.mpg saved as .mov - a required codec isn't available BUG

I opened very short 640x480 100MB .mpg shot on a point & shoot camera in Quicktime Player Pro 7.6.6 and went into Window> Movie Properties> Visual Settings> ROTATE and Saved as .mov
THE PROBLEM IS it does not play the Saved .mov (required codec is not available error) in Quicktime Player 10.2 (running 10.8.5 on 2011 Macbook Pro).
10.8.5 does play the Saved .mov if I click on the icon and hit Space Bar.
A 2008 Mac Pro running 10.6.8 and Quicktime 10.0 does play the Saved .mov
I am doing the rotate in Quicktime 7.6.6 because I know how to do the rotation easily (and went blind trying to figure out how to rotate my movie in QT 10.2).
MY QUESTION IS what am I missing -- or better how do I rotate a movie in Quicktime 10.2 might get me back to work...

okay, I tried searching ROTATE in QT 10.2 help and this time I found this:
Open the movie in QuickTime Player.
Choose View > Show Clips, and then select the clip.
When a clip is selected it’s outlined in yellow.
Do one of the following:
Use a gesture on the Multi-Touch trackpad:
Rotate a clip by rotating two fingers in a circle clockwise or counterclockwise. Flip the clip by swiping slowly with four fingers either left to right or bottom to top.
Use the menu commands:
From the Edit menu, choose whether you want to rotate the clip left or right, or flip the clip horizontally or vertically.
I will post back if it still doesn't play...

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