On 10-11-22 02:03 AM, Jens Boos wrote:
Also interesting within the 1954 Annual Report - Thus, Burroughs is moving
into growing fields outside
that of office equipment. Haydu Brothers, for example, acquired in
1954, manufactures cathode ray television tubes and other precision
components for the electronics industry."
Other products have been acquired! This is the first time that I have
read evidence for Burroughs acquiring products from Haydu Brothers.
Any comments?
Sounds like they bought out Haydu Brothers in their fiscal 1954 year,
and they were using the outfit to make CRTs and other electronic components.
When a company buys out another firm, they often will gradually change
the name (so as to not scare off existing customers of the firm they
bought) In some cases this can go on almost forever, GM still makes
Buick Branded cars for example. In other cases they fire everyone and
the Might Trucks of Midnight take all the equipment away over the
weekend. The good stuff goes to existing plants and the rest gets
junked to make sure that the competition from that firm they bought is
truly eliminated.
IN either case they may use the bought companies brand, phase it out or
even sell the rights to the brand. if they discontinue the brand it
will appear as a footnote under "goodwill" in the annual report. (all
the interesting stuff is in the footnotes in accountant speak so they
can show they told everyone without making anyone the wiser.)
--
Charles MacDonald Stittsville Ontario
[email protected] Just Beyond the Fringe
http://www.TelecomOttawa.net/~cmacd/
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