In 1880, he founded the Sperry Electric Company in Chicago, Illinois to manufacture the electric dynamos and arc lamps that he had invented as a teenager. Over the next fifty years, he founded seven more companies to manufacture his own inventions, including:
The latter was founded to manufacture Sperry's development of the gyrocompass, originally invented by Herman Anschütz-Kaempfe in 1908. Sperry's first model was installed on USbattleship Delaware in 1911.
Sperry Corporation was a major American equipment and electronics company whose existence spanned more than seven decades of the twentieth century.
In 1978 Sperry Rand decided to concentrate on its computing interests and a number of divisions including Remington Rand Systems, Remington Rand Machines, Ford Instrument Company, Sperry Aerospace and Sperry Vickers were sold.
The takeover came about even after Sperry Rand used a " poison pill " in the form of a major share price hike to dissuade the hostile bid, as a result of which Burroughs had to borrow much more from the banks than was anticipated in order to complete the bid.
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