Background
GE owned three patents that “cover completely the making of the modern electric lights with the tungsten filaments.” GE accounted for 69% of total manufacture and sale of incandescent light bulbs, and Westinghouse, 16%. GE licensed Westinghouse to manufacture and sell light bulbs on the condition that Westinghouse should sell at prices that GE fixed and changed at its discretion.
Read more about this topic: United States V. General Electric Co.
Famous quotes containing the word background:
“Silence is the universal refuge, the sequel to all dull discourses and all foolish acts, a balm to our every chagrin, as welcome after satiety as after disappointment; that background which the painter may not daub, be he master or bungler, and which, however awkward a figure we may have made in the foreground, remains ever our inviolable asylum, where no indignity can assail, no personality can disturb us.”
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