Each man put up $5,000 and formed a new company, Harman Kardon, to manufacture high-fidelity machines for playing music at home.
“At the time,” New York Times reporter William Holstein wrote fifty years later in an article about Harman, “the conventional wisdom was that to listen to music from the radio, you needed a tuner to capture radio signals, a preamplifier, a power amplifier and speakers.” Instead, Harman and Kardon combined multiple components into one easy-to-use unit that they called a receiver.
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