Word: philco
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...gadgets become increasingly complex-and the repair bills mount-every businessman is attacking the problem at all levels, from the small local repair shop up to the factory production line. Philco, Motorola and other manufacturers have found that it is often better to scrap the inevitable lemons that crop up in every model than try to repair them. Sears, Roebuck recently exchanged a Dallas customer's TV set five times before both company and customer were satisfied. To eliminate a troublesome production error, Norge spent thousands of dollars changing the transmissions in 27,000 washing machines. Major companies have...
...Zenith ten annual installments of $1,000,000 beginning Oct. 1. More important, Zenith got royalty-free licensing rights from RCA and General Electric on black-and-white TV equipment, including tubes. It got similar rights on common-carrier communications equipment from Western Electric and the Bell System. At Philco Corp., which in 1956 filed a still pending $150 million antitrust suit against RCA involving color TV patents, nobody was talking yet. But after Zenith broke the ice, RCA's patent pool seemed to be thawing at last...
...producing movies on his own, announced a break with TV, and to the New York Journal-American gave two reasons: 1) "I never made any money in TV. I received $1,200 for Marty, and the most I ever got was a little more than $2,000 for a Philco script. One year I wrote nine full-hour shows and numerous half-hours, and made $12,000 altogether"; 2) "I ask a lot. I insist on veto power when it comes to casting. I ask for veto power on a director. I insist that nobody can change a line...
...flattest notes came from the TV industry, which has been battling tougher competition and slower consumer sales. Admiral Corp.'s first-quarter sales dipped 13% to $42.4 million, while profits declined 67% to $427,744. Philco Corp. and Sylvania Electric Products, Inc. managed to increase their sales slightly, but saw profits drop, Philco's by 27% to $1,107,000 for 1957's first quarter, Sylvania...
...necessary price to develop color TV," says Burns. "Like all developments, there is an incubation period that costs money, then a rapid rate of growth when the product is right for the market and pays off." Burns will also have to deal with charges of monopoly against RCA: Philco last week sued RCA in an attempt to break a patent pool through which RCA collects royalties on some 12,000 patents, and both Zenith and the Government are suing to break the pool. Another of Burns's major jobs will be to develop young executive material. If Burns succeeds...