Word: philco
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...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. At the end of 1956's first nine months. Motorola turned in earnings of $4.8 million, only 2% below the 1955 period v. a 49% drop for Admiral, a 65% drop for Philco...
...holder of the oldest name in automatic washers tossed in the towel last week. Bendix Home Appliances, which brought out the world's first automatic washer in 1937, will be sold, pending approval of final terms, by Avco Manufacturing Corp. to Philco Corp. Avco also said it will close its money-losing Crosley appliance business (refrigerators, ranges, radio-TV), leaving 78 distributors around the nation with nothing to distribute. Chairman Victor Emanuel ticked off a host of reasons for Avco's retreat from appliances: "Increasingly severe competition, large over-capacities, rampant price-cutting, rising costs of labor...
Sales already are rapidly concentrating among the industry's Big Five: General Electric, Westinghouse, Philco. RCA and General Motors' Frigidaire Division...
...Philcos' Executive Vice President John Otter argues that dealers want to carry only one or two brand names and well-advertised, full lines. When a customer buys a Philco refrigerator, he will have Philco in mind when shopping for a telvision set. Under Chairman William Balderston, Philco has been moving into full-line diversification, since 1949 has bought up the Electromaster Inc. range line, the Dexter Co. home-laundry line, will get still another new family of washers and Bendix...
...ions if they lose an electron, negative ions if they gain one. Philadelphia researchers have found that almost two-thirds of hay fever victims won quick relief in air that was heavily negative-ionized, snuffled and sneezed far more in air that was artificially positive-ionized. As a result, Philco Corp. plans to market a negative-ionizing air conditioner. ¶Automobile-accident victims often report "brain concussions" and are admitted to hospitals for study, but in 30% of cases studied by Manhattan Psychiatrist Joost A. M. Meerloo they prove to have no physical injury. Instead they are suffering from mental...