Teledyne LeCroy history

By 1965 LeCroy was able to leave the former Laundromat for larger facilities in Elmsford, New York, followed by another upgrade to West Nyack, New York, two years later.

1972: After several moves within the United States, the company opens a second facility in Geneva, Switzerland.

Management settled on oscilloscopes and by 1983 began to apply high-energy physics technology to its new product line, as well as conduct extensive market research.

In 1985 LeCroy introduced its first digital oscilloscope, finding a niche in the fast-growing commercial test and measurement market.

As CEO he took the company public in 1987.

Not only did industry-leader Tektoronix notice LeCroy, in 1992 it sued the company, alleging patent infringement.

The process began in 1993 when Walter LeCroy decided to bring in more seasoned management to replace technically knowledgeable but less commercially aware officers.

The company lost an additional $1 million in 1994.

The company continued to grow, and in 1995 went public, offering its shares on NASDAQ. Today, LeCroy Corporation is the acknowledged leader in high-speed digital oscilloscopes, which are vital in the design of fast computer communication systems.

For fiscal 1996, revenues grew to $101.5 million and net profits to $4.3 million.

In October 1997 LeCroy made its first stab at external growth, acquiring Preamble Instruments, Inc. of Beaverton, Oregon, for stock and $411,000 in cash.

Although revenues grew to $131 million in 1998, LeCroy posted a loss of nearly $2 million.

During the first three quarters of 2001, LeCroy experienced a turnaround in its business and reported strong financial results.

The Bastiat Society began in 2004 when Walter LeCroy (physicist and founder of LeCroy Industries) and Ben Rast (Senior V.P. of the Rast Group) hosted a symposium on globalization.