A surprise this morning—an e-mail from Belgium. It came from Franky Leeuwerck who offered to provide an image of a General Motors-Hughes stock certificate. I told him I was interested and he sent the image below.
He purchased this certificate on E-bay. Franky is a scripophilist—I didn’t know what that was either. A scripophilist is someone who collects and/or researches obsolete, antique, cancelled securities. His specialty is stock and bond certificates from companies that designed or manufactured computers (general purpose or industrial control computers or any digital programmable device) and this led to his interest in Hughes Aircraft. He operates his own scripophily blog at http://leeuwerck.blogspot.be/. He has compiled a collection of notes regarding the history of Hughes. These notes, while not complete, provide an outline of our history. I will call his attention to additional historical items of interest on our website.