Memorex
 Memorex logo used between 1993 and 2008 | |
| Company type | Public |
|---|---|
| Industry | Computer peripherals, computer media, consumer tape |
| Founded | 1961 |
| Founder | Laurence L. Spitters, Arnold T. Challman, Donald F. Eldridge, W. Lawrence Noon |
| Defunct | November 1996 |
| Fate | Brand currently owned by Digital Products International |
Memorex Corp. began as a
.History and evolution
Established in 1961 in
Memorex entered the consumer media business in 1971 and started the ad campaign, first with its "shattering glass" advertisements and then with a series of legendary
In 1982, Memorex was bought by Burroughs for its enterprise businesses; the company’s consumer business, a small segment of the company’s revenue at that time was sold to Tandy.[3] Over the next six years, Burroughs and its successor Unisys shut down, sold off or spun out the various remaining parts of Memorex.
The computer media, communications and IBM end user sales and service organization were spun out as Memorex International. In 1988, Memorex International acquired the Telex Corporation becoming Memorex Telex NV, a corporation based in the Netherlands, which survived as an entity until the middle 1990s.[4] The company evolved into a provider of information technology solutions including the distribution and integration of data network and storage products and the provision of related services in 18 countries worldwide. As late as 2006, several pieces existed as subsidiaries of other companies, see e.g., Memorex Telex Japan Ltd[5] a subsidiary of Kanematsu[6] or Memorex Telex (UK) Ltd. a subsidiary of EDS Global Field Services.[7]
Over time the Memorex consumer brand has been owned by Tandy, Hanny Holdings and Imation. As of 2016, the Memorex brand is owned by Digital Products International (DPI).[8]
Timeline
- 1961 – Memorex is founded by Laurence L. Spitters, Arnold T. Challman, Donald F. Eldridge and W Lawrence Noon with Spitters as president.[9]
- 1962 – Memorex is one of the early independent companies to ship computer tape.
- May 1965 – Memorex IPO's at $25 and closes at $32.
- 1966 – Memorex is first independent company to ship a disk pack.
- Jun 1968 – Memorex is first to ship an IBM-plug-compatible disk drive
- 1970 – Memorex ships 1270 Communications Controller, an IBM 27xx/37xx compatible terminal controller
- 1971 – With CBS Memorex forms CMX Systems, a company formed to design videotape editing systems
- Sep 1971 – Memorex launches its consumer tape business
- 1972 – Memorex launches its "Is it live, or is it Memorex?" campaign
- Apr 1981 – Burroughs acquires Memorex
- Apr 1982 – Burroughs sells Memorex consumer brand to Tandy
- May 1985 – Burroughs exits OEM disk drive business, selling sales and service to Toshiba
- Sep 1986 – Burroughs acquires Sperry and renames itself as Unisys
- Dec 1986 – Unisys spins off Memorex Media, Telecommunications and International businesses as Memorex International NV.
- Jan 1988 – Memorex-Telex merger[10]
- Dec 1988 – Unisys mainly shuts down large disk business and spins off service and repair as Sequel.
- Nov 1993 – Tandy sells Memorex consumer brand to Hanny Holdings of Hong Kong[11]
- Oct 1996 – The U.S. operations of Memorex Telex NV filed for bankruptcy and with court approval were sold November 1, 1996.[12]
- Jan 2006 – Imation acquires Memorex brand for $330 million.[13]
- Jan 2016 – Imation closed on the sale of its Memorex trademark and two associated trademark licenses to DPI Inc., a St. Louis-based branded consumer electronics company for $9.4 million.[14]
- Jan 2024 – Finest Brands, Inc. a Los Angeles-based brand management firm, announces its acquisition of the Memorex brand, its associated global trademark and IP portfolio and its licensees. The terms of the deal were not disclosed.[15]
References
- ^ Raimondi, Donna (March 17, 1986). "Memorex marks 25th birthday by streamlining operations". Computerworld. XX (11): 125 – via Google Books.
- ^ Mercer, Michelle (September 3, 2019). "The Voice That Shattered Glass". NPR. Retrieved August 29, 2020.
- ^ "Memorex History: How a Tech Pioneer Turned Into a Basic Brand". Tedium: The Dull Side of the Internet. Retrieved 2022-08-14.
- ^ "SEC Filing for MEMOREX TELEX N.V. (1996)"
- ^ Memorex Telex Japan Homepage Archived 2006-04-08 at the Wayback Machine
- ^ Kanematsu 2008 Annual Report Archived 2011-10-08 at the Wayback Machine
- ^ http://www.memorex-telex.com/aboutus/[permanent dead link]
- ^ GlassBridge Enterprises, Inc., FORM 10-K, Mar 15 2016
- ^ Memorex Private Placement Memo circa 1961
- ^ Information Technology Industry TimeLine Archived 2006-04-10 at the Wayback Machine
- ^ "About Memorex" (PDF). Archived from the original (PDF) on 2006-05-09. Retrieved 2006-03-23.
- ^ MEMOREX TELEX N V Quarterly Report, for period ending September 30, 1996
- ^ Gardner, W. David, [www.informationweek.com/imation-to-acquire-memorex-for-$330-million/d/d-id/1039762 "Imation To Acquire Memorex For $330 Million"], InformationWeek, January 20, 2006
- ^ Imation 8k
- ^ Memorex Acquisition Press Release, January 9, 2024
