the EDITOR'S column L.T.
T H E
Welch High Form T R I P L E B E A M BALANCE
Hallett, Editor
• High Sensitivity • Stainless Steel
ELECTBONICS INDUSTRY IS bie
and getting bigger, but is it getting better? This question was posed by Dr. Arnold O. Beckman, president of Beckman Instruments, Inc., at the annual corporate meeting of the Western Electronic Manufacturers Association. In his talk, entitled "Electronics: Ageless . . . or Aging," Dr. Beckman noted that the electronics industry is in the public eye and is recognized for its explosive growth—five times that of the national economy —and for dramatic technical achievement. If this industry is to realize its full potential in the future, self-appraisal and corrective measures are called for. More specifically, he noted, while sales are increasing, earnings are not keeping pace. Also, foreign producers are challenging domestic manufacturers in both domestic and world markets. Foreign productive capacity is increasing, particularly in such areas as Japan, Hong Kong, West Germany, Italy, and Holland. Another matter of concern to the industry is the current disenchantment in the financial community with some of the so-called "glamour issues" due to the failure of many companies to increase their earnings. Possibly, as one financial publication expressed it, there was more wrong with what the investor was willing to pay not long ago than there is wrong now with the industry. Whatever the reason, however, it affects the source of funds for growth. To overcome these factors, Dr. Beckman recommended attention to several internal and external factors. The most serious one, he feels, is the lack of experienced management. Others include a trend toward foregoing pioneering
Capacity: 1 1 1 grams Sensitive to 0 . 0 1 g r a m ncludes adjustable platform specific g r a v i t y determinations
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Circle No. 163 on Readers' Service Card VOL. 34, NO. 4, APRIL 1962 • 7 3 A
