Bob E.
Well-Known Member
It's sad to me when an icon and pioneer in an industry like this is on the skids, but I guess it happens to them all sooner or later...
Last week, the Ampex corporation filed for Chapter 11 bankruptcy protection, and its shares are hovering around 40 cents. At one time, they had around 12,000 employees, currently they are just over 100.
For those too young to remember the name, Ampex was a very early pioneer in the field of magnetic tape recording of all types (audio, video and data) and was responsible for a lot of advances in the field, and many firsts. Bing Crosby was an early adopter, investor and promoter, and appeared in some of their print ads in the 50's. Les Paul (one of the "fathers" of the electric guitar and inventor of over-dub recording as a studio technique) was an early innovator who was given a tape recorder by Bing and then proceeded to modify it with an extra playback/record head to experiment with his idea for playing guitar with himself. There was a great picture in today's San Jose Mercury News that showed one of the first efforts at a video recorder, it was larger than a washing machine! You can see a slightly different image here:
www.retrothing.com/2005/10/the_worlds_firs.html
The big "Ampex" sign is still prominently visible from 101 on the way up to San Francisco, but I'm sure I'll be viewing it with a nostalgic sigh next time I see it.
--Bob
Last week, the Ampex corporation filed for Chapter 11 bankruptcy protection, and its shares are hovering around 40 cents. At one time, they had around 12,000 employees, currently they are just over 100.
For those too young to remember the name, Ampex was a very early pioneer in the field of magnetic tape recording of all types (audio, video and data) and was responsible for a lot of advances in the field, and many firsts. Bing Crosby was an early adopter, investor and promoter, and appeared in some of their print ads in the 50's. Les Paul (one of the "fathers" of the electric guitar and inventor of over-dub recording as a studio technique) was an early innovator who was given a tape recorder by Bing and then proceeded to modify it with an extra playback/record head to experiment with his idea for playing guitar with himself. There was a great picture in today's San Jose Mercury News that showed one of the first efforts at a video recorder, it was larger than a washing machine! You can see a slightly different image here:
www.retrothing.com/2005/10/the_worlds_firs.html
The big "Ampex" sign is still prominently visible from 101 on the way up to San Francisco, but I'm sure I'll be viewing it with a nostalgic sigh next time I see it.
--Bob