Word: philco
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...Philadelphia Philco employee, Rodgers came out of Northeast High School with an average of 35 points per game, graduated in 1958 from home-town Temple University as a near-unanimous All-America. With the Warriors, Rodgers regularly holds lonely practice sessions to perfect his passing techniques. "I'll put a chair in a certain place," he says, "and pretend it's Bill Russell of the Celtics, and that I'll have to fake him a little to get the ball to Wilt. I dribble at the chair like it's Russell. I can practically...
Many a U.S. manufacturer has hungrily eyed the underdeveloped British TV-phonograph market: only 65% of all British households have TV sets, v. 90% in the U.S. But the market is tough to bite into; purchase taxes and distribution costs are high. Philco sold its British subsidiary after trying; other major U.S. manufacturers shied away. Last week Magnavox Co. announced that it will go out after the British market in force...
...Arabs' economic blockade of Israel has probably caused Israel more injury than Arab armies did in two wars. It has effectively deterred Israel's plans to set itself up as an industrial nucleus to serve Middle East markets. Such well-known U.S. firms as Philco Corp., Standard Oil (New Jersey), British-Shell and Socony Mobil Oil Co., Inc. have removed themselves from the Arab League blacklist by deciding that doing business in Israel is uneconomic...
...current blacklist, drawn up in Cairo, names 48 American firms. Included are Empire Brushes Inc., Kaiser Industries Corp., Dow Chemical Co. and Plough Sales Corp., because they have branches or agencies in Israel. Individual Arab countries have their own blacklists, which are even more capriciously kept. Philco radios and air conditioners were banned in Saudi Arabia even after the firm's name was removed from the Arab League blacklist. Last February, after Elizabeth Taylor bought $100,000 worth of Israeli bonds, the United Arab Republic banned any further showing of her films in Syria and Egypt. Presumably the boycott...
Even stocks of electronics makers who sell chiefly to consumers sold off easily. Zenith Radio Corp. established a first-half record with earnings of $1.66 per share v. $1.01 last year, but lost 14⅛ points during the week. Philco Corp. came back from a $1,400,000 loss in the first half last year to earn 54? per share for the first six months of 1959, was off 2⅞ for the week. Motorola, which set a second-half record with $3.04 per share v. 76? last year, dipped seven points...