Industry: Peace, It's Wonderful

One of the lengthiest and most acerbic feuds ever waged by two grown U.S. corporations ended last week. In a joint announcement, Radio Corp. of America and Philco declared that they had settled a six-year battle of claims, counterclaims and court suits over color television patents. Under a complicated out-of-court agreement, RCA will pay Philco $9 million for permanent patent rights on all its color TV processes; in addition, Philco will have access without charge to all RCA color patents granted before October 1958.

The fight started as a mere skirmish between television giants maneuvering for position in the uncertain...

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