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Record #:
9910
Author(s):
Abstract:
After founding the Electronic Accounting Card Company in 1957, Edgar “Bucky” Snider sold his business to Control Data Corporation of Minneapolis in 1968, but remained, under terms of the $7 million dollar stock deal, as its President until January 1971. Snider then founded a new company, the High Point Electronic Card Company, whose success enabled him to buy his old company back from Control Data Corporation, which was now experiencing financial difficulties. Snider's new company, an amalgamation of his now expanded CDC division and his new High Point Electronic Card Company, was called NEC, or the National Electronic Card Company. NEC employs 120 persons at its High Point base, along with approximately 100 employees in it five branch plants.
Source:
The State (NoCar F 251 S77), Vol. 40 Issue 3, July 1972, p15, por
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