Word: siragusa
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Dates: during 1950-1959
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COLOR TV SETS will soon be put on sale by Admiral Corp., because President Ross D. Siragusa believes there is finally a good market for color. Other TV makers, except color pioneer RCA, are still skeptical, do not seem likely to join in production. Admiral hopes to overcome consumer color-TV resistance by offering one-year guarantee on all parts, v. usual 90-day warranty...
...Corp.'s President Robert S. Ingersoll announced a 45% hike in earnings, noted that Borg-Warner has "a very substantial portion" of the parts orders for the Ford and General Motors small cars. Admiral Corp., reported a profit on a sales rise of 15%. Said President Ross D. Siragusa: "All the bad things are behind...
...most important reason for the lack of color television sales is the selfish attitude-the public-be-damned attitude-of the money-hungry, profit-hungry television networks [which] have refused to make any really serious effort toward heavy color programing," said Admiral Corp.'s President Ross D. Siragusa recently...
...clearance had a painful effect on profits. Grumbled Motorola Vice President Robert Galvin: "In the last two years the industry has sold 14 million sets without anybody making a nickel." Agreed Admiral's Chairman Ross Siragusa: "We the manufacturers, you the distributors and our dealers have been the greatest philanthropists in the United States...
...which licenses its 10,000 patents to most of the radio and TV industry, had an odd experience last week. It signed a five-year agreement with Ross Siragusa's Admiral Corp. permitting RCA to use an automated production system developed by Admiral at a cost...