Word: ampex
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...busiest TV performers during the strike against the networks has been the Ampex Corp. of Redwood City, Calif. As the supplier of 75% of the complex electronic equipment used in television production, Ampex accounts for most of the video tape recorders that are now working overtime, unreeling reruns while live stars man the picket lines...
...outnumbered the declines, and many a stock in the course of the week hit a new high, not merely for 1967 but for 1966 as well. Blue chips Du Pont, Bethlehem Steel, Procter & Gamble and even beleaguered A.T. & T. went up; so did glamor stocks Itek, Scientific Data and Ampex. Where there were big drops, there was an obvious reason. American Broadcasting Co. fell 141 points following an announcement in Washington by the Justice Department that it would oppose the merger of ABC and International Telephone & Telegraph (ITT, on the other hand, finished the week 1 point ahead...
First on the market is Sony, whose compact, low-cost ($1,345) Videocorder, available since September, has already sold more than 1,000 units. In June, Ampex will introduce its $1,675 home video tape recorder. Fairchild Camera & Instrument Corp. and RCA are working on models that they hope will eventually retail for around...
Imported Mountaineers. To staff its mills in Chicago and Gary, where the labor market is at its tightest, U.S. Steel announced last week that it would try to recruit 1,000 workers in Pittsburgh. According to San Francisco's Ampex, the necessity of looking farther afield for technicians has increased its recruiting costs from $3,000 to nearly...
...Poor's index of low-priced stocks (less than $20) have jumped 39% above, their midyear lows. The most vigorously traded stocks lately have been highly speculative issues that have climbed spectacularly from their lows earlier this year. Among them, Transitron is up from 5 to 12⅛, Ampex from 13⅜ to 26⅜, Fairchild Hiller from 7 to 21, and SCM from...