▁The ▁real ▁reasons ▁for ▁this ▁growth ▁- ▁the ▁B UR PL ▁purchase ▁- ▁remained ▁secret , ▁so ▁on ▁paper ▁it ▁appeared ▁that ▁I tek ' s ▁information ▁systems ▁were ▁generating ▁huge ▁orders ▁that ▁demanded ▁a ▁large ▁staff . ▁Writ ers ▁spec ulated ▁that ▁the ▁military ▁might ▁allow ▁the ▁company ▁to ▁release ▁their ▁work ▁to ▁the ▁public , ▁making ▁the ▁company ▁highly ▁valuable . ▁Over ▁the ▁space ▁of ▁a ▁few ▁months , ▁the ▁value ▁of ▁the ▁stock ▁grew ▁from ▁$ 2 ▁to ▁$ 2 5 5 , ▁trigger ing ▁a ▁ 5 - for - 1 ▁split . ▁ ▁Using ▁the ▁newly ▁infl ated ▁value ▁of ▁their ▁stock , ▁Leg horn ▁started ▁an ▁ag gress ive ▁divers ification ▁effort . ▁In ▁ 1 9 6 0 ▁Leg horn ▁agreed ▁to ▁fund ▁development ▁of ▁a ▁computer ized ▁draft ing ▁system , ▁ED M , ▁based ▁on ▁the ▁P DP - 1 ▁that ▁had ▁earlier ▁been ▁experiment ed ▁on ▁at ▁M IT . ▁The ▁same ▁year ▁he ▁arranged ▁a ▁mer ger ▁with ▁Herm es ▁Electron ics ▁( origin ally ▁Hy con ▁Eastern ), ▁mak ers ▁of ▁various ▁military ▁communic ations ▁systems . ▁This ▁was ▁followed ▁by ▁the ▁ 1 9 6 1 ▁purchase ▁of ▁Phot ost at ▁Cor p ., ▁mak er ▁of ▁offset ▁printing ▁systems ▁using ▁K od ak ▁pat ents . ▁In ▁ 1 9 6 2 ▁he ▁l ured ▁Gilbert ▁King ▁away ▁from ▁IBM , ▁where ▁he ▁had ▁worked ▁on ▁the ▁Autom atic ▁Language ▁Trans l ator ▁and ▁had ▁developed ▁the ▁world '