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Portland-area stocks enjoyed strong first quarter
Anyone whose Christmas stocking was stuffed full of FPS Computing shares three months ago was probably not too thrilled at the time. At a dollar a share when year-end rolled around, the long-beleaguered maker of high-speed computers was at best a thrifty offering.
But time has proven it a good buy as well, riding the tide of a healthy rebound in high-tech stocks during the first quarter of 1991. News that founder Norm Winningstad has left his post as chairman of Lattice Semiconductor Corp. to tend to his oldest corporate children, helped boost the stock. FPS was selling for $3.13 a share at the end of first quarter, up a healthy 213 percent. It was by far the biggest gainer of the 52 Northwest …