They have something in common now that the grand-daddy of Oregon’s high-tech will be sold to a Washington, D.C., conglomerate called Danaher Corp. (DHR) for $2.8 billion in cash. They offered $38 per share prior to the NYSE opening bell and Tek gained 33% to a five year high. And to think the Tek alma mater were never consulted on this Danner acquisition. It smells fishy.
I remember the heady days of the 80’s when Tek employed 24,000. I remember the founder Howard Vollum and Earl Wantland, and the Ferrari days of Norm Winningstad. Some other notable people who worked at Tektronix: Tom Bruggere; Gerry Langler; and Dave Moffenbeier all co-founded Mentor Graphics in 1981.
Danaher is a diversified manufacturing and technology company known for superior business processes and outstanding shareholder value.
Danaher is also known as the maker of Sears’ Craftsman tools which I seem to use most every weekend in the garage. Speaking of garage…having built an HBO “Folgers-Can” receiver back in the day, I hope they don’t want to reconcile the outstanding special stock inventory spread out all over my garage.
I’m heading home now to hide that stash of Gallium arsenic High-Frequency tranny’s….