UPDATE EDITION
June 30, 1978
Volume 4, Number 12
Two industry execs resign
W a Ish leaves Mirco
Satish Bhutani
John L. Walsh resigned last
month as president and as a director
of Mirco, Inc.
In his statement he said , "In
January 1977, the board of directors
asked me to resume the duties of
president and gave me certain
objectives to meet . These objectives
have been met. Mirco has returned
to operating on a currently profitable
basis ."
As previously reported , Mirco has
completed negotiations for the di-
vestiture of its systems business and is
now in final negotiations for the sale
of its electronic distributor business .
The remammg business is the
manufacture and marketing of
amusement devices which has been
the company's major product line .
There is no other management
change . Richard N. Raymond is vice
president- European operations and
has his office at the company's plant
in New lsenburg, West Germany . At
the Company's Phoenix plant are
Eugene K. Lew , director of engi-
neering , G .H. Swanson , vice presi-
dent - finance , Robert R. Tiffany,
vice president-operations, and Ber-
nard Shapiro , sales manager.
An operating committee- consist-
ing of Lew, Swanson , and Tiffany
(who is chairman) -is in charge of
the domestic business . This commit-
tee reports to the executive commit-
tee of the board of directors as does
Raymond . According to a spokes-
man for the board of directors , the
operating committee will function
until Walsh 's successor assumes
office .
Bhutani
joinsNamco
Satish Bhutani has joined Namco
Ltd ., a manufacturer of arcade
games.
Bhutani , who had served as vice
president of marketing for Project
Support Engineering (P .S .E.) for two
years, is now in charge of opening a
Namco America office by the end of
June . He will also be in charge of
setting up sales and distributing
channels in the United States.
Namco has introduced in the U.S .
market F-1, which was marketed by
Atari , and Shootaway .
Further details and the address of
Namco America will be released at a
later date.
James Hughes , executive vice president and chief operating officer of
XCOR International, Williams Electronics' parent company , officially
welcomes soccer star Kyle Rote Jr. to the Williams team . Rote is assisting
Williams in promoting the firm 's new solid state flipper game World Cup
which introduces a dual electronic sounds system and memory features.