Word: magnavox
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Last week Magnavox President Frank Freimann announced that 1966 sales had jumped 36%, to $453 million, earnings had soared more than 50%, to $34.7 million, or $2.25 a share. More over, the company clocked an estimated 30% return on invested capital, against 12% for U.S. industry as a whole...
Although it runs only sixth among the nation's television makers, New York's Magnavox Co. outdistances most of the field in spectacular sales growth. With the exception of 1963, it has broken its own records for the past eight years...
...that would make a union man scream for overtime pay; The leading contender for academe s top tubeman is the University of Texas Saleh Abdulrahman Athel, a studei from Saudi Arabia who started watching to learn English, then just stayed and stayed and stayed. Now, on his Magnavox portable he soaks up eleven hours a day. "Everything's fine with TV" he beams, "except the blasted commercials." He's not exactly sure of the time he spends studying Its regulated by the day's TV schedule, offhands. Allowing about ten hours a day for sleep and classes...
Frank M. Freimann, president, Magnavox...
...15th consecutive quarter, the MAGNAVOX Co. reported both sales and profits up. This time, Magnavox's gross rose 50% over last year's level, to $44.5 million, while its profits jumped a whopping...