Founded in October 1951 by six Georgia Tech Research Institute researchers: James E. Boyd (future station director), Charles Griffin, Robert E. Honer (MSEE), Gerald Rosselot (station director), Lamar Whittle and Vernon Widerquist who each invested $100. In late 1952 Glen P. Robinson became the seventh member. Scientific Atlanta was started to produce technology developed at the research station. After the fledgling company's first contract resulted in a $4,000 loss, Robinson bought out all but one of the original investors, and paid them each back their original $100.