Word: philco
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TRANSISTOR PRICE CUTS of 5% to 60% are coming from Philco. Company says its new automated production line is three times faster, making radio transistors competitive with vacuum tubes...
Business Machines. Among the new office gadgets displayed in Manhattan's Coliseum: Philco's Transac 52000, the first commercial all-transistor computer (rental fee: $28,000 to $40,000); Thomas Collators Inc.'s completely automatic rotary drum collating machine, which sorts and staples, detects misses or doubles, piles and packs up to 25,000 sheets of paper an hour (price: $9,000); Perk-ette's coffee machine, which spurts a fresh brew at pre-set intervals, thus always has coffee fresh at coffee-break time (installed free on $5-a-day guarantee); Coffee Vending Service...
...firms welcomed the recovery with greater relief than Philco, which has been in deep trouble. After being in the red for the first five months this year, Philco made a slight profit in June, has been in the black since. The pickup in Philco refrigerator sales was so marked that Philco brought out its 1959 models in August, six weeks earlier than usual. Laundry products have picked up so fast that Philco put in an extra assembly line for the Duomatic washer-dryer. And though TV sets are still the industry's weakest spot (down 24% from last year...
...responsible for Philco's comeback is President James M. Skinner Jr., 43, who took over in 1956 when the company was racked by management troubles. He streamlined operations, brought in new executive brains, paid off the $25.9 million debt, and strengthened Philco's position in the laundry field by buying out Bendix. Skinner is convinced that Philco will come close to last year's sales despite its first five bad months. Says he: "We are in a pleasant position. We believe this trend will continue into...
Hawaiian Holiday. Philco Distributors of Los Angeles recently offered a Hawaiian holiday to its top dealers, retailers and sales personnel, got 100 winners. The program cost $60,000, but it increased sales 30% during the contest period. Bell & Howell this year will give three trips to Las Vegas, Nev. for top salesmen, with the added incentive that head office VIPs will take over their territories, push the least-promising prospects. Some companies offer fully paid trips to Europe...