Word: phonographers
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...something out of the past in more ways than one. Class-conscious publicans still provide a "saloon" for the gentry and a "public" bar for the lower classes, where a pint is a penny cheaper. Dog-eared signs command: "No Singing," "No Gambling," "No Credit." Listening to phonograph records or sports broadcasts is forbidden. Finally, there is the most exasperating restriction of all-"Time, gentlemen, please," which is the theme song of the most bewildering set of license laws in Christendom...
...Havana, Castro read the statement, picked up the phone, ordered his propagandists to "calm down." The attacks whined to a standstill like a stopped phonograph record. In Washington, a report of the Central Intelligence Agency, in effect the most authoritative official U.S. appraisal of Castro, called him "not a Communist and certainly not an anti-Communist," but a violently anti-American nationalist being used by the Communists in an "intense" drive on Latin America. In Latin America, where Castro's prestige has been shrinking because of this fact, Ike's statement was cheered as wise handling...
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...
...Broad-shouldered, hoarse-voiced Frank Freimann, 53, has kept once slow-moving Magnavox clipping along at a fast pace. He will shortly introduce a new electronic organ for the home (price: $700 to $1,500). In stereo, he pushed Magnavox ahead of the field by switching over its entire phonograph line to stereo in 1958, bringing a mass-produced stereo set to market before any other U.S. firm. His bet on stereo's future paid off handsomely. Magnavox sales jumped 36% to $107 million in 1959, and profits rose 85% to $4,500,000. The company now sells...
Lifetime Critic. Hungarian-born Frank Freimann has been a critic most of his life. Brought to the U.S. by his mother, he went to work for an Indiana radio-phonograph company after leaving technical high school. He criticized the company's sets so much-and proved that he was right-that at 19 he was made chief engineer. After a series of other jobs and two trips around the world as a ship's radio operator, he founded his own company in Chicago to manufacture custom sound systems. In 1932 he sold 30% of his stock to supplier...