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BUSINESS
July 1, 1998 | Dow Jones
Ampex Corp. said it has agreed to acquire Irvine-based MicroNet Technology Inc. for 700,000 shares, $3.5 million in preferred stock and $6 million in debt. MicroNet, which had 1997 revenue of $30 million, designs and makes disk arrays for digital image applications. Ampex, based in Redwood City, makes, markets and distributes devices for magnetic recording, image processing and digital storage.
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BUSINESS
November 30, 2004 | From Bloomberg News
Sony Corp. agreed Monday to pay at least $40 million to Ampex Corp. to resolve a dispute over patents related to digital cameras, sending Ampex shares soaring 90%, their biggest one-day jump ever. Sony, the world's No. 2 consumer-electronics maker, will get a license to use Ampex technology through April 2006 and agreed to pay royalties thereafter for digital videotape recorders and digital still cameras that use Ampex inventions. Ampex, a Redwood City, Calif.
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BUSINESS
November 30, 2004 | From Bloomberg News
Sony Corp. agreed Monday to pay at least $40 million to Ampex Corp. to resolve a dispute over patents related to digital cameras, sending Ampex shares soaring 90%, their biggest one-day jump ever. Sony, the world's No. 2 consumer-electronics maker, will get a license to use Ampex technology through April 2006 and agreed to pay royalties thereafter for digital videotape recorders and digital still cameras that use Ampex inventions. Ampex, a Redwood City, Calif.
BUSINESS
July 1, 1998 | Dow Jones
Ampex Corp. said it has agreed to acquire Irvine-based MicroNet Technology Inc. for 700,000 shares, $3.5 million in preferred stock and $6 million in debt. MicroNet, which had 1997 revenue of $30 million, designs and makes disk arrays for digital image applications. Ampex, based in Redwood City, makes, markets and distributes devices for magnetic recording, image processing and digital storage.
NEWS
April 6, 1986
Ampex Corp., a division of Allied-Signal, has leased a build-to-suit, 24,000-square-foot facility at 340 Parkside Drive in Parkside Industrial Park in San Fernando. The electronics firm has been located in Glendale for 20 years.
BUSINESS
April 7, 1987
The Morris Township, N.J.-based company said it will sell the electronics businesses for $479 million to Lanesborough Corp., a privately held chemical concern. Redwood City, Calif.-based Ampex Corp., makes audio-visual equipment, systems and magnetic tape for the broadcasting industry. The sale is expected to be closed by the end of May.
BUSINESS
December 10, 1986
The Morris Township, N.J.-based company said it is selling off the units that comprise its electronics and instrumentation sector so that it can focus on its automotive, aerospace and engineered materials businesses. A spokesman said the company hopes to get about $1.5 billion by selling: Ampex Corp., Amphenol Products, Linotype Group and the Engineered Components Group businesses, including MPB Corp., Neptune International and Sigma Instrument.
BUSINESS
June 19, 1997 | (Bloomberg News)
Ampex Corp. lost an $8.1-million jury award after a federal judge ruled that Tokyo-based Mitsubishi Electric Corp. hadn't infringed a patent used to make a type of TV receiver. U.S. District Judge Roderick McKelvie ruled that Redwood City-based Ampex couldn't claim violation of a patent involving the ability to televise a second picture onto TV sets, because the electronics company had surrendered any rights to the technology at issue.
BUSINESS
April 6, 1988
Xytronyx Inc., a San Diego biotechnology product development company, has appointed H. F. Nelson as vice president-finance. He was formerly with Ampex Corp. and its parent company, Signal Cos., where he served as treasurer and assistant treasurer respectively. He replaces John Freeman, who recently resigned to pursue his career with an insurance firm.
BUSINESS
June 19, 1997 | (Bloomberg News)
Ampex Corp. lost an $8.1-million jury award after a federal judge ruled that Tokyo-based Mitsubishi Electric Corp. hadn't infringed a patent used to make a type of TV receiver. U.S. District Judge Roderick McKelvie ruled that Redwood City-based Ampex couldn't claim violation of a patent involving the ability to televise a second picture onto TV sets, because the electronics company had surrendered any rights to the technology at issue.
BUSINESS
April 7, 1987
The Morris Township, N.J.-based company said it will sell the electronics businesses for $479 million to Lanesborough Corp., a privately held chemical concern. Redwood City, Calif.-based Ampex Corp., makes audio-visual equipment, systems and magnetic tape for the broadcasting industry. The sale is expected to be closed by the end of May.
BUSINESS
December 10, 1986
The Morris Township, N.J.-based company said it is selling off the units that comprise its electronics and instrumentation sector so that it can focus on its automotive, aerospace and engineered materials businesses. A spokesman said the company hopes to get about $1.5 billion by selling: Ampex Corp., Amphenol Products, Linotype Group and the Engineered Components Group businesses, including MPB Corp., Neptune International and Sigma Instrument.
NEWS
April 6, 1986
Ampex Corp., a division of Allied-Signal, has leased a build-to-suit, 24,000-square-foot facility at 340 Parkside Drive in Parkside Industrial Park in San Fernando. The electronics firm has been located in Glendale for 20 years.
BUSINESS
September 17, 1986
Roy H. Ekrom, 57, has been named president and chief executive of Garrett Corp., Los Angeles. He succeeds John A. Teske, 60, who is taking early retirement as of Oct. 1. Teske, a 31-year employee of the aerospace firm, had been chairman and chief executive since January, 1985. Ekrom had been president and chief executive of Ampex Corp., like Garrett a unit of Allied-Signal Inc.
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