Word: motorola
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...system developed by Wichita's Lear Jet Corp., recently demonstrated it in Manhattan to 40 other recording companies in a pitch for adoption of an industry standard. On the strength of Ford orders, Lear has set up a separate division in Detroit to manufacture its tapes and cartridges. Motorola, which is building the dashboard players for Ford, is already working on the next stage of cartridge stereo-tape development: a home model that will play auto tapes. For its part, Ford will stimulate sales by selling stereotape cartridges in its dealer showrooms, featuring RCA recording artists...
...less and are meant for bedrooms and dens. Because of the high volume of portables and the trend toward multi-TV families, black-and-white sales are up 12½% this year, are expected to reach 8,000,000 sets. "The beautiful part about color television," says Motorola's Vice President Sylvester Herkes, "is that it has not displaced the black-and-white market." This year, however, most manufacturers expect that the dollar volume of color sales will top that of black and white, reaching $1.2 billion v. monochrome's $1.1 billion...
...expansion program for its color-tube facilities. Admiral, which complains about the price of the RCA tubes it buys for its sets, will become the sixth U.S. maker to manufacture its own color tubes when its new $12 million factory is finished. National Video, the supplier of Motorola's 23-inch color tubes, is spending $4,000,000 to double its capacity. Sylvania has developed a new color tube with a rare earth phosphor that makes it 40% brighter than others on the market. Last week Zenith introduced its new 25-inch rectangular color tube, which shows more...
...profit highs were also reached by such varied companies as Du Pont, Motorola, Texaco, Sun Oil, Minnesota Mining, United Air Lines-and those that did not set new marks contented themselves with hefty hikes. B. F. Goodrich raised profits 15.5%, and Reynolds Metals 25%. The nation's second largest railroad, the Pennsylvania, was up more than 500% in the first half, and the third biggest road, the New York Central, turned a $4,400,000 loss into a $10.7 million profit. If the second half continues at the first-half pace-which ran ahead of all estimates...
...fact is that, for the third successive year, profits for many U.S. corporations are increasing at a faster rate than sales. Among last week's headiest profit gainers: Chrysler, up nearly 50% on a 22% sales rise; Motorola, up 76% on an 11% gain in sales; American Airlines, up 86% on a revenue increase...