Buying Fairchild By Charlie Sporck

"The company was still doing about $500 million a year in sales," recalls Charlie Sporck, CEO of National at that time, in his book SPINOFF, "we sold the Fairchild Korea property for $15 million, we sold the R&D facility for $15 million. We got $10 million for Fairchild's operations in Brazil and we sold the rights to Fairchild's microprocessor for another $10 million. Then we sold the memory plant in the state of Washington for $100 million. A decade later we sold the transistor and logic business for $500 million."