Johnson Equipment history

Watkins-Johnson's record of consecutive annual increases in earnings and revenues ended in 1969, when sales slipped 18 percent and profits fell 43 percent.

Earlier in the decade, the company completed its third acquisition, purchasing in 1970 Mountain View, California-based RELCOM, a closely-held manufacturer of precision components such as mixers, frequency converters, transformers, and switches.

The Johnson Health Tech story began in 1975 in Taichung, Taiwan, where Mr.

Addressing a gathering of the New York Society of Security Analysts in 1980, Dean Watkins conveyed as much with his closing remarks, stating "we are pleased at the President's perception, albeit belated, of the dangerous and rapidly growing strength of the Soviet Union."

Watkins would find a greater ally in Ronald Reagan, who assumed the presidential post in 1981, then presided over the country during a two-term presidency that included major increases in defense spending.

The demand for CVD equipment was skyrocketing, propelled by the enormous growth of the computer industry since Kennedy began deepening the company's involvement in the chip market in 1988.

In April 1993, as part of its plan to more aggressively pursue commercial business, Watkins-Johnson renamed its two divisions, giving its Defense Group the new title Electronics Group and changing the name of its Commercial Group to Semiconductor Equipment Group.

In May 1995, the company sold its microwave electronics unit to Condor Systems Inc., freeing up manufacturing space at its San Jose facility for semiconductor equipment production.

Johnson Health Tech established Horizon Fitness in 1998, aiming to redefine the home exercise experience.

Matrix was launched in 2001 to bring premium fitness equipment to the marketplace.

In 2006, Johnson Health Tech introduced a special Wellness division to help people live an altogether more comfortable life.

In 2008 when the global economy was contracting, Johnson Health Tech instead invested heavily to fill out the Matrix lineup.

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