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Bennett CerfBennett Cerf
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Session:         Page of 1029

Cerf:

It was changing, you see. First of all, as I said, when we went public and were on the stock exchange and had to make these reports and have annual meetings and have stockholders yelling...you know, “Why aren't you paying a dividend?" and all that sort of thing...our business was not what it used to be. Furthermore, with the acquisitions that we made, we were spreading all over the map. Instead of being in our one building, we were in five. We had the Singer Co. up in Syracuse. We had Knopf. We had Pantheon. Our bookkeeping and billing machines were over on Sixtieth Street. Our shipping room was somewhere else.

Q:

Well, you still have that situation now.

Cerf:

I know, but we're going to build our own building.

Q:

I know, but I Still can't... This may come out. Go on.

Cerf:

RCA was something else again. When RCA showed an interest, we certainly responded because RCA is one of the great corporations of the country.

Q:

Can you retrace that at all in your mind? How did you first get an inkling of it?

Cerf:

The two big bankers for RCA are Lazard Freres and Lehman Bros. We have friends at both firms. We heard from them that



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