Word: ampex
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...Hovercraft air-cushion vessel in the Western Hemisphere, and Boeing and Grumman are both experimenting with hydrofoil boats. Sperry Rand's defense engineers have produced a machine tool that is run by a computer, and Glendale's Electronic Specialty Co. is diversifying into heating and ventilating equipment. Ampex Corp. has reduced its military business from 62% of sales to 30% by bringing out a new line of hot consumer audio and video tape-recording products...
...switch, Telcan can play them back immediately or at any future time as desired. The machine can be halted during commercials, or they can be snipped out later. The neatest part of the trick is the price: under $300. The least expensive "home" TV recorder previously available is an Ampex portable unit that turns out tapes of broadcast quality but costs...
...Christmas push is on, and specialized holiday departments are already humming. Among all the Christmas catalogues descending on charge-account customers, Dallas' Neiman-Marcus last week mailed out a catalogue that, as usual, seeks to top 'em all on how to overspend. This year there is an Ampex console that contains a home TV camera, a color receiver, and a video tape recorder that stores TV films. Price...
...reading has been very good of late. Last week U.S. corporations continued to report new profit highs. Among them: Litton Industries (up 43% for the fiscal year), Procter & Gamble (up 6% for the year), CBS (up 33% for the first half), I.T. & T. (up 13% for the half) and Ampex (up 6% for the quarter...
...lateChairman Merrill Griswold and Vermont's former U.S. Senator Ralph Flanders. Doriot soon took over as president, and the company took a loss on its very first investment-a degreasing gun. It lost money consistently for the first four years. It also failed to see much future in Ampex or Varian Associates, which went on to rise high in the space...