During the 1960s, an upstart Minnesota company, Control Data, made an enormous impact on the computer industry with the help of a handful of engineers and executives led by William Norris and Seymour Cray. The rise of Control Data from a company selling stock at $1 a share to a multi-national firm manufacturing the world’s fastest computers is an extraordinary story in itself. But author Donald M. Hall also examines how the success of Control Data primed the pump of local investment and facilitated the flowering of a medical device industry that still flourishes in the state. He follows the careers of Norris and Cray, but also of Earl Bakken and Manny Villanova; he describes the changing world of computer sales, but also the ups and downs experienced by ordinary investors as firms producing innovative products sought out new investors willing to fund further research. It’s a brisk and fascinating read, a portrait of a heady time, with lessons for today’s investors.
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Donald M. Hall grew up in St. Cloud, Minnesota, attended St. John's University in Collegeville, Minnesota, and Marquette University in Milwaukee, graduating in 1959. He worked at Control Data before moving on to a career in the brokerage industry. Now retired, he lives with his wife, Marion, in Minneapolis.OTHER BOOKS BY AUTHOR: A Man Learns (Syren: 2005)
"A riveting narrative, deftly painted of interesting personalities, key events and how it all unfolded and continues to impact markets today. An excellent storyteller, Donald Hall brings focus, clarity, and color to a complicated subject." George Bonniwell, former president, Craig-Hallum, Inc. brokerage firm
"A very engaging, readable narrative describing an important economic development in both the region and the country." John Rollwagen, former Chairman and CEO of Cray Research
"Deeply researched . colorful . a significant contribution to Minnesota's business history." Dave Beal, retired columnist and executive business editor, St. Paul Pioneer Press
"Great job on the history of Control Data and the local market. Everybody from that period will love it." Howard O'Connell, former president and chairman of John Kinnard and Co. brokerage firm
"A magnificent piece of work. Fascinating." Norbert Berg, former deputy chairman of Control Data Corporation
"Very interesting. An excellent review of Control Data." Dick Lareau, senior partner at the Oppenheimer law firm, former director of Control Data and member of the executive committee
"A wonderful history of local commerce." Dr. Arnold Leonard, M.D., Ph.D., former head of pediatric surgery at the University of Minnesota
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