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Electronics Sector
1974
University Computing Company |
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Stock Code VM-UCC01
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7.25% subordinate debenture
for $1000, due 1995. 'Name change to Wyly Corporation' in red
overprint. Olive border with imprint of company seal.
Certificate size is
19
cm high x 23.5 cm wide (8" x 10").
About This Company |
Framed Certificate Price : £100.00
Certificate Only Price : £60.00 |
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UNFRAMED :
2. UK Shipping is included
in the price. If you are ordering from outside the UK click on the
relevant button below to include shipping to your country. Only one
shipping charge is required for unframed certificates,
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About This Company
Sam Wyly worked for five and one-half years
in computer services at IBM and Honeywell, leaving his job
as area manager to found University Computing Company (UCC)
with $1,000 capital in 1963.
UCC, a computer software and service
company, planned to grow its profits at 100% for five years.
And it did. IPO Investors in UCC in 1965 earned a 100-1
return in the next four years, a period in which the Dow
declined and bonds lost 4% per year after inflation. UCC's
original business concept - a computer utility - was badly
mangled by the advent of minicomputers in the early '70's,
but the company rebounded by becoming one of the creators of
the software products industry which, along with the
personal computer and the internet, has largely displaced
IBM, Univac, and other then dominant computer hardware
companies. Later, UCC merged into Computer Associates for
over 40% of Computer Associates stock, creating what is one
of today's four largest software companies.
source: samwyly.net |
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