Word: allenate
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
What a way to celebrate an anniversary! Last Tuesday, just over a year after announcing that AT&T would split itself into three parts, chairman Robert Allen placed a conference call to investment analysts to issue a progress report. What he said promptly knocked $9 billion off the company's market value: it dropped $5.625 a share to $51.50. The reason: the phone company, still the biggest piece, is likely to earn about 10% less profit in the third quarter than analysts estimated. Allen said that net in the fourth quarter will also be below forecasts. That means profit will...
...news had industry watchers wondering whether Allen was building a trapdoor beneath his feet. After the huge write-offs earlier this year, better results were expected, and soon. Explaining the disappointing prospects, AT&T reminded analysts that its core business, long-distance phone service, remains under intense pressure from new and old rivals. Even so, says Simon Flannery, an analyst with J.P. Morgan, many investors hoped the second-quarter trouble "was a one-quarter phenomenon and that things would improve. People who bought stock on that hope were probably disappointed and sold it." Which is not to say that...
Daniel C. Allen...
...Ernest Hemingway, Gertrude Stein and company may have picked over the freshest entrees. But Paris was still feast enough when a new migration of expatriates collected there after World War II--Irwin Shaw, James Baldwin, Allen Ginsberg, Gregory Corso and--with a palate educated by leftover meat loaf in Queens, New York--Art Buchwald...
Among the University officials present at the reception were Hunt; S. Allen Counter, director of the Harvard Foundation for Intercultural and Race Relations; Steven B. Bloomfield, director of the fellows program at the Center for International Affairs; and Cowles Professor of Sociology Orlando Patterson...