Emerson Radio

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Emerson Radio Corporation
Type
Public (AMEX:MSN)
Founded
1948
Headquarters
Parsippany, NJ, USA
Key people
Adrian Ma, CEO
Industry
Wholesaler
Products
Consumer Electronics
Employees
115
Website
http://www.emersonradio.com
Emerson Radio Corporation (AMEX:MSN) was founded in 1948. It is one of the United States largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets and licenses many product lines world-wide, including products sold, and sometimes licensed, under the brand name G Clef, a homage to Emerson's logo.
Contents
1 History
1.1 1915 - 1920
1.2 1921 - 1940
1.3 1941 - 1950
1.4 1951 - 1960
1.5 1961 - 1980
1.6 1981 - 1990
1.7 1991 - 2000
1.8 2001 - Present
2 Products
2.1 Consumer Electronics
2.2 HD Radio
2.3 Smartset
3 Historical Products
4 References
5 External links
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History
1915 - 1920
Emerson Radio Corp. was incorporated in 1915 as Emerson Phonograph Co. (NAICS: 421620 Consumer Electronics Wholesaling), based in New York City, by an early recording engineer and executive, Victor Hugo Emerson, who was at one time employed by Thomas A. Edison. The first factories were opened in Chicago and Framingham, Long Island, in 1920. In December of that year, the company fell victim to the unanticipated sales slump for phonograph music that accompanied the post-World War I recession and the growth of commercial radio. It went from the self-claimed third largest record manufacturer into receivership.
1921 - 1940
In 1922 Emerson Phonograph Co. passed into the hands of Benjamin Abrams and Rudolph Kanarak. Abrams, a phonograph and record salesman, along with his two brothers, ran the company and renamed it Emerson Radio & Phonograph Corp in 1924 after entering the radio business. The company's record interests were subsequently sold. Although Emerson introduced the first radio-phonograph combination sold in the United States, the company remained in obscurity until 1932, when, during the Great Depression, it introduced the "peewee" radio (see "Historical Products" below).
1941 - 1950
Emerson Radio & Phonograph converted to military production for World War II in 1942, when it held one-sixth of the U.S. radio market. In 1943, it became a public corporation, when it offered over 40 percent of its stock to the public for $12 a share. In 1947, among its first post-war products, Emerson offered a television set with a 10-inch tube. Although its ending retail price was nearly equal to a months salary for the average working American, it put Emerson at the lower end of the market. However, between fiscal 1948 and 1950, the high demand for television allowed Emerson to more than double its sales. Its net income reached a record of $6.5 million in fiscal 1950, with sales of $74.2 million.
1951 - 1960
In 1953 Emerson Radio and Phonograph purchased Quiet Heet Corp., which entered the company into air conditioning. Although radio represented only 15 percent of Emerson's revenue by 1954, the company credited itself as creating the firsts of the clock radio, self-powered radio, and transistorized pocket radio. And production of tape recorders began in 1955.
Emerson Radio and Phonograph paid $6 million to purchase the consumer products division of Allen B. DuMont Laboratories, Inc. in 1958. With this acquisition, a higher-priced line of television sets, phonographs and high-fidelity and stereo instruments, along with the DuMont trademark was added to Emerson's products. Unfortunately, by this time, almost every U.S. household that wanted a TV set already had one, and many customers who were in need of another set were waiting for color television instead of buying a replacement. Sales fell from $87.4 million in fiscal 1955 to $73.9 million in fiscal 1956, when the company earned a paltry $84,852.
A cost-cutting campaign by Abrams rebounded net income which reached $2.7 million in fiscal 1959 on sales of $67.4 million. In fiscal 1964 (Emerson's last full year of independent operation) it earned $2.1 million on sales of $68.2 million.
1961 - 1980
In 1965 the company acquired the Pilot Radio Corp. from Jerrold Corp. Its line of Quiet Kool air conditioners became a separate National Union Electric division. Later in 1965 Emerson Radio and Phonograph was purchased for approximately $62 million in cash and stock by National Union Electric Corp., a diversified manufacturer. This company continued to produce radios, television sets and phonographs distributed under the Emerson and DuMont names and hi-fi equipment under the Pilot name.
Between 1967 and 1971 the National Union Electric division lost about $27 million due to too...(and so on) To get More information , you can visit some products about fastener manufacturers, auto fuse, . The products should be show more here!