Word: orradio
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Last week, as other stocks drowsed, Wall Street woke up to the wonders-and possibilities-of magnetic tape. The stock of ORRadio Industries Inc. jumped live points in a day to 23. Reason: ORRadio, one of the four major makers of magnetic tape (others: Minnesota Mining & Manufacturing Co., Audio Devices Inc., Reeves Soundcraft Corp.), is the fastest growing company in the new field. Its sales, which rose 62% to $1,600,000 last year, are expected to hit $2,500,000 this year and quadruple next year. This week in Opelika, Ala., ORRadio rushed to completion part...
Hitler v. Ike. ORRadio's founder-and a pioneer in U.S. tapemaking-is John Herbert Orr. 46, onetime radio-station owner. While serving as a major and chief radio engineer on General Eisenhower's SHAEF staff during World War II, Orr, like other radio experts, was amazed at the lifelike quality of Nazi broadcasts of Hitler's speeches. They had none of the distortions of speeches rebroadcast from the wire recorders then used...
...tape coating (Ferro-Sheen) with unusually high fidelity. This caught the eye of the Ampex Corp., a maker of wire recorders and other electronic equipment, which had gone into the manufacture of tape recorders after one of its engineers had brought two of the Magnetophons back from Germany. ORRadio and Ampex worked together to develop the TV tape for rebroadcasting. Ampex was so delighted with Orr's new tape that it later bought a 28% interest in his company, supplied Orr with another $250,000 for expansion...
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