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5/10/40
LARGE TELEVISION SCREEN SHOWN BY RCA
Television on a screen measuring 4^ by 6 feet was demon¬ strated before the annual meeting of the stockholders of the Radio Corporation of America in New York Tuesday as President David Samoff forecast that ’’in time, television is bound to revolution¬ ize the broadcasting industry".
Detail on the enlarged images, which compared with the 8 by 10 inch screen used on home receivers now on the market, was excellent. In fact, viewers in the rear of the NBC studio where the meeting was held could see perfectly despite the distance of nearly 80 feet from the screen.
In introducing the test, Mr. Sarnoff said that the 4-^ by 6 foot screen was an intermediate step, the next, ready in three months, to be on a 9 by 12 foot screen, full theater size.
The Corporation reported March quarter net profit of $2,312,893, equal to 11 cents a share on common after preferred dividend requirements, a big jump compared with the $1,448,110, or 4 cents on common, for the 1939 March quarter.
Gross volume of RCA in the first quarter totaled $28,310,407, a gain of 13 percent over $25,004,989 in the 1939 March quarter, David Sarnoff, President told stockholders at the annual meeting.
Earlier Mr. Sarnoff announced that a quarterly dividend on the outstanding shares of the Corooration ’ s $3.50 cumulative convertible first preferred stock, and a quarterly dividend on the outstanding shares of "B" preferred stock, were declared at the regular meeting of the Board of Directors held last week.
The dividend on the first preferred stock is 87-g-/ per share, and the dividend on the "B" preferred stock is $1,25 per share. These dividends are for the period from April 1, 1940, to June 30, 1940, and will be paid on July 1, 1940, to stockholders of record at the close of business June 7, 1940.
The RCA building at the New York World' s Fair has been enlarged, a new main gate facing the Long Island Railroad sta¬ tion added and an auditorium has been installed in which movies of the latest television achievements are shown.
Ten small air-conditioned living rooms have been equipped with television receiving sets, and there is a television trans¬ mitting station. A thirty-foot fishing cruiser is anchored in the garden pool and live Florida fish in the water, stuffed fish on the dock, serve as a stage for television broadcasts. Part of the new wing houses a facsimile broadcasting demonstration. The electronic microphone, a brand-newby-pro duct of RCA laboratories, is to be displayed. A radio assembly line will be in operation, and the visitor may buy the set he has watched being put together.
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