Word: televideo
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Fabulous wealth is being generated almost overnight. When TeleVideo Systems, which makes computers
...Hwang was sweeping floors at a Lake Tahoe casino to make ends meet while earning his engineering degree. A native of North Korea who fled to the south during the Korean War, Hwang served in the South Korean army before coming to the U.S. In 1976, when he started TeleVideo in his northern California garage, he had trouble finding backers. Some friends chipped in enough to keep him going after he won a small contract to supply Atari with video monitors for its electronic games...
...Today TeleVideo, based in Sunnyvale, Calif, is the world's leading independent supplier of the ubiquitous video display terminals (VDTs) used for both games and computers, with 9% of the market. Moreover, TeleVideo's vox sales have already been overshadowed by those of the company's popular small business computers (some 20,000 sold in 1982). Total company sales last year were $98.5 million, up from $1.8 million in 1978. When TeleVideo goes public, perhaps this week, its investment bankers think the stock can be sold for $16 to $18. At $18, the 700,000 shares Hwang...
...weeks after TeleVideo goes public, Gulfstream Aerospace is expected to follow. Paulson, a former airline mechanic who once sold secondhand airplanes, set up a company in 1976 that two years later bought Grumnian American Aviation Corp., maker of the Gulfstream line of corporate aircraft. Its principal product, the 19-passenger Gulfstream III fanjet aircraft, costs upwards of $10.5 million and, according to the offering prospectus, boasts the longest range and fastest cruising speed of any business aircraft. In 1982 the Savannah-based company's sales rose by 33%, to $575.5 million, and profits more than tripled, to $43 million...
...after these computers, known in the trade as "professional work stations" and designed to hang at the branches of a network of similar machines. Price tags range as high as $10,000; Altos, Corvus, Control Data, Cromemco, Digital Equipment, Fortune, Hewlett-Packard, Nippon Electric, North Star, Olivetti, TeleVideo, Toshiba, Vector, Victor, Xerox and Zenith are among the biggest names in this upscale but increasingly crowded field. Even proletarian Apple is joining the crowd with its long-awaited Apple IV (code-named Lisa), due to be unveiled in mid-January. Lisa's probable price range: somewhere between...