176:
27:
326:. The move to Paramus was completed in mid-1971; with it came a corporate reorganization that saw several new locals enter the executive team. In May 1972, the company partnered with North American Corporation to form a joint venture, Computer Transceiver Leasing Systems, which purchased and leased computer terminals to various corporate buyers.
291:. The Execuport was developed in part by Jacobson and introduced in 1969. The first units of the Execuport were produced in mid-1969 from the company's production facilities in Upper Saddle River. The plot of land on which the production facilities rested also housed the company's research and development laboratories and executive offices.
247:
to found CTSI. Klein, his business partner, and three other engineers from
Western Union left Virginia to found CTSI in New Jersey. Peterson was named president, joined by a corporate director, a marketing manager, and two engineers. Within a year, the company had dozens of employees on its payroll.
338:
302,400 in 1971 and $ 473,000 for the fiscal year 1972. The company reported its first profitable year in 1973, the netting income of over $ 119,400 on sales of $ 2.66 million (up from $ 1.76 million in 1972). This was following a marginal increase in share price and the sale of 550 units
242:
introduced in the early 1960s. They saw the Model 33 as too clunky, of an era before the computer. The two devised a portable teletype in their spare time while developing the business acumen to start their own company. In order to gain knowledge of the economics of the telecommunications industry,
317:
The
Execuport initially proved successful for CTSI, and the company's stock price reached an apex of $ 40, while the company employed 100 people. A plummeting of their stock price down to $ 3 in the beginning of the 1970 fiscal year, however, prompted a layoff of 40 workers. The company recovered
343:
in late 1972 worth $ 1 million. Said deal with Litton was part of a contract that allowed Litton to purchase up to $ 15 million worth of
Execuport terminals through to 1977. CTSI's stock valuation increased apace from 1973 to at least 1977. The company remained largely profitable as well,
243:
Jacobson sought tasks at his work that emphasized accounting and budgeting and sought advice from coworkers, as well as his own father, who was a corporate lawyer. Jacobson and his business partner were able to persuade a group of venture capitalists to invest over $ 200 thousand in
351:
Following high executive employment churn around the turn of 1978, the company reported their first quarterly loss since 1972 in late 1978. The company reported roughly $ 6 million in sales in 1981 and 1982. Their competitors around this time included market leader
344:
netting over $ 120,000 between
February and August 1976 and $ 182,700 in profit between the same period in 1977. Despite having the least amount of market share in the terminal industry, by 1976 they were tied with
447:, who invested $ 250,000 in the company and relinquished CTSI's bank debts. CTSI remained a subsidiary of Vertex until 1998. Founder Jacobson left the firm to work for Computer Integration Associates of
294:
Development and production of the
Execuports was initially an amateur affair, with a prolonged prototyping phase and premature part failures. The Execuport's special
1337:
199:, Jacobson and his fellow engineers at ITT were laid off. Following his dismissal, Jacobson went to work for Maxson Electronics, where he worked as an engineer on
443:. At the time they possessed $ 2.2 million in bank debts, $ 440,000 of which was owed to banks. In July 1987, they were acquired by Vertex Industries of
203:
and warfare trainers. Jacobson disliked working for defense contractors and wanted to lean into the computer industry, seeing potential in the field of
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shortly after, earning several major orders for models in the
Execuport range. In the spring of 1970, CTSI moved its entire base of operations to
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to the computer's base amount of memory. Both models of the
Execuport featured dual 5.25-inch 800-kB floppy drives and a green-phosphor
1302:
162:, where it spent most of its independent existence. The original Execuport was one of the first portable terminals on the market.
451:
in June 1988. In 1998, Vertex spun off CTSI, who subsequently merged with
Mortgage Plus Equity and Loan Corporation of New York.
257:
407:
display measuring 9 by 5 inches (23 by 13 cm) and displaying up to 132 columns by 24 rows. The computers were partially
306:
for the manufacture of the
Execuport, which improved yields. The company had another mishap with the development of a
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187:. Before founding CTSI, Jacobson worked at various defense contractors after graduating from college, including the
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The company's first product line was the
Execuport, the company's brand of high-speed portable teletypes and
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stock exchange for "failing to meet continued listing requirements", and in late 1986, CTSI filed for
138:) was an American computer company active from 1968 to 1998. It manufactured a wide range of portable
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191:, where he was employed in their Information Systems Division. Immediately after the completion of a
183:
Computer Transceiver Systems, Inc. (CTSI), was principally founded by Allen G. Jacobson in 1967, in
653:
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215:, as a manager of engineering and design. There he familiarized himself with the technology behind
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541:(1982–83 ed.). Technology & Business Communications. p. 35 – via Google Books.
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microprocessors in unison; the XL+ added an additional 16-bit co-processor and 128 KB of
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was the only supplier) proved especially volatile. Beginning in July 1969, CTSI set up proper
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Jacobson and a fellow engineer at Western Union found untapped potential in the market for
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of the time. The flagship Execuport teletype weighs 27 pounds (12 kg) and has a
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aimed at the high-end personal computer market. Both the XL and XL+ ran off of the
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368:(with their Whipser Writer 1000 portable teletype). In 1982, the company beat out
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1173:"Federal Reserve Adds 157 Stocks to List of OTC Securities Under Margin Rules"
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While managing the company, Jacobson was also a volunteer pilot for the
419:. In 1985, CTSI introduced a duo of general-purpose label printers for
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In 1983, CTSI introduced the Execuport XL and Execuport XL+, a line of
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for the best terminals on the market, according to an industry poll.
314:
parts, forcing the company to design the drive from the ground up.
1109:"Computer Transceiver Systems, Inc.: Execuport XL; Execuport XL+"
361:
426:
431:
CTSI employed around 60 individuals in 1985. In July 1985, the
412:
322:, occupying a 41,000-square-foot (3809 m) building leased from
1249:"Clifton computer firm to merge with a retail mortgage banker"
1087:"Computer Transceiver Systems Unveils Portable Microcomputer"
284:
220:
947:. November 20, 1977. p. 119 – via Newspapers.com.
935:. September 30, 1977. p. 17 – via Newspapers.com.
1029:. November 10, 1982. p. 85 – via Newspapers.com.
825:. November 10, 1972. p. 34 – via Newspapers.com.
789:. November 12, 1972. p. 70 – via Newspapers.com.
771:. November 19, 1972. p. 44 – via Newspapers.com.
623:. February 28, 1972. p. 37 – via Newspapers.com.
416:
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for the supply of networking hardware and terminals to the
279:-sized platen, a full-sized, alphanumeric keyboard, and an
1008:. November 7, 1978. p. 13 – via Newspapers.com.
971:. February 14, 1978. p. 8 – via Newspapers.com.
807:. November 6, 1972. p. 25 – via Newspapers.com.
959:. January 16, 1978. p. 6 – via Newspapers.com.
369:
1255:. March 18, 1998. p. 25 – via Newspapers.com.
681:. April 24, 1972. p. 14 – via Newspapers.com.
498:(26). Penton Publishing: 66–68 – via Google Books.
364:(with their Portabubble series of glass terminals), and
1273:. June 17, 1988. p. 58 – via Newspapers.com.
1234:. July 13, 1987. p. 63 – via Newspapers.com.
1216:. July 10, 1987. p. 35 – via Newspapers.com.
1138:. Bell Globemedia Publishing: B13 – via ProQuest.
864:. July 21, 1977. p. 26 – via Newspapers.com.
753:. June 10, 1973. p. 82 – via Newspapers.com.
735:. June 15, 1972. p. 75 – via Newspapers.com.
660:. April 8, 1970. p. 48 – via Newspapers.com.
365:
843:. June 25, 1973. p. 4 – via Newspapers.com.
699:. June 2, 1971. p. 27 – via Newspapers.com.
717:. May 23, 1972. p. 6 – via Newspapers.com.
538:
The S. Klein Directory of Computer Graphics Suppliers
1119:(3). CW Communications: 72 – via Google Books.
1074:(52). IDG Publications: 72 – via Google Books.
879:"Quarterly earnings report show increase in profits"
252:. Between 1968 and June 1969, the company filed its
1179:. Dow Jones & Company: 1 – via ProQuest.
915:(6). Cahners Publishing: 21 – via Bitsavers.
1294:
102:Acquired by Vertex Industries in 1987 following
1338:Defunct computer companies of the United States
238:had a monopoly, especially with their flagship
580:"14 in Ramsey will vie for three school seats"
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636:"Bergen Products, Services Lead in Data Show"
427:Downturn, bankruptcy, and mergers (1985–1998)
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1318:American companies disestablished in 1998
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1048:. p. 142 – via Newspapers.com.
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179:Execuport 300 portable terminal from 1969
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1198:. p. 35 – via Newspapers.com.
1160:. p. 74 – via Newspapers.com.
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642:. p. 28 – via Newspapers.com.
617:"'Hot Issues' Inquiry Is Started by SEC"
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524:. p. 76 – via Newspapers.com.
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586:. p. 3 – via Newspapers.com.
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1192:"Clifton firm buys high-tech concern"
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339:of Execuport Model 1200 terminals to
1308:1998 disestablishments in New Jersey
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1093:(131). UBM LLC: 56 – via Gale.
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847:
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578:Shuart, Evelyn (February 25, 1979).
460:
1343:Defunct computer hardware companies
1085:Staff writer (September 12, 1983).
1040:Volkmann, Warren (March 14, 1982).
486:Klein, Stanley (October 29, 1970).
13:
1348:Defunct computer systems companies
1287:Computer Transceiver Systems, Inc.
1152:Cane, Jeffrey (December 4, 1985).
1130:Staff writer (September 2, 1983).
1097:
1062:Staff writer (December 26, 1983).
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983:. September 24, 1978. p. 96,
783:"Computer builder sells 550 units"
488:"Making a Business of Engineering"
267:that were used to remote into the
132:Computer Transceiver Systems, Inc.
20:Computer Transceiver Systems, Inc.
14:
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1303:1967 establishments in New Jersey
1280:
1107:Staff writer (January 16, 1984).
1023:"Paramus firm equipping Fed bank"
675:"Data Firm Signs Pact on Leasing"
597:Pangburn, John (March 23, 1979).
555:Kamen, Robin (November 4, 1988).
516:Adamson, Claude (July 13, 1969).
154:name. It was originally based in
885:. November 4, 1977. p. 17,
841:The Central New Jersey Home News
769:The Central New Jersey Home News
382:Federal Reserve Bank of New York
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1190:Stepneski, Ron (July 5, 1987).
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360:series of portable terminals),
1171:Staff writer (July 29, 1985).
1132:"Microcomputers Portable Bows"
747:"First Profits at Transceiver"
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185:Upper Saddle River, New Jersey
156:Upper Saddle River, New Jersey
66:Upper Saddle River, New Jersey
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1042:"Terminal choices are varied"
693:"Computer Firm Adds to Staff"
557:"Firm's niche: voice systems"
454:
346:Digital Equipment Corporation
599:"Spending caps spark debate"
535:Klein, Stanley, ed. (1982).
7:
987:– via Newspapers.com.
567:– via Newspapers.com.
195:system commissioned by the
86:; 26 years ago
55:; 56 years ago
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1154:"CTSI introduces printers"
900:Staff writer (June 1976).
858:"Earnings, dividends told"
634:Most, Mel (May 17, 1970).
334:CTSI faced losses of over
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330:Profitability (1973–1985)
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310:repurposed from surplus
211:'s Processing Center in
1177:The Wall Street Journal
654:"CTSI Moves to Paramus"
435:delisted CTSI from the
254:initial public offering
1210:"Vertex acquires firm"
1002:"Income reported down"
180:
171:Foundation (1969–1973)
1289:at the Terminals Wiki
1091:Computer Systems News
819:"Agreement announced"
441:Chapter 11 bankruptcy
433:Federal Reserve Board
225:computer time-sharing
197:Strategic Air Command
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158:, soon relocating to
104:Chapter 11 bankruptcy
965:"People in Business"
953:"People in Business"
902:"Teleprinters Rated"
805:The Pittsburgh Press
236:Teletype Corporation
213:Middletown, Virginia
201:fire-control systems
1353:Paramus, New Jersey
518:"Business Newspost"
320:Paramus, New Jersey
205:data communications
160:Paramus, New Jersey
146:, and printers for
115:Paramus, New Jersey
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1333:Computer terminals
1136:The Globe and Mail
930:"Briefly noted..."
909:Mini-Micro Systems
801:"Computers Bought"
751:The Ridgewood News
584:The Ridgewood News
389:portable computers
287:to connect to the
217:telecommunications
207:. He was hired at
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144:portable computers
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1267:"Business People"
1232:Asbury Park Press
977:"Bergen Business"
941:"Bergen Business"
409:IBM PC compatible
354:Texas Instruments
341:Litton Industries
312:dictation machine
289:telephone network
240:Teletype Model 33
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245:seed funding
232:teleprinters
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111:Headquarters
34:Company type
397:Intel 80186
117:(1970–1987)
1297:Categories
1271:The Record
1253:The Record
1196:The Record
1158:The Record
1027:The Record
969:The Record
957:The Record
787:The Record
733:The Record
679:The Record
658:The Record
640:The Record
603:The Record
561:The Record
455:References
449:Old Bridge
358:Silent 700
308:tape drive
150:under the
1068:InfoWorld
393:Zilog Z80
269:mainframe
265:terminals
256:with the
152:Execuport
125:Execuport
697:The News
411:and ran
378:AT&T
219:—namely
122:Products
45:Computer
42:Industry
445:Clifton
362:Teleram
166:History
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81:Defunct
73:Founder
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413:MS-DOS
376:, and
283:for a
277:letter
37:Public
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905:(PDF)
285:modem
221:telex
417:CP/M
415:and
395:and
336:US$
271:and
223:and
136:CTSI
99:Fate
91:1998
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60:1968
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405:CRT
401:RAM
370:IBM
258:SEC
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