Business: Photo Starter

"I don't tinker with anything if I can help it," says Boston's William W. Garth Jr., an M.I.T.-trained entrepreneur who likes to think up new products in printing technology and hire engineers to build them. In 1967 he observed that while large city newspapers had the money to invest in modern phototypesetting machines that cost roughly $30,000 each, smaller daily and weekly papers were still struggling with old-fashioned Linotype machines that were four tunes slower and far costlier to operate. So he instructed the engineers at his Compugraphic Corp. to develop a small, stripped-down phototypesetting machine that he could sell to...

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