Word: motorola
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Dates: during 1950-1959
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What was happening in autos was happening in other industries. Appliance makers worried about the day when the industry will be dominated by six or eight big companies. "Even in the relatively young TV industry," says Motorola President Robert Galvin, "there will be fewer companies, but they will be healthier." Trying to compete with giants, big and little alike merged and diversified, becoming giants themselves...
...Robert William Galvin, 34, was elected president of Motorola Inc., replacing his father, Paul V. Galvin, 61, who becomes board chairman and remains chief executive officer of the company he founded 28 years ago. Born in Marshfield, Wis., young Bob went to work in Motorola's stockroom in 1940, has been with the company ever since, except for a hitch in the wartime Signal Corps. In 1954 Motorola muscled its way into the company of the TV giants (Philco, Admiral and RCA), now claims to be the nation's No. 1 radio-manufacturer...
Matinee has been bought by such sponsors as Bab-O, Motorola TV and Tide, but it has never been a sponsor sellout. However, prestige-conscious NBC is so happy with its plaything that it has booked Matinee for a second year, with a $5,000,000 budget. An "Emmy" Award winner ("Best contribution to daytime programming"), Matinee currently gets more than 2,000 letters a month, last week vaulted into the top slot of daytime dramatic-show ratings...
...wrist radio, a hearing aid so tiny that it fits inside an eyeglass frame. In a jet fighter the use of transistors cuts 1,500 Ibs. from the plane's weight. Last week the mighty mite had the electrical industry racing madly to expand transistor production: Motorola is putting up a $1,500,000 plant in Phoenix; Westinghouse is building in Youngwood, Pa. and Sprague Electric in Concord, N.H. ; Philco bought a 100,000-sq.-ft. factory in Spring City, Pa., RCA is moving into a 120,000-sq.-ft. factory at Bridgewater, N.J.; Texas Instruments Co. is planning...
...Union Oil, etc.), who put up $618,000 for 25,000 shares of American Airlines alone to support the market during the cardiac break, at one point was $163,000 in the hole. ¶John Coleman, 53, head of Adler, Coleman & Co. (53 stock issues, including American Tobacco, Armour, Motorola). ¶Benjamin Einhorn, 48, partner in Astor & Rose, which handles Sperry Rand and 14 other stocks...