s ▁only ▁working ▁optical ▁disc . ▁Meanwhile , ▁work ▁continued ▁on ▁the ▁original ▁arch iving ▁system , ▁but ▁the ▁company ▁proved ▁unable ▁to ▁deliver ▁a ▁working ▁product . ▁ ▁Meanwhile , ▁none ▁of ▁I tek ' s ▁purch ases ▁turned ▁into ▁commercial ▁success es , ▁and ▁in ▁ 1 9 6 1 ▁I tek ▁reported ▁a ▁$ 2 , 5 0 0 , 0 0 0 ▁loss . ▁Its ▁stock ▁began ▁to ▁drop , ▁hitting ▁a ▁low ▁of ▁$ 9 . 5 0 . ▁In ▁spite ▁of ▁the ▁C IA ' s ▁warnings , ▁Rock ef eller ▁did ▁little ▁to ▁address ▁Leg horn ' s ▁problems , ▁which ▁grew ▁out ▁of ▁control . ▁Fr ustr ated ▁by ▁Leg horn ▁ign oring ▁the ▁reconna issance ▁side ▁of ▁the ▁company ▁in ▁favor ▁of ▁the ▁continu ing ▁string ▁of ▁information ▁projects , ▁the ▁engine ers ▁revol ted ▁and ▁demanded ▁that ▁he ▁be ▁removed . ▁Walk ow icz ▁brought ▁in ▁Franklin ▁L inds ay , ▁a ▁former ▁C IA ▁oper ative , ▁to ▁help ▁Leg horn ▁get ▁the ▁company ▁back ▁on ▁track . ▁This ▁effort ▁back f ired , ▁as ▁Leg horn ▁was ▁ins ult ed ▁by ▁the ▁effort ▁and ▁refused ▁to ▁co oper ate . ▁In ▁May ▁ 1 9 6 2 ▁Leg horn ▁was ▁pushed ▁out ▁in ▁favor ▁of ▁L inds ay , ▁who ▁became ▁I tek ' s ▁president ▁and ▁CE O . ▁ ▁With ▁L inds ay ▁at ▁the ▁hel m , ▁I tek ▁returned ▁to ▁foc using ▁mostly ▁on ▁reconna issance ▁efforts