Texscan MSI
Texscan MSI is a manufacturer of character generators. Texscan MSI Corporation was formed after Texscan Corporation acquired Marketing Systems, Inc. from Com Tel, Inc. in 1980. Texscan MSI later acquired Computer Video Systems, Inc. and their line of Compuvid products, adding automatic commercial insertion equipment to their line of products and services.
History
Texscan Corporation was founded in 1965 by Carl Pehlke in Indianapolis, Indiana. Texscan began as a small manufacturer of broadband radio frequency equipment but later shifted focus to manufacturing engineer test equipment for the cable television industry.[1]
In the 1970s, Jerrold Electronics awarded manufacturing licenses for a newly invented impedance bridge to Texscan Corp.
In 1978, Texscan Corp. acquired Theta-Com, a move that shocked the CATV industry. Prior to their acquisition of Theta-Com, Texscan was mostly known as a small manufacturer of CATV test equipment. The acquisition of Theta-Com added multichannel and microwave link distribution products to Texscan’s product offerings, solidifying Texscan’s position as a competitor to the larger manufacturers of CATV distribution equipment.
In 1980, Texscan Corp. acquired Marketing Systems, Inc. (MSI). The newly acquired company became a division of Texscan Corp. and was renamed Texscan MSI.
In 1983, Texscan Corp. acquired Computer Video Systems, Inc. Computer Video Systems specialized in character generators they sold under the Compuvid name. Computer Video Systems had previously acquired CRC Electronics, Inc., who manufactured commercial insertion and automated videotape playback systems. Computer Video Systems was merged with Texscan MSI to become Texscan MSI Compuvid.
In 1984, Texscan Corp. acquired GTE Sylvania’s cable TV division. Texscan Corp. subsequently relocated corporate operations from Indianapolis, Indiana to El Paso, Texas.
Texscan Corp. entered Chapter 11 Bankruptcy in the mid 1980s, and emerged from bankruptcy/reorganization in 1987.
On June 20th, 1989, the Los Angeles regional office of the Securities and Exchange Commission was granted an injunction against several Texscan Corp. executives after it was discovered that they had violated several anti-fraud, reporting and financial record provisions of the securities Act of 1933 and the Securities Exchange Act of 1934. The SEC’s original complaint alleged that Texscan Corp., along with six of its directors and financial officers failed to disclose total assets, inventories, revenues and net incomes for the fiscal years of 1984 and 1985.[2]
In April of 1991, The Securities and Exchange Commission halted trading of Texscan Corp.’s stocks after Texscan’s stock price was raised erratically.
In August of 1992, the Securities and Exchange Commission announced administrative proceedings against Mark Malenfant, a stock broker, for attempting to manipulate the price of Texscan Corp.’s common stock.
In March 1989, Texscan Corp. sold their instruments division to Trilithic, Inc. for $709,900.
Texscan Corp. reorganized into TSX Corporation in the 1990s. This combined entity was acquired by Antec Corp. in February of 1997.
In 1998, Antec Corp. sold Texscan MSI to Outsource Engineering & Manufacturing Inc. founder Leonard Fabiano.
On June 28, 2010, Ad Systems Communications, Inc. announced an agreement with Texscan MSI to incorporate Texscan MSI insertion technology in their Addige products.
External links
References
- ↑ Taylor, Archer (2000). History Between Their Ears. Denver, CO: The Cable Center. p. 671. ISBN 1891821016.
- ↑ "SEC News Digest Issue 87" (PDF). SEC News Digest. 2 October 1987. p. 1. Retrieved 13 October 2021.
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