Transitron Electronic Corporation
Original stock certificate
Early electronics transistor company (read more below)
Massachusetts
Printed signatures of brother-founders: Joe Bakalar as Treasurer and David Bakalar as President
Attractive certificate with beautiful vignette
David Bakalar was a physicist before becoming a sculptor. With degrees from Harvard University and Massachusetts Institute of Technology, science influences his creation process. Founder of Transitron Electronic Corporation, his work specialized in transistor design and manufacturing, his tenure lasted thirty years before devoting himself to sculpture. - Wikipedia
More information on Transitron Electronics
The Transitron Electronic Corporation (hereafter referred to as ‘Transitron'), began as a small venture firm in 1952 and found their early success in making mil-spec higher voltage 'gold-bonded' diodes. No doubt having secured the Western Electric transistor license they started into the semiconductor market sometime in 1953. By late 1954 Transitron had secured cross-licensing approval with several larger manufacturers and was producing the more common junction types: the 2N34 (RCA), the 2N43 (GE) and the 2N65 (Ray.). One of the keys to Transitron's early product expansion was a sizable investment in R&D, including a large staff of scientists and engineers. Their successful work on silicon diodes and rectifiers well prepared the company to move into silicon transistor manufacturing, following close behind T.I. in this field. - Information from semiconductormuseum.com
Even more information on Transitron Electronics
In the days when electronics stocks were glamorous, few were more so than Transitron Electronic Corp. of Wakefield, Mass. Its stock went from 36 to 60 in six months, and its sales from $7.4 million to $47 million between 1956 and 1960. But when electronics dipped in mid-1961, partly because of fast-rising imports, none felt the shake-out so sharply as Transitron (which closed last week at 7⅜). And nobody had more trouble than its enterprising brother-founders, David and Leo Bakalar.
Transitron stockholders, including five mutual funds, filed federal suits against the Bakalars. who made a personal profit of $56 million by selling off 30% of their stock. The charge: Transitron registration statements had contained false or misleading information or significant omissions about sales, inventories, plant values and patent rights. Though they denied the charges, the Bakalars nevertheless agreed to an out-of-court settlement unique in financial history.
Under terms approved last week by Boston Federal District Judge Charles E. Wyzanski Jr., the brothers will put up $5,300,000. Of that the five mutuals, who claim $4.000,000 losses on Transitron. would be reimbursed for litigation costs up to $300,000. The remaining money would be split among them and individual stockholders who held Transitron between December 1959 and February 1962. Either the Bakalars or the plaintiffs may yet back out, but the settlement could actually be a saving for Transitron: in return, Judge Wyzanski granted the brothers an order barring similar suits against their now sagging company, which has lost $2,000,000 in the past two years. - Time Magazine, Feb. 1 1963, "Corporations: The Bakalars Pay Up"
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