Word: ampex
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Bargain Hunters. One result of this mood was a buying rush for bargain-priced shares, notably of such electronics and aerospace companies as Fairchild Hiller, Avnet, SCM and Ampex. Airlines, chemicals and drug issues spurted, many of them faster than leading industrial blue chips. Boeing (up 81 points for the week) reached a new high for the year; so did Lockheed, RCA, General Electric, IBM and Xerox. Small investors were buying strongly, but brokers also noted active trading by institutions...
...sets, is planning to expand further into the toy field. Luggage will continue to be the company's mainstay: it makes more bags than the next ten luggage manufacturers combined. Some of the pieces are not available to the public: Samsonite makes special luggage for such firms as Ampex and IBM, turns out the special navy-blue bags that all United Air Lines stewardesses are required to use. Added up, Samsonite's popularity seems to show that Jesse Shwayder's choice of names was more than a mere boast...
...going up. Manufacturers of videotape recorders reached $40 million in sales last year; the industry now stands on the verge of a vast expansion. Sales are expected to rise to $200 million within five years, and several new companies are entering the field. Last week California's Ampex Corp., which pioneered videotape recordings and still controls about two-thirds of the market, introduced a new simplified recorder that will sell for $3,950, less than half the cost of other models now available...
...less expensive recorders. Fairchild Camera & Instrument Corp. is developing a home videotape recorder that it hopes to market for $500. Sony, which already sells expensive recorders to TV stations and airlines, plans to introduce a set in the U.S. this spring that will sell for about $1,000. Both Ampex and RCA are working on home recorders of their...
Complex Experiment. The new Ampex model, while still too expensive for most families, should bring videotape recorders within the price range of most of the nation's 30,000 school districts, the second biggest potential market. In the classroom, teachers can use videotape to record important telecasts-such as Churchill's funeral or a papal coronation-and then play them back during school hours on classroom TV screens. With auxiliary cameras, some schools are already taping complex laboratory experiments, demonstrations and lectures by talented teachers, then showing them over and over again in the classroom...