Word: bros
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Dates: during 1980-1989
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...more on its old phone business than its new computers. Critical to the company are off-delayed flat fees for longdistance service, called access charges, that were to go into effect in January but have been stalled by the Government until next year. Says Analyst Mark Luftig of Salomon Bros.: "A T & T's most immediate problem is two words: access charges." Those fees, ranging from $2 for individuals to $6 for small-business users with only one line, would have given $3.5 billion to local phone companies to offset the loss of subsidies from long-distance tolls that...
...McKesson, the drug and healthcare giant (1983 sales: $4 billion), acquired a half interest in SKU, a software distributor. Both CBS and Warner Communications have started software units. Also investigating or developing their own software are publishing nouses (Simon & Schuster and Random House), toy firms (Fisher-Price and Parker Bros.) and movie companies (United Artists, MCA, Walt Disney and Lucasfilm). But small firms seem to do best in the innovative world of applications programs. Cautions Software Publishing's Fred Gibbons, who runs one of the fastest-growing companies: "Being big does not help you become good in the software...
...Cagney, 84, got misty-eyed in Washington last week, when he was one of 14 honored with the Medal of Freedom, the nation's highest civilian award. The President got a little sentimental himself, saying, "As a great star at the same studio where I started [Warner Bros.], he was never too busy to hold out a hand to a young fellow just trying to get under way." Gee, a good guy all the time...
...invade the computer market. Last week the still giant firm (assets: $34 billion) launched its first major attack. AT&T rolled out six machines ranging from a $9,950 desktop model to a high-powered $340,000 one. Said Stephen McClellan, a data-processing industry analyst for Salomon Bros.: "A T & T's entry into computers is probably the most significant event in the industry since IBM launched its Personal Computer...
...company, which is training 6,000 computer salespeople and 2,000 service technicians, has the ability to sell data processors effectively. "No one knows how long it's going to take for those people to become an effective sales organization in a competitive market," says McClellan of Salomon Bros. "AT&T has never had to do that before...