Word: arnhold
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...Betamax. The company recently introduced a 5½-lb. hand-held camera and a stereo system that are compatible with Beta videotapes. Says Kenji Tamiya, president of Sony Corp. of America: "We have absolute confidence in the Beta format." Others are skeptical. Says Reginald Duquesnoy, an industry analyst with Arnhold & S. Bleichroeder, a Wall Street investment firm: "The longer Sony sticks with Betamax, the more severely it'll get beaten...
Challenge for Competitors. Private U.S. money is now helping Siemens to push the biggest expansion program in its history. In the first major private loan by U.S. financiers to a German firm since the war. a group of twelve lending institutions headed by Morgan Stanley and Arnhold & Bleichroeder have lent Siemens $25 million as part of its two-year, $250 million expansion (much of which will be paid for out of profits). With expanded plant, Siemens intends to give stiffer competition in world markets to its three bigger U.S. competitors−General Electric. Western Electric and Westinghouse...
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