Weekly television digest (Jan-Dec 1963)

NEW SERIES VOL 3, No. 34 TELEVISION DIGEST-11 Trade Personals ' Thomas R. Hays named sales mgr. of newly formed RCA Commercial Receiving Tube & Semiconductor Div. Joseph A. Halmes appointed distributor sales mgr., I RCA Electronic Components & Devices. Other appoint! ments in RCA Distributor Products organization: Joseph i J. Kearney, receiving & picture tube merchandising mgr.; I D. M. (Max) Branlgan, industrial tube & semiconductor merchandising n^r.; Kenneth B. Shaifer, distribution control & customer relations mgr.; R. J. Corbett, administrative services mgr. Robert B. Sampson, mkt. development mgr., also assumes new product planning responsibility. Milton J. Shapp, Jerrold chmn., awarded annual Distinguished Service Award of Frontiers International, nation's only Negro service club, for "distinguished service in the improvement of inter-racial & inter-group relations". . . Lawrence G. Haggerty, Warwick Electronics pres., elected a dir. of Jefferson Electric, Bellwood, ni. electrical products producer. Gerald J. Werner, Motorola traffic mgr., appointed 1963-64 chnm., EIA Traffic Committee. John C. Lobb, formerly H. M. Byllesby Co. pres. , appointed ITT Industrial-North America group exec. , responsible for ITT's Industrial Products Div. & ITT General Controls. Fred Kremer Jr. named nr Research Institute business operations vp. . . Donald J. Kaeim appointed Westinghouse cryogenic systems dept, engineering mgr. Dr. Wayne B. Nottingham appointed Electronics Corp. of America research vp. . . Frank J. Klernan, formerly General Precision industrial planning dir., named vp of GPE subsidiary Graf lex Inc. Fenton W. Guild appointed Sylvania operations analysis mgr. , succeeding Richard J. Price, recently appointed Semiconductor Div. controller. Eugene F. Guerin succeeds Guild as Microwave Device Div. controller. Saul Fast appointed National Co. engineering vp; I Samuel J, Davy named vp & asst, to pres. I Dimitri R. Stein, ex-Columbia Technical Corp. vp & dir. , forms Cable Consultants Corp. , 7 Woodland Ave. , j Larchmont, N. Y. UK'b 1982 electronics exports to U. S. jumped 30% I over 1961 to $29. 1 million, reported Business & Defense I Services Administration's Electronics Div. Record -playI ing mechanisms accounted for more than 37% of total I value. Mechanisms with record changers increased to 1, 172, 300 units valued at $10, 861, 000 from 1961's 1, 120, 500 at $10, 780, 000. Mechanisms without record I changers decreased-to 3, 100 at $25,000 from 11,400 at $105,000. British radios imported climbed sharply to 6,700 units at $191,000 from 2,800 at $81,000. UK ex1 ports of electronic phonographs & record players to U. S. ' were down-to 1,700 at $37,000 from 1961's 6,800 at $116,000. White House -to -Kremlin communications hot line project has awarded equipment contracts to RCA for radio, ITT for cable. MERGERS & ACQUISITIONS; Warwick Electronics & Pacific Mercury Electronics will merge if shareholders of both companies & Cal. Corp. Commission approve. Warwick would be surviving company, and terms call for Pacific Mercury shareholders to get 1. 1 share of Warwick common for each of 498, 500 outstanding Class A common shares. Pacific Mercury also has 200, 000 Class B shares, owned by Sears Roebuck which also holds major interest in Warwick. Class B shares would be exchanged at rate of one for each 1. 065 Warwick shares. Warwick Pres. Lawrence G. Haggerty is slated to become pres. & chief exec, officer of amalgamated firm. Pacific Mercury Pres. Joe Benaron would be Warwick senior vp, a dir. , head of Pacific Mercury Div. & pres, of Pacific Mercury subsidiary Thomas Organ, which would be included in merger. Other merger news last week: Electronic Communications has purchased for $1 million 75% of voting stock of Benson Mfg. , Kansas City, Mo. metal fabricator. Stock was purchased from Benson family, and Electronic Communications now will tender similar offer to other stockholders for remaining 25% of stock. Erie Resistor will merge manufacturing operations of its Fryllng Electric Products subsidiary with its Technical Ceramics Div. SECURITIES NOTES: Sprague Electric has registered with SEC $15 million of sinking fund debentures, due 1988, slated for public offering later this month via underwriting group headed by First Boston Corp. & F. S. Moseley & Co. Proceeds will be used to retire existing debt & to increase working capital. . . Westlnghouse is requesting tenders on maximum $15 million of its outstanding $285 million of 3 ]/2%, 30-year debentures due 1981. Purchase price will not exceed principal & interest accrued to Oct. 1, 1963. Chemical Bank N. Y. Trust Co. will receive debentures for Westinghouse until close of business Sept. 16. . . Tektronix, Beaverton, Ore. maker of cathode ray oscilloscopes, has registered with SEC 540, 000 common shares to be underwritten by group headed by Lehman Bros. Certain stockholders are offering 440, 000 shares of the issue, Tektronix 100, 000 shares. In its 1963 fiscal year ended May 25, Tektronix earned $5. 8 million on $70. 5 million sales. Reports & comments: Walt Disney Productions, discussion, Walston & Co. , 120 Broadway, N. Y. 5; comments, Bache & Co. , 36 Wall St. , N. Y. 5. . . A. C. Nielsen, review, Carl M. Loeb, Rhoades & Co. , 42 Wall St., N. Y. 5. .. Arvln Industries, review, J. R. Williston & Beane, 115 Broadway, N. Y. 6. ..AT&T, discussion, Josephthal & Co. , 120 Broadway, N. Y. 5. . . Motorola, analysis, Orvis Brothers, 15 Broad St. , N. Y. 5. Nearly 1/3 of consumers who plan TV purchase in next 12 months will buy color set, according to Home Makers Guild of America survey based on 903 respondents. Of this group, 9. 3% plan TV buy, and 29. 3% will make it color. Zenith leads brand-preference parade with 25. 9% vote, followed by RCA, 22.2%, GE, 12.4%, PhUco, 11. 1%, Motorola, 7.4%. Only 35.4% have portable set in mind, 34. 1% Avill buy console, 22% table, 7.3% combinations, 1. 2% tinyvision.