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NEW SERIES VOL. 3, No. 33
TELEVISION DIGEST-7
1 1 Profit gains of 10 firms that improved earnings were sizable in number of instances. RCA I jumped $5.4 million to $29. 4 million from $24 million. GE rose to $126. 1 million from $120 milT lion. Packard Bell bounced back from year-earlier $333, 000 loss with $805, 000 profit. GT&E climbed to $46. 3 million from $38. 4 million. Pacific Mercury, in year to March 31, nearly doubled earnings to $482, 740 from $252, 749.
Major sales gains were produced by Admiral— to $100. 4 million from $94. 7 million; Zenith— $166. 3 million from $146 million; Motorola— $172. 2 million from $159. 7 million. Westinghouse pushed over billion dollar sales mark from $957 million. RCA jumped to $877. 3 million from $853. 9 million.
Here are 1963-vs. 1962 first-half performances of 6 volume producers:
Sales Earnings
1963
1962
1963
1962
Admiral
. $100,418,045
$ 94, 740, 193
$ 1,463, 295
$ 858,058
Andrea Radio
2, 156, 576
2,733,058
(2, 904)
149,711
Magnavox
77, 880, 000
87, 563, 000
4,394,000
4, 285, 000
Motorola
172, 166, 230
159, 649, 347
4,913,094
5, 685,976
Wells -Gardner
9, 643, 000
9, 307, 000
131, 000
246, 000
Zenith
166, 289, 000
145, 997, 000
7, 654, 000
6,983,000
TOTALS
. $528,552,485
$499,989,598
$18,552,485
$18,207,745
Here are comparative first halves of
5 multi-product companies:
Arvin Industries
$ 46, 633, 000
$ 40, 108, 000
$ 1,213,000
$ 1,007,000
119,977, 000
GE
2,397,358, 000
2,318, 836, 000
126, 120, 000
GT&E (Sylvania)
684, 475, 000
649,338,000
46, 286, 000
38,387,000
RCA
877, 300, 000
853, 900, 000
29, 400, 000
24, 000, 000
Westinghouse
1,019,546, 000
956,971,000
26,589,000
25,514,000
TOTALS
$5,025,312,000
$4,819, 153,000
$229,608,000
$208,885,000
Here's fiscal performance of 4 additional volume producers:
Muntz TV
(9 mo. to May 31). .
. $ 9, 133, 199
$ 8,862,320
$ 532, 521
$ 783, 689
Pacific Mercury
(year to March 31) .
21,875,333
17,414,000
482, 740
252, 749
Packard Bell
(9 mo. to June 30). .
37, 967, 000
35,931,000
805, 000
(333,000)
Trav-Ler Industries
(year to April 30) . .
22,105,904
25,065,078
248, 766
639,499
TOTALS
$91,081,436
$87,272,398
$2,069,027
$1,342,937
QUALITY STABILIZATION— ANOTHER GO-ROUND; Amid growing industry belief that some form of Quality Stabilization legislation now is good bet to pass House this year. Senate Commerce Subcommittee is slated to open 3 -day hearings today on its S-774 version.
This will be Senate group's 2nd review of pros & cons this year (Vol. 3:23 p8), and interest is such that there won't be time to hear all who want to be heard. Among applicants who drew blanks were 2 members of anti-QS National Assn, of Mass Merchandisers, which had been represented at earlier hearings.
There's increasing belief that discount industry, which stands to lose much under QS regulations, I allowed opponents to steal march in House. With HR-3669 now through Commerce Committee and H awaiting action by Rules Committee to move onto floor, discounters are shedding apathy & sharpening battle tactics for "last stand" fight in Senate.