Post job

Tektronix company history timeline

1946

Following the founding of Tektronix, Vollum invented the world's first triggered oscilloscope in 1946, a significant technological breakthrough.

1947

The redesign took 12 months, but in May of 1947 Tektronix sold the first "portable" oscilloscope to the University of Oregon Medical School.

In 1947 Tektronix had sales of $27,000.

1948

In 1948 Tektronix also sold its first oscilloscope overseas, to the L. M. Ericcson Telephone Company of Sweden.

1950

By 1950, Tektronix was manufacturing its seventh generation of oscilloscopes, the model 517.

1953

Miles Tippery was one of the four founders of Tektronix and worked only 8 years until 1953 when he had to leave due to health issues.

1954

The plug-in oscilloscopes, introduced in 1954, were an instant success.

1955

Wireless World published an article in their September 1955 issue with an overview of Tektronix and a review of the 517 and 535 oscilloscopes.

1956

In 1956 Tektronix passed Du Mont for leadership in the market.

In 1956, a large property in Beaverton became available, and the company's employee retirement trust purchased the land and leased it back to the company.

1961

In 1961, Tektronix sold its first (possibly the world's first practical) completely portable oscilloscope, the model 321.

1962

Despite significant growth under Davis and the formation of the company's first foreign subsidiaries, by 1962, Vollum was persuaded to re-assume control.

1963

The company's IPO, when it publicly sold its first shares of stock, was on September 11, 1963.

1964

In 1964 Tektronix developed a way to retain an image on a cathode ray tube (CRT) for up to 15 minutes, instead of the split second that images normally lasted before they needed to be regenerated.

In 1964 Tektronix made an oscilloscope breakthrough, the world's first mass-produced analog storage oscilloscope the model 564.

1966

In 1966, Tektronix brought out a line of high frequency full function oscilloscopes called the 400 series.

1969

The company continued to bring out more advanced testing equipment, and by 1969, Tektronix controlled 75 percent of the world's market for oscilloscopes.

But the new technology was also valuable for displaying maps, charts, and other graphics on computer terminals, and in 1969 the company decided to sell CRT terminals for other applications.

1970

Unfortunately, the first terminals, introduced in 1970, were over-engineered and costly.

1971

Earnings fell for the first time in fiscal 1971, by a devastating 34.7 percent.

1972

Vollum recovered, but he resigned as president in 1972.

1974

In 1974, the company acquired 256 acres (1.0 km) in Wilsonville, Oregon where it built a facility for its imaging group.

1975

By 1975, Tektronix controlled 50 percent of the market, and the $50 million a year in terminal sales represented about 15 percent of the company's total business.

1976

By 1976, the company employed nearly 10,000, and was the state's largest employer.

1977

The company's 7834 storage oscilloscope gained accolades for Tektronix by winning a prestigious annual industrial research design award that identified it as one of the top one hundred technical innovations of 1977.

1978

One model the 7104 (introduced 1978) was a true 1 GHz bandwidth oscilloscope.

1981

The company passed the $1 billion mark in sales in 1981.

1982

In 1982 competitors had begun offering fully integrated CAE work stations, which threatened the market for Tektronix's stand-alone graphics terminals and electronic testing equipment.

1984

In 1984 Business Week reported: "Now Tek must come from behind again, in what is likely to be the most critical recoup in its 38-year history," as the company belatedly entered the market for computer-aided engineering (CAE) work stations.

Charles Humble, then a columnist for the Portland Oregonian, wrote of Tektronix's 1984 annual report: "It is about a company that is torn between restructuring and testing the waters of the future, and a company that can't give up the security of past successes."

Then in 1984 Tektronix attempted to counter the attack on its core businesses by forming a systems development division.

1985

Early in 1985 Tektronix acquired CAE Systems Inc.

1986

At the time, Jean Vollum, the widow of co-founder Howard Vollum, who had died in 1986, was the largest single shareholder with about 8.1 percent of the outstanding shares.

In 1986, as part of the 40th anniversary of Tektronix, Marshall Lee, a Pacific University professor, completed and published his book "Winning With People: The First 40 Years Of Tektronix".

1987

David Friedley, a marketing-oriented Tektronix division manager, succeeded Wantland as president in November of 1987.

1990

A financial analyst for Prudential-Bache Securities, Inc., told Business Week that meetings with Tektronix "were like watching the grass grow." The anticipated shake-up came in March of 1990, with the company headed toward a $92.5 million loss (largely due to restructuring) for the fiscal year.

In September of 1990 the board of directors adopted an anti-takeover "poison pill," which entitled existing shareholders to purchase stock at half price if an investor acquired more than 20 percent of the company's stock.

1992

But when Meyer reported on the results of his first full year at Tektronix, for fiscal 1992, the company was again in a slump.

New sales were up for the first time in four years, $1.302 billion compared to $1.297 billion in 1992.

2000

In the TDS models, the lower priced models replaced the last of the 2000 series analog scopes and featured monochrome display while the higher end models were color LCD models which were more like the older 400 series scopes in performance.

2007

On November 21, 2007, Tektronix was acquired by Danaher Corporation for $2.85 billion.

2013

400 series oscilloscopes were still being used as of 2013.

2016

Danaher spun off several subsidiaries, including Tektronix, in 2016 to create Fortive.

2019

Tektronix Video, commonly known for their waveform monitors, was merged with Telestream via an agreement with Fortive on April 25, 2019.

Work at Tektronix?
Share your experience
Founded
1946
Company founded
Headquarters
Beaverton, OR
Company headquarter
Founders
David Henke,Howard Vollum
Company founders
Get updates for jobs and news

Rate how well Tektronix lives up to its initial vision.

Zippia waving zebra

Tektronix jobs

Do you work at Tektronix?

Is Tektronix's vision a big part of strategic planning?

Tektronix competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Texas Instruments1930$15.6B29,888314
Intel1968$53.1B121,100355
Semiconductor Components Industries, LLC1999-9,570-
HP1939$53.6B53,000321
Amd1969$25.8B15,500570
Cypress2009$2.2B5,87156
Librato, Inc.-$13.0B63,800-
Synopsys1986$6.1B15,00140
Micron Technology1978$30.8B49,000582
NI1976$1.7B7,80019

Tektronix history FAQs

Zippia gives an in-depth look into the details of Tektronix, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Tektronix. The employee data is based on information from people who have self-reported their past or current employments at Tektronix. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Tektronix. The data presented on this page does not represent the view of Tektronix and its employees or that of Zippia.

Tektronix may also be known as or be related to Tek, Tektronix, Tektronix Inc and Tektronix, Inc.