Word: televideo
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Buckley has since abandoned the Heathkit. Aside from the seagoing Epson, he has four Kaypro portables, two IBM PCs (an AT and an XT), and a TeleVideo terminal. The IBM AT, which he keeps at his home in Connecticut, is able to store an entire novel in its customized internal memory. All the computers run the best-selling WordStar program. "I'm told there are better programs," says Buckley. "But I'm also told there are better alphabets." Despite owning all this equipment, he has never played a computer game, tapped into a data base or run numbers through...
...Says President Ron Mickwee: "We lost a lot of ground and we don't have the capital resources to repurchase it." Eagle has slashed its payroll to 140 employees, compared with 335 last February, and is developing a new marketing plan while trying to satisfy its creditors. Similarly, TeleVideo launched an IBM-work-alike last year but found few buyers. "We just expected sales to take off faster than they did," says Executive Vice President Richard DuBridge. "We spent more on advertising and sales than we should have." Meanwhile, the firm's terminals business is under siege...
...Philip Hwang, 47, founder of TeleVideo Systems, a maker of computers and computer terminals. At twelve, Hwang was smuggled from North Korea to South Korea by U.S. troops under some maps and canvas in an Army truck. After arriving in the U.S., he paid his way through college working as a dishwasher and waiter in Lake Tahoe casinos. Hwang gained business experience by running a 7-Eleven store in San Jose, Calif., and then in 1975 used his savings of $9,000 to start making video games in his Cupertino, Calif., garage...
Though his company was shunned at first by established financial backers, Hwang got started making low-cost, high-quality computer monitors. When TeleVideo went public in March, Hwang sold shares worth $11.8 million, but kept stock worth $520.4 million...
...shares are traded on the open market, everything is different for the firm and its founders. The responsibilities of meeting with security analysts, making presentations to Wall Street, taking inquiries from the press and major shareholders begin to eat up large amounts of time. Says Hwang of TeleVideo Systems, who associates say looks ten years older than he did twelve months ago: "Now that I've got public money it really bothers me. I feel more responsible...