Word: hurwich
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...favor of a free Springfest that one can merely go to and enjoy, and if that means having Harvard bands, that's fine. KATHERINE A. HURWICH '00 April...
...Hurwich liked the idea. He bought the rights for $100,000, and formed Dymo Industries Inc. with another $300.000 to produce the new tool. The Dymo labeler now comes in 20 models priced from $2.95 to $125 in a choice of 21 languages, including Greek and Japanese, and with tapes in 26 different colors. Most models resemble a hand gun, and all have a circular dial with letters and numbers. The user dials his choice, then squeezes the trigger. Out ticks the adhesive tape, ready for use on hundreds of items, from mailboxes to children's toys to underground...
Avoiding Disaster. The do-it-yourself adhesive labels became so popular that twelve companies, including 3M and Johnson & Johnson, quickly moved in for a share of the new market. Hurwich realized that trying to keep Dymo a one-item company would lead to disaster. As early as 1963, he started to diversify into other fields...
...Hurwich, 46, an M.I.T.-trained mechanical engineer, puts in 55 to 60 hours a week as president of Dymo. Even in his spare time, he keeps pursuing many personal interests that he manages to turn to profit. A flying buff, he owns a small air-taxi service with a fleet of three STOL (for short takeoff and landing) airplanes in the San Francisco area...
Neat Bundle. Hurwich remains more than willing to look at new inventions, which have paid off so handsomely for him in the past. He recently gave financial backing to Product Specialists of Santa Monica, Calif., the developers of a 35-to 55-lb. boat made of polypropylene. For easy transportation and storage, the Stowboat, as it is called, can be folded up into a 4-in.-thick, 10-ft.-long bundle. Priced at from $200 to $450 each, the boats have already attracted 1,500 buyers...