OK, so it was stunning 60 years ago. But Ampex, which pioneered audio and video tape recording, is still with us. And so is the towering Ampex sign honoring the company’s history. You’ve seen it just off Highway 101 in Redwood City.
Last week, Ampex filed for Chapter 11 bankruptcy. Its head count is down to 101 from a long-ago peak of 12,000. Its shares are trading at about 40 cents. Watching Ampex is like watching some beloved relative stagger and wheeze and shuffle around the house.
And so I’m declaring today Ampex Appreciation Day.