Journal: News & Comment

Monday, January 31, 2005
# 11:08:00 PM:

Bought out

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In the early 1980s, Ken Spencer, the father of one of my friends (who was also our Boy Scout leader and an engineer) started a small company to design high-density magnetic storage for the U.S. Geological Survey. They had a tiny office in the building my mom worked in, a kilometre or two from my house.

That company turned into Creo, one of the world's leading printing-technology firms, and eventually took over the whole building, plus a couple of others nearby, as well as some in other cities around the world. My Scout leader retired from the company years ago. I've known a number of other people who have worked there over time too.

Today Eastman Kodak announced that it plans to buy Creo for $980 million USD. I wonder if Ken imagined that all those years ago?


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