that ICs were the future of electronics (much like another contemporary Fairchild spinoff, Amelco) and wished to commercialize them. The name of the new company was coined from Signal Network Electronics.

Lionel Kattner in 2007 recollected that "Sig" and "netics" as common word fragments in the industry had just popped into his head.

The venture was financed by a group organized through Lehman Brothers, who invested $1M. The initial idea

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