In California's burgeoning electronics industry, the news ordinarily would have gone unnoticed: Palo Alto's Allen Manufacturing Co., freshly moved into a new and larger plant, was about to be incorporated. What made this unusual was the company's president: 19-year-old Joseph Stevens Allen, who founded Allen Manufacturing at 17, has turned it into a rapidly growing firm that this year expects to do a $250,000 business, has an order backlog of $150,000. Said Steve Allen last week as he sat behind a large desk in his paneled office: "I'm trying to set aside all the traditional milestones. I'm in a big hurry...
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