Word: sarnoffs
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...spoke President David Sarnoff of Radio Corp. of America to a stockholders' meeting last week...
Delbert Earle Replogle, vice president of Jenkins Television Corp., laughed at Mr. Sarnoff's statement. Said he: "Commercial television will be here in six or eight months." Televisionary Mr. Replogle had just come from Washington where he had conferred with the Federal Radio Commission on licensing television stations for commercial work. Though vague about his talk, he said it had been "most promising...
...disagreement between Messrs. Sarnoff and Replogle is one of the first sparks struck in a trade war that has been going on privately for a long time. On one side are independent companies which hold patents on television apparatus, the Jenkins company in Passaic, N. J., the Western Television Corp. in Chicago, the Shortwave & Television Laboratories in Boston. On the other side are the great electric interests, General Electric, Westinghouse and Radio Corp. of America, which have pooled all their television patents and are working secretly to perfect them, making none of their results public. This second group...
...talent will admit being either the originator or the "executive architect'' of the project. It was learned last week, however, that it was Senior Partner John Raynard Todd. of Todd, Robertson & Todd who suggested the radio-city idea to Mr. Rockefeller and who persuaded Vice President David Sarnoff of the R. C. A. and President Hiram S. Brown of Radio-Keith Orpheum to join the project. From the Todd offices came a brief statement giving the first definite news of what Radio City would look like...
...more than $8,000,000, so that a $10,000,000 or $12,000,000 fourth quarter seemed not improbable. But the actual fourth quarter net was only $2,166,685. End of the year stock-taking showed a very large inventory ($31,946,798). Early in May Mr. Sarnoff said that this inventory had been practically all disposed of, but did not say at what prices or with what effect on earnings. Although Radio Corp.'s position as licenser of companies making nearly 90% of U. S. radios enables it to show large profits in boom, radio times...