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H e ini Radio Ne ws Service
8/7/46
I.T.& T. TO DISTRIBUTE TIMES TELEPHOTO FACSIMILE UNITS
International Standard Electric Corporation, world-wide manufacturing and sales organization of the International Telephone and Telegraph Corporation, has arranged for the distribution in foreign countries of facsimile and telephoto products manufactured by Times Telephoto Equipment, Inc., wholly-owned subsidiary of The New York Times Company, it was announced August 4th at I. T. & T. 1 s headquarters in New York City. These products, developed origin¬ ally for news photo transmission, were used for many purposes in the communication services of the armed forces during the war, as well as by the Office of War Information. A wide demand has been created for such equipment in this country and abroad.
Until recently, Times Telephoto’s entire production capa¬ city has been devoted to getting out sets for the United States Government and The Associated Press, but equipment is now obtainable in larger quantities.
The International Standard Electric Corporation controls and manages the manufacturing and sales organizations, assembly plants and sales offices and depots of the I. T. & T. system through¬ out the world. I.S.E, itself, has 27 affiliated manufacturing com¬ panies in Great Britain, continental Europe, Latin America, Australia and New Zealand, and China and Japan, with sales and service branches in most other countries of the world. The organization is equipped to sell and distribute telecommunication, electronic and electrical equipment in 75 countries. In the Latin American field, I.S.E. is particularly active in selling and distributing American products through its Export Department whose headquarters are in New York.
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RCA CONSOLIDATE INCOME STATEMENT SHOWS DROP FROM 1945
The consolidated statement of income of the Radio Corpora¬ tion of America and subsidiaries for the second quarter of 1946 and the first six months of the year show that net income after all charges and taxes was $5,666,299 for the first six months of 1946, compared with $5,677,191 in 1945, a decrease of $10,892. The net income for the first six months, it was said, reflects a charge for reconversion expenses to the postwar reserve of $2,651,000 and a related tax reduction of $1,625,000.
After payment of preferred dividends, net earnings appli¬ cable to the common stock for the first six months of 1946 were 29.5 cents per she re, the same as the earnings per share in the first half of 1945.
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