Word: berkey
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Dates: during 1970-1979
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...Tiny Berkey kayos Kodak in first antitrust round
...Muhammad All, in his hardest fighting trim, had been flattened by some tank-town lightweight. Berkey Photo, a financially rickety New York-based photo-products manufacturer and retailer of cameras, film and chemicals, with sales of about $200 million a year, won a favorable jury verdict in a marathon antitrust action against Eastman Kodak (1976 sales: $5.4 billion). During the trial, which lasted six months, Berkey claimed that it had been grievously damaged by Kodak's alleged monopoly power; Berkey lost $24.2 million in the first nine months of 1977. To the astonishment of many legal experts, the jury...
...least one other company, the Keystone division of New York's Berkey Photo, Inc., markets an instant-picture camera that it manufactures under license from Polaroid...
...Berkey owns the Willoughby-Peerless chain of camera and hi-fi retail stores in New York and Pennsylvania, distributes the Minox and Konica lines of imported camera products, and since 1966 has owned Keystone. A cautious businessman despite his somewhat raffish appearance, Berkey still rues a day in the 1940s when he had a chance to invest in a new product called Polaroid cameras, "but I told them I wouldn't give them a nickel." Last year, Berkey finally managed to recoup a bit on that mistake: Keystone brought out the only instant camera that has ever been developed...
...Berkey was founded 40 years ago as a small New York City film developer by Ben Berkey, then a 22-year-old, who used to make pickup and delivery rounds of Manhattan stores on a bicycle. Photofinishing, now on a nationwide basis, still accounts for 37% of Berkey's $ 147 million in annual sales, and Founder Ben is still the chief developer-of a lot more than just film...