Word: cole
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Dates: during 1960-1969
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...Noel Coward's Private Lives. Extraordinary, too, how cheap potentially potent movies like Star can be. Theoretically, this screen biography of Lawrence holds the most powerful combination of ingredients available without a doctor's prescription: the story of the brightest star of the musical theater; songs by Cole Porter, Gershwin, Coward; Julie Andrews in the title role; all under the direction of Robert Wise, who made such box-office hits as The Sound of Music and West Side Story. Actually, the production is a hollow, frantic caricature-The Character Assassination of Gertrude Lawrence as Performed by the Inmates...
Star--Despite wonderful music, ranging from Kurt Weill to Cole Porter, an aimless, fruitless movie. The theatrical history, however, is fun, and Julie Andrews and Daniel Massey are likewise as Gertrude Lawrence and Noel Coward. At the GARY, 131 Stuart...
Fade Out. The largest independent U.S.. tube manufacturer, National Video suffered the classic one-product-company disaster. Seizing on glowing industry predictions of a surge in color TV sales, Cole decided to phase out production of black-and-white tubes, on which he was losing money, and switch to color. In 1965, he floated a $12,095,000 stock issue to bankroll expansion. Orders for color tubes from Motorola, Admiral and other set makers poured in, rocketing 1966 sales to $89 million. Profits reached $7,300,000 compared with the previous year...
Then- fadeout. Last year sales leveled off in defiance of predictions that a majority of black-and-white owners would switch to more expensive color sets. This year color TV sales are running 30% below expectations. Beyond that, many of Cole's old customers are now supplying more of their own color tube needs...
Selling Off. Cole now plans to cut costs drastically to reduce future losses like last quarter's $1,200,000 deficit. He hopes to retain as many of his 1,700 highly skilled production workers as possible, while selling off a small Long Island subsidiary and sizable chunks of Chicago real estate once earmarked for expansion space. Preferring to press on in living color even if it is red, Cole still does not plan to diversify, or even return to black-and-white, which has recently been enjoying a modest boom...