One of the first articles to identify Fairchild as the parent of so many spin-offs appeared in Innovation Magazine in 1969.[120] The spin-off companies, such as AMD, Intel, Intersil and restructured National Semiconductor, were different from those of the east coast and California's electronic companies established in the 1940s and 1950s. "Old Californians" like Beckman and Varian Associates did not trust Wall Street and kept control of their companies for decades, whereas the new companies of the 1960s were created for a quick (within 3–5 years) public sale of shares.