modern science,

and oceanogra .phy," said Dr. Stratton.

of the earth,

the surface

"What is underneath

has

on the atom and space,

centered

meteorology

the gee-sciences,

neglected

so badly needed by the nation."

in the geo-sciences

with interest

programs

present

to broaden and develop its

enable M.I.T.

This will

sciences.

earth

for the

a center

in establishing

vision

of Mr. and Mrs. Green in us and for their

for the confidence

are deeply grateful

what goes on under the oceans,

how mountains are formed, and how the atmosphere works, are some of the questions hope to answer in the future.

scientists

earth

with meteorologists

together

every segment of the nation's

in nature.

of mineral

of our mineral

Exploitation

speculation.

and better

exploration

sciences

ever since

understanding

its

founding

William Barton Rogers, was the country's first

nation's

course in meteorology

for many years has cooperated sharing

staff, Its

Doctorates

students,

students

resources

the cycle of water are no longer

control

depends on new techniques deposits

are formed."

educational

institutions

in

first

president,

in 1861.

outstanding

Its

geologist

was given at M.I.T.

of his day. The

in 1928.

with the Woods Hole Oceanographic

and technical

are drawn from all

supplies

of how mineral

among the nation's

M.I.T. has been a leader the earth

scale weather

aid

will

adequate

To assure

we must understand

and large

Extended prediction

value of such studies

and defense.

welfare

water needed by expanding cities

of fresh

idle

"The practical

today geologists,

that

must work in close harmony."

and the oceanographers,

continued:

Dr. Stratton

It is clear

The Institute

Institution,

problems. over the world.

in Geology each year are won by Canadians. (more)

One-third

of its

It has pioneered

many

Page seven M.I.T. Gift new educational

training

summer and cooperative

programs in the field

developments in all fields

establishing long-range research

structure geological

forecasts, :facilities

of the earth sciences, of matter,

and with industry.

including

the use of radicactive

new understandings materials

for

age, and the use of high speed computers to make with the distinct

applicable

possibilities

to the earth sciences

all kinds of high speed computers, dynamics, acoustics,

such aR

in the past few years have come startling

Out of M.I.T. laboratories

of crystalline

in Geology and Geophysics,

methods of instruction

and outstanding

and electronics.

-30-

of weather control. include a nuclear laboratories

Its

reactor,

of hydro­

.~

·~ _.) :;_,

,. -~,.. ,,

I:l~tii1!t:{ : : t.,· 1 h0;"':-• ,!•1•~:

f .• l • ····:/: .. ·.,t) c'~;·:,!! ~-i-:..,

Don Maclver T E XAS

INSTR

IN

NEWS

CO

RP

O

FOR

RELEASE

AT TEXAS

PROFESSORS

April

8 - - (Special)

its plants

and laboratories

colleges

--

so they

Up-to-date

gained

to better

The

-day

three

The

and mathematics Institute

Tulane

University

days

Ohio

College

TEXAS

from

State

North

Georgia , Mississippi

Louisiana

to 45 professors

from

26 top

. and processes

TI 1 s staff

from

will

for

places

toward

upgrading

which

University College,

State (more)

Texas

the practical

, chemistry included

of Michigan

of Arizona,

University

, Purdue

University,

University

Oklahoma

State

, Kansas

, physics

,

Massachusetts

of Illinois,

University

enable

education.

State , University

, University

series

both

engineering

schools,

of

in industry.

one of a continuing

and technological

State

'rs'

in the

techniques,

the electrical

Tech,

used

and production

was

University

recently

of the

seminar

Carolina

IN DALLAS

discussions

own students

of their

RELEASE

UP-DATING

by 'instructo

their

of scientific

came

of Arkansas,

9,

, CAB L E, TEX I NS

of round-table

developments

departments

Un i versity, State

three

equip

again

the visitors

as a contribution

of Technology,

of Colorado,

DALLAS

Incorporated

developments

engineers.

from

standards

educators

once

and

technical

sponsors

and theoretical

as host

supplied

advanced

educators

Instruments

Iowa

was

scientists

most

classrooms

on trends,

1,000

industry's

for

Instruments

information

more

,

IMMEDIATE

SEMINAR

• - Texas

be "students"

industry

AVENUE

, P . 0 . BO X 7045

ELECTRONICS

TECHNICAL

could

electronics

Knowledge

GIVEN

INSTRUMENTS

DALLAS,

than

LEMMON

FLEET W OOD 7 - 5411

RATED

45 COLLEGE

the

6000

U M E NTS

of Cincinnati,

University,

State

College

,

Page two 45 college

professors

Louisiana

Polytechnic

Institute

, Texas

Southern

A & M , Univ e rs i ty of Houston, State

University

of Technology,

College

Method

i st University,

Texas

Tech , Lamar

of Texas

, Oklahoma

University,

and

Texas

College

was

a tour

of the new Semiconductor-Components

div i s i on plant devices

sessions

of the

One highlight

.

as transistors

such

silicon

crystals,

basic

and

inspected

new

TI developed

electromechanical

the y heard

materials,

solid

Also

included

in the

in Houston

where

physics,

transistors

military

Central

Research

in the

earth

sciences,

research

systems

and devices.

data

geophysical

exploration

equipment

is made , and

on Geophysical

subsidiary

which

contractor

with

Service

foremost

in 21 countries

• 30-

company's

on the

and industrial Inc . , the

Texas

independent

geophysical

of the free

world

.

.

and

electronic

and at the

on current

precision

operations

test

viewed

presentations

is the world's

devices,

automatically

were

seminar

semiconductor

which

manufactured,

discussions

Laboratory

they

plant being

equipment

state

machines

division

At TI' s Apparatus

in making

used

materials

and

germanium

grow

machines

TI-built

saw

they

There

of semiconductor

to the manufacture

devoted

largest

world's

• -the

Industries.

and

of Arts

data

operations handling

Instruments exploration

Don Maciver 6 0 00

I NSTRUMENTS

TEXAS

O

INCORP

CORPORATION

(Special)

-- The merger

15 --

April

Attleboro,

Massachusetts,

a week

within

announced

that holders

Board

Chairman

Erik

shares

of common

stock

corporation

To effectuate

the merger,

shares

of authorized

4,000,000

to 6,000,000

and an increase

Cumulative

Preferred

Stock from

4% Cumulative

Preferred

in favor

an d

opposing. of each

shares

stockholders

of shares

approved Stock

an

from

of the company's

to 750,000. to receive

elect

or a combination Series

Common

of the company's

of the number

300,000

could

Stock,

cent

10 with holders

voting

outstanding

stock

T e xas Instruments

of the number

Stock

holders

while

the proposal.

to adopt

Common

on April

of the outstanding

of two-thirds

was required

M& C stockholders

of the merger

of common

of one per

two-tenths

increase

Instruments

approval

had voted

by hol d ers

of the merger

opposed.

shares

925, 167 shares

of approximately

of 84. 38% of the

in favor

voted

outstanding

at an

by TI stockholders

today

d to

is expecte

of Dallas

Incorporated

of

Corporation

& Controls

of Metals

Jonsson

meeting.

M&C stockholders

COMP A NY

taken

and special

of . 083% of the outstanding

INTO DALLAS-BASED

of action

annual

Approval

RELEASE

TO MERGER

as a result

effective

of 90% of the company's

TEXAS

9,

5 , CA B LE , T EX I NS

APPROVAL

Instruments

into Texas

become

holders

704

GIVE FINAL

STOCKHOLDERS

& CONTROLS

DALLAS,

3,256,988

D A L LA S

, P . 0 . BOX

FOR IMMEDIATE

INSTRUMENTS

OF METALS

AV E N UE ,

7 - 5411

RATED

NEWS RELEASE

TEXAS

LE MM O N

F L EETWOOD

either

of 8/ l0ths

1959 ($25 par

(more)

3/ 4ths

of a share value),

of a share

of Texas

of Texas

Instruments

and 4/ l0ths

of a share

of

page final

2 approval

Texas

to merger

Instruments

Common

Stock

Common held.

O. 3125 shares

Stock

Each

share

of TI Common

In accordance

in exchange

for each

of the TI Preferred

share

Stock

of Metals

will be convertible

at any time

prior

to May

with such

election,

Texas

Instruments

of its

Common

Stock

Series

1959 ($25 par

value),

131,374

and

shares

for the 925,167

of its

shares

into

1, 1969.

Stock

shares

& Controls

will issue

636, 398

Preferred

Stock,

Cumulative

of Metals

& Controls

Common

Stock. TI President made

an operating

E. Haggerty

Patrick

division

of Texas

Metals

& Controls

told the stockholders

Instruments

that

M&C will be

to be known

as the Metals

to the merged

company

& Controls

division. He said years

of experience

and sale

of clad

industries,

in fabricating

metal

metals.

and sale

appliance

and motor

fuel elements

and cores

to the government

subsidiary,

diversification

M&C Nuclear,

fuel manufacturer,

also

3,500

control

uses,

Inc.,

the nation's

places

Texas

and had

J958 sales

an d other

and sale

of nuclear

customers.

Thus

the merger

lines

through

M&C' s

product first

and,

and largest

and. office

of $47,147,607

jewelry

and the pro.:i.uction

facilities

p e rsons

is the fabrication

for industrial

an J. n :ain production

sq ft of manufacturing

42

than

controls

in the nuclear

500,000

of overseas

nuclear,

Instruments

than

operations

business

more

and electrical

and other

to TI' s present

M& C's hea c.lquarters has more

principal

of thermostatic

anJ. electrical

provi d e further

M&C's

for use by the electrical,

products

the manufacture

will bring

space.

and net income

privatelyfuel are

•owned

will

nuclear

industry.

in Attleboro

It employs

where

approximately

of $2,275,807,

including

subsidiaries.

Te x as Instruments

is a leading

manufacturer (rr:ore)

of serr ,icon -::t uctor

it

devices

such

.

. page 3 final approval

to merger

as the transistor

and of electronic

instruments

for the government

independent

contractor

TI' s 1958 sales mately

8,000

totaled

$91,953,

as President

the Board;

Eugene

President;

Cecil

C. J.

exploration

apparatus

and

is the world's

to the petroleum

of '$6,000,928.

of Texas

Instruments

were

was

Thomsen

who has been

on leave

& Controls.

Directors

Erik

Chairman

of the Executive

C. J.

of Metals McDermott,

F. J.

Chairman

Agnich,

of the Board,

President,

Jordan

and Harrison,

Ewen

C. MacVeagh,

Partner,

Davis

firm;

and Lloyd

V. Berkner,

of President At a Board

all present

It also

services

845 with net income

Stevenson,

member

industries.

Directors

H. Green,

Thomsen,

Partner,

systems,

foremost industry.

It employs

approxi­

persons.

Also elected

serving

and civilian

of geophysical

All present holders.

and electromechanical

officers

of absence Jonsson, P.

Service Inc.;

E.

Sunderland

&: Kiendl,

Associated

Universities,

Inc.,

Advisory

of Directors

meeting

which

were

TI,

Chairman

of

Inc.; G. Ackerman, firm;

New York law New York,

Committee. followed

re-elected.

• 30 -

from

E. Haggerty,

consulting

Wardwell

Science

Instruments

Service

New York management

Eisenhower's

of Texas

by the stock­

Committee;

Geophysical

Geophysical

Polk

President,

are

re-elected

the stockholders

meeting,

and

Don Maclver

7 - 5411

FLEETWOOD

TEXAS 9, , CABLE , TEX I NS

DALLAS

,

AVENUE

L EMMON

60 0 0

I NSTRUMENTS

TEXAS

7045

, P . 0 . BOX

INCORPORATED

TEXAS i\RE

April

DALLAS,

earnings

for the first

Company's

history

and that

sales

sales

totaled

$2, 400, 000,

or 74,/; per

outstanding.

These

totaled

$27,897,000,

common

stock.

the merger

will become

quarter

of 1958.

1958 was the previous

record

quarter

share

fromthe

which

approval

gave

were

after

quarter. totaled

taxes

shares

of 3,256,988

and

of $20,480,000 Thus

which share

or 74r/:, per

to the merger

up

were

sales

for sales,

$2,408,000,

at the meeting

in the

of

of Metals and

of Attleboro,

Massachusetts,

into Texas

Instruments

effective

in approximately

one week.

M & C stockholders

C.

or 63r/:. per

on the basis

first

M & C President sales

stock

stock.

on April

first-quarter

in any previous

and

sales

quarter

for any first

of common

the merger

approved

that

share

and earnings,

Corporation

today

sales

The TI stockholders Controls

meeting

first-quarter

or 34,/; per

Fourth-quarter

annual

1958'~

up 116.4%

and earnings

46.5%

Texas

$29, 993, 000 and earnings

with

compare

of $1,109,000,

earnings

told

than

higher

were

of common

share

Haggerty

the highest

of 1959 were

quarter

First-quarter

at their

stockholders

Incorporated

Instruments

E.

Patrick

15--(Special)--President

LEVEL

RECORD

PREVIOUS

APPROXIMATE

EARNINGS

IN HISTORY,

HIGHEST

SALES

FIRST-QUARTER

STOCKHOLDERS

TELLS

PRESIDENT

INSTRUMENTS

RELEASE

IMMEDIATE

FOR

NEWS RELEASE

FINANCIAL

J.

10. previously

had announced

that

were

$12,738,000

and $583,000,

respectively,

of 925, 167 shares

outstanding.

and earnings of common

M & C's

Thomsen

stock

on the basis (more)

&:

page two TI president

reports

TI President of Texas

sales

taxes,

including

overseas

combined

earnings

are

after

earnings

These

131,374

issued

to M & C stockholders

Texas

respectively,

$6,000,928, had

sales

Instruments

1958 sales

$42,731,000

and their

would

to receive

of TI common

share

of shares

be the number

1959,

Series

Stock, such

combined

$2,983,000.

totaled

Preferred

including

preferred

stock,

stock

outstanding to be were

Stock.

into TI Common

converted

electing

quarter,

to 76,t. per

equivalent

of TI 4% Cumulative

shares

if the

for the first

operations,

which

shares,

of 3,934,441

on the basis

totaled

companies,

of both

operations

the overseas

& Controls

and Metals

Instruments

the combined

that

meeting

at the stockholders'

noted

Haggerty

or $1. 84 per

of $47,148,607

for

and earnings share

and earnings

$91, 953, 845 and

1958 were of common

stock.

Metals

& Controls

:espectively,

of $2,275,807,

including

operations

of overseas

subsidiaries,

or $2. 46 per

NOTE

See attached

statement

of TI first-quarter

sales

share

of common

and earnings.

stock.

page three TI president

reports

INCORPORATED TEXAS INSTRUMENTS EARNINGS FIRST QUARTER ESTIMATED

per common Earned before preferred per common Earned after preferred Sales Net Profit Net Profit Number

share dividends share dividends

before income taxes after income taxes of common

shares

1957

1958

1959

• 74

$

• 74

$

.34 .34

$

. 26 . 25

29,993,000 5,150,000 2,400,000

20,480,000 2,154,000 1,109,000

15,252,000 1,553,000 790,000

3,256,988

3,256,988

3,008,275

-30-

:Con Maciver

I

& CONTROLS

OF METALS

April

DALLAS,

Friday,

voted

into Texas

TI announced

today.

Shareholders

of Texas

shares

and 131,374 ($25 par

value),

common

stock. The additional Stock

be exchanged

for Texas

New York

agent

shares

Instruments Company,

for TI common

It is planned

Metals

not to list

50 Church

St.,

1959

Series

of Metals

stock

stock

of its common Stock,

Preferred

certificates

at the stockholders

& Controls

636, 399 shares

& Controls

effective

10.

on April

of Tl common

EFFECTIVE

became

the merger

15, and Metals

for the 925, 167 shares

Exchange.

the New York

& Transfer

approved

of its 4% Cumulative

in exchange

Registrar

Instruments

will issue

Instruments

Texas

Incorporated

at the M&C meeting

approval

their

Instruments

& Controls

have

been

listed

with

stock

certificates

may

beginning

Monday

New York

7, N.

at Y.,

the

stock. the TI preferred

-30-

E

Corporation

& Controls

of Metals

April

on Wednesday,

meeting

annual

RELEAS

S BECOMES

INSTRUMENT

INTO TEXAS

18--(Special}--Merger

Mass.,

of Attleboro,

, CABLE , TEXINS

FOR IMMEDIATE

NEWS RELEASE

MERGER

T E XAS

9 ,

DALLAS

, P . 0 . BO X 7045

7 - 5411

R A TEO

O

RP

NCO

FLEETWOOD

,

AVENUE

LEMMON

6000

I NS TR U M E NTS

T EX AS

shares

on the E x change.

Don Maciver DALLAS

AVENUE, LEMMON P . 0 . Box 7 - 5411,

6000

INSTRUMENTS

TEXAS

TEXAS

9,

, CABLE , TEXINS

7045

FLEETWOOD

INCORPORATED

FOR RELE A SE MONDAY, AND THEREAFTER

NE WS RELEASE

ACTIVITY,

PETROLEUM

EXPLORATION

• Texas

Instruments

Incorporated

has formed

a

as a TI

E.

Haggerty

announced

of Cecil

H. Green

as

Patrick

President

to head the new division,

President

J. Agnich

Fred

and elected

division

and Instrumentation

GeoSciences Vice

20 - (Special)

April

DALLAS,

1959

AGE

SPACE-MISSILE

FOR EXPANDED

20,

DIVISION

AND INSTRUMENTATION

GEOSCIENCES

FORMS

TEXAS INSTRUMENTS

APRIL

today. Mr.

pertaining

matters

of Texas

subsidiary

exploration

Green

Mr.

to the geosciences.

of the Board

of Directors

Instruments

Incorporated

as well as a Director

said,

would strengthen

effort

and expanded

Texas activity

in both petroleum

manufacturing.

He said it also

advantage