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\ A Year of Progress! The steady progress that has char- acterized the histoiy of the Radio Corporation of America continued in 19.53 as the volume of business increased for the seventh successive year, reaching an all-time high of $85.3,0.54,000. Progress in development of color television, approval by the Federal Communications Commission of sig- nal standards on which the RCA compatible color television system is designed to operate, set the stage for 1954 as the "Introductory Year" of color television. Significant ad\'ances on several fronts were made by RCA in 1953: 1. Magnetic tape recording of tele- \ision programs in both color and black-and-white, ushering in a new era of "electronic photography." 2. A new method, which, for the first time in histoiy makes it possible to convert atomic energy directly into small but usable cjuantities of electrical energy with sufficiently high current multiplication to oper- ate electronic apparatus. Based on this method, an experimental RCA Atomic Battery powered by a mi- nute quantity of a long-life radio- active isotoiJe was demonstrated. 3. Continued development and ap- plication of transistors revealed that electronics of solids holds tremen- dous possibilities for new advances in radio and television sets as well as in other electronic equipment. Foreseeing new opportunities in all phases of its activities, RCA has intensified research, stiengthened and expanded its organization, in- creased manufacturing caisacity and diversified its products. Our objec- tive is to maintain the leadership of RCA in radio, television and elec- tronics, to serve America and its people through production of the finest instruments and by rendering the most efficient and economical services. Om' watchword is quality and om- aim is to maintain the sym- bol "RCA" as a hallmark of depend- ability, superior performance and progress. ^^JZUaaJ^cu^ Chairman of tlie Board President IKesiilts at from RCA 1953 Products and Services Sold Per cent increase over previous year Profit before Federal Taxes on Income Per cent to products and services sold Per common share Total Federal Taxes on Income Per cent to profit before Federal taxes on income Per common share Net Profit Per cent to products and services sold Per common share Preferred DrviDENDS Declared for Year Per share Common Divtoends Declared for Year Per share Total Dividends Declared for Year Reinvested Earnings at December 31 Stockholders' Equity at Year End Working Capital at Year End Ratio of current assets to current liabilities Additions to Plant and Equipment Depreciation of Plant and Equipment Net Plant and Equipment at Year End Number of Employees at Close OF Ye.\R A topv of RCA Annual Report for 1!).53 will be sent upon request. Write Radio Corporation of America, 30 Roekefeller Plaza, N. Y. 20. Walter A. Buck John T. Cahill Frank M. Folsom Harry C. Hagerty BOARD OF DIRECTORS John Hays Hammond, Jr. George L. Harrison Mrs. Douglas Horton Harry C. Ingles Charles B. Jolliffe Edward F. NIcGrady William E. Robinson DAvm Sarnoff Radio Coiiporatiox of America U'orld leader in radio — jirst in (ele^'ision