Word: belled
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Dates: during 1980-1989
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...planned terminations were the result of the new era in telephone competition that began 20 months ago, when the Bell System was broken up. The old network was divided into seven regional operating companies and a smaller AT&T to compete in long-distance service and in the manufacture of computers and telecommunications equipment...
...decades the telephone company has been known as a place where hardly anyone ever got fired. My, how Ma Bell has changed. Last week American Telephone and Telegraph announced that between now and the end of 1986 it plans to cut its work force by 24,000, possibly the largest single sloughing in American corporate history...
...resist. Perhaps the biggest lures are the credit cards that companies are so eager to hand out. "We've got this frenzy of gold MasterCard and gold Visa card offers in the mail during the past two months," says Cynthia Barnes, 28, a computer engineer at AT&T Bell Laboratories in suburban Chicago. "We got three of them in one day last week." The proliferation of plastic astonishes even bankers. Says John Godfrey, senior vice president and chief economist of Jacksonville-based Barnett Banks of Florida: "I'm amazed at the number of mailings I receive at home." He promptly...
Since the breakup of the Bell System 1 1/2 years ago freed it to compete in computers, AT&T (1984 sales: $33.2 billion) has had only tepid success in stealing computer business from IBM ($46 billion). But now AT&T is winning big orders through discounts and making its machines compatible with IBM's. At the same time, IBM is treading on AT&T's territory. The computer giant made another move into the $50 billion U.S. market for long-distance service when it announced plans to buy up to 30% of MCI Communications of Washington, whose $2 billion...
...partnership with MCI should intensify the competition in telecommunications that the Bell System breakup was intended to bring about. Despite MCI's rapid growth during the past decade, the company still accounts for only about 6% of U.S. long-distance calls. AT&T remains the leader, with nearly 90% of the business. Now that it has IBM behind it, MCI should have far more of the muscle and corporate prestige needed to stand...