HP HP-Measure-1964-08 free download

File name HP-Measure-1964-08.pdf

IR JOHN IARMINGTO~ SAMPLE ELECTRONICS -VIC- PTY. LTD. 9-11 CREMORN& STREET RICHMOND E. 1 VICTORIA. AU9TRALIA Four HP Women A Trip to Bermuda www.HPARCHIVE.com from the chairman's desk D ECENTLY there has been considerable publicity about Throughout the corporation we have several projects under R cutbacks in military procurement programs and the way that will extend our measurement capabilities into new effect of these cutbacks on defense-related industries_ fields. Some of these projects are in the research and investi- As I mentioned in the June issue of Measure, several com- gative stage; others have already generated specific product panies in our industry have suffered sharp reductions in developments. sales and earnings, and some have had to layoff large num- In the medical field we are investigating new techniques bers of employees and curtail expenditures for new plants of electronic anesthesia and improved methods of blood and and equipment. urinalysis. Also under study are improved diagnostic tech- Fortunately our company, though a large share of its niques that probe the body with various kinds of electrically market is defense oriented, has maintained a steady increase generated signals. in sales and profits, and we are basically optimistic about our We are active in microwave spectroscopy, a technique for future growth. At the same time, we are fully aware that the detecting and measuring the different compounds in gaseous slowdown in defense expenditures poses some real challenges mixtures. We are investigating specialized areas of computer for us. It means that we will face keener competition all technology, particularly those involved with the display and across the board and will have to work harder to maintain processing of data acquired from electronic measurements. our share of existing markets for our products_ It also means Our new magnetic tape transport is expected to be the fore- that we will have to broaden and diversify our product line, runner of several interesting products in the industrial and thereby opening up new markets and becoming less de- medical recording field. We have a special group in Palo Alto pendent upon defense-related business. investigating crystal technology and the application of Developing new types of products and creating new mar- various laser devices. Another group is studying the possible kets is not something that can be done overnight. It requires modification of many of our