The Daily Times from Mamaroneck, New York • 60

k. -k -v -V i t.bi, tfj mp yjuir t-, Magi earnings nearly tripled iiinumDI 1 Yi Commentary Advice V. IIHIMIIII Dll D10' D10 linUMNIIHNIIIIIIMl Section Gannett Westchester May 26, 1982 12 The Mathematical Applications Group, Inc. (MAGI) of Elmsford nearly tripled its earnings for the year ending March 31, on 16 percent lower revenues. The figures: net income rose "to $670,592 (42 cents per share) from $238,314 (1 cents) in the prior fiscal year, on revenues that fell to $7.85 million from $9.36 million.

For the fiscal Gannett chairman foresees record earnings for 1982 Business Beat fourth quarter, net income of $208,633 (13 cents) stood in sharp contrast to the year earlier net loss of $25,000 (2 cents), despute a $141,000 income tax credit arising mainly from the carry-Oback of investment tax credits. Revenues held almost even at $1,858 million, down just 0.2 percent from $1,862 million. The record performance reflects a 43 percent increase in revenues from computer services for the direct-marketing field, 145 percent from software for computer-aided design and computer-aided manufacturing (CADCAM), and a five-fold increase in volume from computer-generated imagery for motion pictures, according to -President Phillip S. Mittelman. The decline in revenues was attributed by Dr.

Mittelman to an expected reduction in equipment sales to the Xerox which markets a slide-making system under license from MAGI. THE BIG CRUNCH IS COMING The Nestle White Plains, will add a 50-percent heavier chocolate bar to its candy bar line with the national introduction late this month of Big Crunch. The new bar will be a 1.8-ounce version of the companys 1.16-ounce Crunch bar and will join other heavier bars recently introduced by Hersheys and Cadburys. The bar will be wrapped in foil and sport the same red, white and blue packaging colors as Crunch bar. Promotional efforts will include tear-off pads with refund offers.

Leo Burnett Co. Inc. of Chicago will handle what Nestle terms "heavy advertising of the Crunch name. The chairman of the Gannett Allen H. Neuharth, Tuesday told shareholders at the companys annual meeting In Rochester to expect another record earnings year for 1982.

Despite' generally dismal economic conditions and substantial investment in a major new enterprise, we expect another record year for all of 1982 our 15th consecutive such record since going public in 1967, he. said. Gannett's 24 percent average annual growth in sales over the past five years puts the company first among all media companies measured by Forbes magazine, Neuharth added. Reviewing the company's 1981 performance and 1982 prospects, Neuharth said: Gannetts award-winning television documentary Epidemic! Why Your Kid Is On Drugs has sold in 35 markets; The Gannett-produced America Today news and information programs are being used by 140 PBS stations; Three Gannett newspapers are providing news or advertising, or both, for cable television systems and we hope to expand that information service; Gannett newspapers won more than 200 journalism awards in the first quarter of 1982 and the Gannett News Service won its third John 'Hancock Award in three years for economic reporting; Pennywhistle Press, the national award-winning weekly supplement for young readers, is now published in 28 markets and reaches more than 1.3 million homes; Gannett News Service inaugurated a television news bureau in Washington, D.C.; Significant circulation gains were made by the Camden (N.J.) Courier Post, the Wilmington (Del.) News Journal and The Reporter in Lansdale, after the Philadelphia Bulletin ceased publication; Gannett will complete acquisition next week of three daily and six weekly newspapers in Jackson and Hattiesburg, Backlighted signs of the Gannett Outdoor Division have shown dramatic growth in urban areas, and the list of national advertisers who regularly use the medium has grown and become more diverse. Although Gannett's new general-interest national daily newspaper, USA TODAY, The Nation's Newspaper, does not begin publication until next September, Neuharth said the company has already derived benefits from its preparations to start the newspaper: A satellite network is now in place coast-to-coast for transmitting news and information; A new national advertising sales force is being built which will help refocus, the thinking of major national advertisers on the daily print A national news network will supplement the Gannett News Service and add a new dimension to journalism in A circulation team is developing the most sophisticated computerized delivery system in the country and a trade-market custom-made new newspa- Assodatsd Prats Optimistic chairman: Allen H.

Neuharth NOT EXACTLY JUG WINES A.C. McNally, director of thre 14th annual Heublein national auction of rare wines, holds an 8-bottle imperial of 1967 Chateau Latour, one of 169 larger-than-normal bottles to go to the highest bidder tomorrow in Boston. The auction includes a 6-bottle Jeroboam (center) of 1929 Chateau Mouton-Rothschild that may bring or more. NEW POST Karin Liljestrand of White Plains has joined Prelude Designs of Elmsford as director of office operations. The company designs and distributes wallpaper and fabrics.

Miss Liljestrand will coordinate the sales, marketing and order departments. She has been with Motif Designs, New Rochelle. per vending machine will grab the attention of potential readers, and' can ultimately be used by all Gannett newspapers; -A brought color on many Gannett newspapers." The Nations Newspaper could make the Gannett Company the-indisputable leader in the media business for your lifetime and mine, Neuharth told the compa-' nys shareholders. Shareholders elected Eastman Kodaks chairman, Walter A. Fallon, to the Gannett board and re-elected all 10 directors who sought to remain on the board Andrew F.

Brimmer, Wes Gallagher, Julian Goodman, John E. Heselden, J. Warren McClure, Douglas H. McCorkindale, Rollan D. Melton, Allen H.

Neuharth, Thomas A. Reynolds and Dolores D. Wharton. Gannett is the nations largest and most diverse information company- It publishes 85 daily newspapers and 27 non-daily newspapers, operates seven television and 13 radio stations, and the largest outdoor advertising company in North America, as well as marketing, news, screen printing, sign manufacturing, video production and research units. Gannett operates in 36 states, Guam, the Virgin Islands and Canada.

Karin Liljestrand Warner chief paid $22 million ti ARCHITECTURAL OFFICE Schofield Colgan Architects of Nyack has opened a Westchester office at 503 Grasslands Road, Valhalla, The firm is working on alterations for facuilities at the Westchester County Medical Center in Valhala, as well as on a proposed new gym, stagecraft wing and arts and industrial design area at Rye High School, and a library for the Pace Pleasantville campus. azines, homebuilder and motel operator, $3.42 You might not think of a New York Telephone national-call-processing time in Half and made calling Account Team as a group of worldwide communica- A Singapore as easy as calling Staten Island. That's a tions experts, but thats exactly how one of our account significant gain in productivity for foreign-exchange teams functioned for Chase Manhattan Bank. Working trading, where every second counts, together, the people at Chase Manhattan and New York nd, because of this increase inefficiency, New Telephone designed a voice-and-data Elec- York Telephone helped Chase cut the cost V. $12 MILLION IN ROBOTS Unimation Inc.

of Danbury has received orders totalling $12 million for factory robots from U.S. and foreign carmakers. Chrysler, Ford, British Leyland and Daimler-Benz all have ordered Unimate robots for use in the auto assembly process. Unimation, a subsidiary of the Condec Corp. of Greenwich, will soon supervise the installation of 69 Unimate units made by its licensee, Kawasaki Heavy Industries of Japan, in the Nissan Motor Manufacturing truck body assembly plant in Tennessee.

Unimation will provide'parts, service and warranty long distance by 255f This kind of problem solving Can help your business, too, because Nett York Telephone Account Executives are tHr specialists in different types of nesses. So they can use their communh mess" tions knowledge to solve many busir tronic Tandem Network System called CHASE-NET, which links Chase locations worldwide. To overcome the varying technical standards around the world, a Bell Account Team dealt with telecommunications specifications for over 32 different countries. As a result, we were able to. connect over 30,000 people from Bangkok to Bogota in one uniform global network.

Eliminating the need for multi-digit access codes and authorization numbers, CHASE-NET cut the inter- problems. Thats why ue say yere knowledge business." And uere making it our business to help yoursr For more information, call toll-free from anywhere in New York State. 1 800 942-1212 ext. 50. Neu' York Telephone.

PROMOTED Sheila M. Bonaiuto of Stamford has been promoted to administrative assistant to the president at the E.F. Hutton Credit Greenwich. Mrs. Bonaiuto worked at Beker In-.

dustries and Lone Star Industries, both in Greenwich, and as a legal secretary in area private law firms before joining E.F. Hutton Credit in 1979. NEW YORK (AP) -Companies in the entertainment and toy business-es had the nations highest-paid executives last year, with compensation paid to the chairman of Warner Communications Steven J. Ross, totaling $22.55 million, Forbes magazine reports. Charles Lazarus, chair- man of the toy retailer Toys Us followed Ross with 1981 pay of $7.61 million.

Absent from the rankings in the June 7 edition of Forbes were chief executives of automobile, steel, chemical or mining concerns. The magazines rankings are based oh the total of salary and luses; benefits, such as use of corporate planes and company-paid insurance, contingent remuneration, such as credits under gerformance-re-lated incentive programs; and stock gains, including returns in shares or cash from exercising stock options. Ross, who heads the entertainment and communications company that been buoyed by the surge in sales of Atari' video games, earned in salary and boj nus last year, the report said. But he also accumo-' la ted $72,835 in benefits, $1,106,296 in contingent remuneration and in stock gains. The rankings were com-piled from proxy statements covering 738 chief executives and.

not all of the money was necessarily earned in' 198i. Compensation earned for past performance, but Kid last year, was also Forbes said. The next four chief ex-i ecutives, after and Lazarus, were: George Platt of Texas International which explores for -and produces million: Frank G. Hickey of General Instrument 'a producer of data prod-' uctk race track r' and bettingsys-tems; DayidjTendler Phi-bre, a provider of finan-i ciaf services and marketed Sheila Bonaiuto IS I'! a OLIVETTI DISTRIBUTOR The Office Products Equipment division of the Olivetti Corp. of Tarrytown has named Time New England, a division of Avnet Inc.s Time Electronics unit, as the New England distributor for Olivettis peripheral computer Time Electronics has set first-year Olivetti sales targets at $1 million.

Olivettis OPE division makes matrix, daisywheel and thermal printers and 5.25 inch Winchester and flexible disk drives for its computer peripherals line. CORPORATE VICE PRESIDENCY U.S. Tobacco of Greenwich has named Timothy M. Cornell of Weston as vice president for manufacturing services. Cornell has been vice president for manufacturing in the companys tobacco division and will continue to supervise plants in Franklin Park, 111., Nashville, Hopkinsville, Ky.

and Richmond, Va, Before joined the company, in 1979, Cornell was president of Scotten, Dillon an Ohio man-tiSacturer of loose-leaf tobacco products. 3EXECUTIVES win ced posts Tlie Committee for Economic Development, a 40-jear-old national research organization of business and academicTeadei, bias named (William May, the former chairman of the American Can Co. of Greenwich, as chairman jkyofits research and policy committee: May is Vnow dean of New York Universitys Graduate School of Business Adr nitration. The group has also named Francis RconeyJrchair- V- c-1 -K3 A i i sman of the Melville Harrison, and Philip General Foods L. Smith, president of the of1 miseralsX metals; Other $3.83 million.

George T. sCnarffeiK berger of City Investing Co. a leading maker of 1 1 White Plains, to its board of directors. 'h The knowledge business water heaters, heattnwand conditioning equip- air 'm- I lll 1r- Compiled by WARREN B. RANDALL ment, is a printer of ma Ymi 'I Jti "YJ A i.