Business: Arco's Big Bet

A $25 million solar gamble If you are in research and development, it's like playing poker. When you have a good hand, you have to up the ante." So says Atlantic Richfield Vice President Robert Chambers, who feels that the oil company holds some winning cards and that the pot must be hiked. The bet: a $25 million futuristic long shot on Inventor Stanford Ovshinsky, 57, the president, founder and principal stockholder of Energy Conversion Devices of Troy, Mich. Arco, which initially gave ECD $3.3 million in funding last May, now believes the company's research hi new ways of converting...

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