A Reunion of Technological Titans

Titans Ge and Rca Will Form a Powerhouse in Defense, Electronics and Broadcasting

With the dramatic announcement that General Electric intends to buy RCA, a tale of two corporate friends turned foes has come full circle. It was in 1919 that Franklin Roosevelt, then Assistant Secretary of the Navy, encouraged General Electric to help create the Radio Corp. of America to make sure that the U.S. was not left behind in the field of wireless communications. For many years GE owned the majority of RCA's stock, and the two companies worked together on the development of radios. But in 1932 Government trustbusters forced GE to spin off its RCA holdings, and the firms became...

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