The Los Angeles Times from Los Angeles, California • 57

I ikl.is. July S. I9K2 Tart IV 5 Coa Angetea (Timea OAK: Company Is Poised for a Boom WESTLAKE north ranch If you're going to spend overSSOOOOO on a new home wouldn't you rather the nearest sign read "1st L) -j V. llt I N. it MAN' Residential Estate Lots 12 to 6 acres Magnificent views Many of tlie sites near country club and golf course From $170,000 Continued from Flrtl Pf Previously, the service was restricted lo areas already served by four conventional TV stations, and iu broadcast hours were limited, A week later, the FCC gave broadcasters authority to offer direet-broadcast-by-satellite service.

While Oak is a pioneer in this risky field, analysts were lukewarm about the development because the satellites are not expected lo be available for several years. Meanwhile, they say. cable, which can provide more than 100 channels for about the same cast of the three satellite-lo-home channels, and other competing technologies could crowd the market. To gear up for the satellite-lo-home service. Oak had hoped to have by June, 1983, an interim program with Telesat Canada, a satellite communications operator.

However, that date has been moved ahead to late 1983 or early 1984, Oak's chairman said. Under their arrangement, Oak would lease four channels on Telesat's satellite and beam scrambled programming on two channels to subscribers in 14 Norlh- INFORMATION Cf.NTKR BrownRealtors Biokci KM) WestLike Blvd. Wcstltikc VilUjc. Calif (HOf)) 49b M.r,l (213) 70( OKI IK eastern stales and parts of the Pacific Northwest. While channels on the Telesai satellite available to Oak will have 30 walls of power, the direct -broadcast satellite expected lo be available in 1986 will have 2O0 watls.

The more powerful the satellite. Ihe smaller and cheaper a subscriber's satellite dish ill have lo be. By 1986. Oak's dishes are expected lo cost as little as $200. (By contrast, today's generation of dishes costs $20,000 or more.

SUrl-l'p Coiti In the meantime, though. Oak will continue to fund slart-up of a new 56-channel decoder box for cable TV to replace the current 35-channel model. Sanjoy Bhaitachary, an analyst with Lehman Bros. Kuhn Loeb estimates that full-year slart-up costs for the decoder could total more than $14 million, further depressing Oak's earnings. (The company estimates those costs at $10 million.

About $4.6 million in such costs helped depress first-quarter pre-tax profit by about 14, a decline iht caught many on Wall Street by surprise, analysts say. (However, first-quarter after-tax profit rose 19 to $7.5 million, or 46 cents a share, because of tax benefits in Taiwan, where some decoder boxes are assembled. Analysts are projecting flat second -quarter earnings, while Carter says he expects profits to be "slightly ahead" of the $6.7 million, or 53 cents a share, in Ihe same period a year earlier. Revenue in ihe 1981 second quarter totaled $126.9 million. For Ihe full year, he expects profits to be more than 10 higher than ihe year-earlier $2.01 a share, an estimate that is roughly in line with analysts' estimates.

With 19.1 million Oak shares. Carter's projection would mean profits of $2.21 a share, or $42.2 million. Last year, Oak earned $30.4 million on fewer shares. Revenue in 1981 totaled $507.1 million. Bhaitachary, Ihe Lehman Bros, analyst, continues to recommend Oak slock as a long-term buy but he believes that near-term prospects for the next 60 days or so are "not positive." l.Utui cit')'to)f(H'fl( hi, The I'Tlliii'lilUll Insurant t- if ur Ann'rn Pn t' sublet ti fiUMt.ii' Sepulveda to MountainGate Dr.

Between Sunset and Mulholland. At the very top of Brentwood. (213) 470-3077 Country Club Estate Townhomes iountaii From $55.000 with excellent financing. ft Own Part Of A Small Elegant Hotel On San Francisco's Nob Hill Tin' Noh Hill Inn is m.innilucntly restored Irum tin- hJw.irJi.in cr.i. The amhieiu'e is A five-minute iilk trom Union Squ.ire IVrson.il serviie.

Turned Jow heds niuht. Shoes sinned, hutioiis sewn while you sleep. Hre.iU.ist served in your room. Shares ol the Inn are now av.ul.ihle in modestly priced timesh.ire units. Purchase is lee simple.

Buy a week or more to use annually in increments as brief as 24 hours at a time. Like other real estate, your timeshares can be resold, rented, traded or bequeathed. Full price (one time only) from $6,500 plus nominal annual maintenance fee and applicable taxes which may increase. Excellent terms. Two day Inn viif including flight and rr Vr-- ioof accommodation tor two art availabta tor l'OUU'Dj Z'loO $199.00.

Talaphona for datail. MONEY BROKERS Continued from First Page such as Bank of America and Citibank. In these cases, the size of the certificates is often in the multimillion-dollar range. Also, the brokerages often buy and sell big certificates for their own accounts, whereas money brokers only sell certificates to clients on a commission basis. So lVs-year-old Professional Asset Management and other money brokers sold certificates for Penn Square and others, often for very lucrative commissions.

Professional Asset Management, received a fee of 15 basis points (0.15 for each $1 million in certificates of deposit sold based on a one-year term. For a 90-day certificate, that translates into a commission of $375 for each $1 million. By comparison a certificate salesman for Bache Halsey Stuart Shields a major traditional brokerage, earns $125 for a similar sale, said Jack Ben-Poral, a Bache vice president for institutional sales. Goldsmith said the volume of business he handeled for Penn Square varied widely, but on some days it reached several million dollars. And by many counts it appeared that Penn Square was far from insolvency before federal regulators closed it Monday because of bad loans.

Its independent auditor, Ner York-based Peat Mar-wick Mitchell, gave the bank a clear opinion in its recent financial reports. "I would challenge anyone to examine their latest annual report and come away with anything but high praise for that bank's activities," Goldsmith said. Unfortunately, critics charge, money brokers such as Goldsmith apparently did not scrutinize the bank any closer or examine the potential for cash-flow problems among the oil firms borrowing from Penn Square. Some money brokers, the critics said, operate with staffs often as small as three or four people, and thus cannot conduct the type of industry research and analysis that major brokerage houses can. Prizes Refreshments Saturday, July 10th 10:00 A.M.

to 4:00 P.M. PERSaMfllXPaUUER software for computers Software and books for personal computers Corporate Earnings General Electric Co. said second-quarter earnings rose 7, to $465 million from $436 million in the corresponding 1981 period. The Fairfield, company reported improved earnings from aerospace, aircraft engines, medical systems, nuclear fuel and Tnnv (irrtiiurnu'ii(s courtesy oh Mi Inn. OjVr limited.

Visitors njnv to iittcnci (i soi's M'fsi'ntotioM in Son itin-lisio. Minimum oc i nnmictl. inli HiTtics must otii'nd. services, information services and the General Electric Credit Corp. Those operations more than offset declines in other businesses, mainly major appliance and lighting and engineering materials, the company said.

SAN FRANCISCO GE said its sales in the second quarter were $6.63 billion, 5 lower AltYt iiiui talk u'itli rcprf.si'iitiitiivs from VISICORP MICROPRO LIK.S'STH.1S THE SOURCE MICROSOFT ET.AL than the $6.95 billion reported a year earlier. Chemical New York parent of the nation's sixth-largest bank, reported a 9.7 second -quarter profit increase. The holding company of Chemical Bank said net for the quarter, after securities transactions, was $57.6 million, up from $52.5 million. The increase reflected conversions of convertible stock, notes and debentures, plus a $200-million issue of preferred stock. For the first six months, final net was $119.3 million, up 6 from $1 12.4 million in the year-earlier period.

For detailed data and raautts of othar companias, plans accompanying tables. (213) 703-7921 21 119 Victory Blvd. Located in Warner Square between Canoga and DeSoto Avenues Easily accessible from the Ventura Freeway DeSoto Avenue of Canoga Avenue orframp AMERICAN SECURITY CORP. len 2nd qtr. Junt 30; OREAT AMERICAN RANCOR 2nd qtr.

June 3ft 112 1N1 Net Incomt 1101,000 334.000 1M1 t4.7T2.0M U.41V0O0 Ptr there .05 .15 4 mot. there .12 .21 MITSUI MANUFACTURERS ANK-t 2nd qtr. June 3ft 112 mi Net Incomt Per inert 4 mov there AVAHT1K INC II wki June I Revenue Net Incomt Per there 74 wfct. there Backlog net income ti.2tt.uw 13,04,000 Per there .54 .71 ten mi mmooo H17M.0OO 1447,000 1141.000 .13 .13 50,441,000 45.4U.000 4 mot. there 1.13 1.54 a Mlttule Benk of Cellfornle and Menufacturert Bank of Lot Angeles merged on June 30.

111, to form the pretent mittuio Manufacturer! Dank. PACIFIC SCIENTIFIC CO. ltii 151500,000 2.13 443 4.03 Vlloilti llHitlKti.MrMiMli. iilIIIIVfiiiiiiiiii CHEMICAL NEW YORK CORP. InH qtr.

Junt 30 Itej Net Income 157,400.000 Per there 2.05 4 mot. there 4.44 Diluted 4.05 CITIZENS SOUTHERN OA. 2nd qtr. June 10. IM2 Net Income 110.

100.000 Per there .33 4 mot. thare .70 COMMERCE SOUTHWEST 2nd qtr. June 30. 112 Net Incomt (4,570.000 Per thare .24 Diluted 23 Share! ie.SeO.i52 mi iio.eoo.ooo .34 .72 lit! uioaooo .23 .21 17,121. in DOW JONES a CO.

2nd qtr. June 3ft i Revenue Sli3.5tl.0O0 I14O.41S.0O0 Net Incomt 24,030,000 11M7.000 rer there .74 2nd qtr. Junt 3ft 112 let I Revenue 120,57,000 11471,000 Net Incomt 1221,000 1073,000 Ptr there .37 .35 4 mot. thare .75 .70 Backlog 51,700.000 4t, 700.000 PIER I IMPORTS qtr. May 31: IW2 11 Revenue 145.105.000 144.014,000 Optr.

net 1,444.000 1 7,000 Per there .25 JO Net Incomt 1473.000 3.154.000 Per mare .44 .72 moL oper. inert .43 .40 9 mo net there 1.20 1.05 PITTSBURGH NATIONAL 2nd qtr. Junt 3ft 112 111 Optr. net 114.341000 115.177.000 Net Incomt KHZ0O0 HH2.000 Per there 1 20 1.20 4 mot. than 2.35 2.23 SUBURBAN BANCORP 2nd qtr.

Junt 117 111 Net Income MH7.000 244,000 Per there 1 04 4 mov mart 2.00 1.75 UNITED TELECOMMUNICATIONS 2nd qtr. June 3ft 113 Wtl Revenue I4O2.0OO.O00 1544.700000 Net Income 45,000,000 5O.WO.0O0 Per thare .54 .44 Diluted .54 .44 4 mot. there 1.20 103 Diluted 111 14 Averege there! 77,100.000 73,700.000 WACHOVIA CORP. 2nd qtr. June 3ft 117 1H1 Net Income 114,100.000 114,500.000 Per there .40 4 mov mere 1.47 1.74 1 111 retteted.

4 mo, thare 1.33 1.12 GENERAL ELECTRIC CO. 2nd qtr. June JO ten Pepperdine has an MBA program that puts senior executives in a class by themselves. Revenue Net Income 465,000.000 434.000,000 Per there 2 05 l.tj 4 mot. there 3.71 Iff GENERAL MILLS Yeer Mev 3ft 1W2 let! Revenue 15.310.OO0.O0OUI5aO0O.0O0 Net Income 225.500.000 1400,000 Per there 4.44 30 4th qtr.

there .41 .73 GORDON JEWELRY 3rd qtr. Mev 31: It? Ill Revenue I101.0M4I1 1104,431.442 Net Income 1.024.2M 4,474,443 Per there .12 .54 mot. there 130 3.30 tell retteted. The PresidentialKey Executive MBA program is designed specifically for, and limited to. senior management.

To be admitted to the program, a candidate must have a minimum of 10 years of organizational experience and currently lUMH I THE GREAT I I OUTDOOR SPEAKER I Pepperdine University Prcsidoitialluv Exmttirc MBA must be working as a key executive. An undergraduate degree is required. The program is built around the needs of successful business leaders. Program content addresses directly the unique The "90 Day Wbnder" I SALE! I ENJOY STEREO SOUND IN YOUR BACKYARD! i offers an unbeatable combi nation of benefits. High interest.

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mount easily to roof overhang or concerns and responsibilities of those in the highest decisionmaking positions. The PresidentialKey Executive MBA degree may lx- earned in 24 months. Class size is limited to 20 niemlxTS. Individuals in the group move through the program together. A major lx-nefit is the opixiHunity for class memlx'rs to exchange ideas with executives from a wide range of businesses.

Participants build on each other's strengths and learn from one another's business experiences. In addition to class meetings, a class chairman meets individually with each student monthly. In these sessions, program content is related to specific business problems and tutorial assistance is provided. The program is offered in Northern and Suit hem California. For more information alxuit this challenging program, please call Dr.

Frank Lirgent at (213) (ilfv022 or Even on early withdrawals, you still earn 6 annual interest. There's no 3 months' forfeiture of interest or loss of principal. Available to California residents only. Rate offered on accounts opened through Monday. Bawd on renewals at the nnmcrntr.

Ratcmaychanueat rvnrwal. Commercial Credit COMMERCIAL CREDIT PLAN, INC. Downey. KM 15 Lakrwaxl HIvH. 5K121 1 9211 W.

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