Word: bell
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...YORK: Well, they can?t all be bulls. But FORTUNE writer Nelson Schwartz says that despite Intel's after-the-bell report Tuesday that its second-quarter earnings declined 29 percent from last year to 66 cents per share, the chip maker?s stock shouldn?t take too much of a hit -? because on Wall Street, as in Washington, the spin?s the thing. "Although the published expectation was higher, at 68 cents, the way Intel announced it was much more important than the actual number," says Schwartz. "They predicted a better performance for the next quarter," and that...
...happened to all of you. You're in the car, headed who knows where, and you come to this town that isn't happy being just another place, because what does that mean today? It means you've got a Dunkin' Donuts and a Taco Bell, like every other place in America. Big deal...
When C. Michael Armstrong became chairman and chief executive of AT&T last fall, he inherited what looked to be one of America's last business dinosaurs: balky Baby Bells were frustrating Ma Bell's costly drive into the $110 billion local service market, a much-publicized mass layoff of 40,000 employees had failed to boost business, and worst of all, the largest U.S. telephone company (1997 revenues: $51.3 billion) was stuck on the sidelines, while upstarts such as WorldCom and MCI were teaming to deliver everything from long-distance service to high-speed Internet access. "This marvelous industry...
...year or more away from the upgrades needed to carry two-way phone traffic. Or even that Malone's record as a visionary was far from shining--witness the collapse of his dream for a 500-channel universe, or the demise of his 1993 agreement to merge with Bell Atlantic. Mike Armstrong was looking...
However Wall Street may have viewed the deal, some regulators saw it as a welcome spur to local competition--even as the Baby Bells howled. William E. Kennard, chairman of the FCC, says the merger looks "eminently thinkable." That hardly heartened US West and Bell Atlantic--which last year gobbled up neighboring NYNEX--which demanded access to long-distance markets should the deal go through. So far, Washington has barred the Bells from offering long-distance service to their own local customers on ground that they have not yet opened their "loops" to such rivals...