Electronics: Innovation, Junior-Size

In the complex and competitive electronics business, the race is to the swift —not necessarily the mighty. Two little-known companies reported that they have beaten out the world's corporate goliaths with important innovations in their fields.

> The world's first portable, transistorized color TV set that is ready for production was introduced by Japan's Yao Electric Co., whose founder, Keijiro Yao, 61, built a wartime radio manufacturing business into a diversified maker of appliances with sales last year of $67.5 million. His compact color TV has an 8-in.-by-6-in. screen, weighs only 19 lbs., and uses a single electron gun in...

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