Word: cellulars
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Dates: during 1980-1989
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...wrong. In laboratories across the U.S. and Europe, researchers are finding that by creating the right chemical environment, and in some cases implanting new cells in the brain, damaged nervous systems can be coaxed to regenerate. Even more encouraging is the discovery, so far shown only in animals, that cellular regrowth can restore lost mental functions, and, in addition, improve memory and learning...
...same time, the pent-up demand for mobile telephones is about to explode. Prospective suppliers have been queuing up at the Federal Communications Commission to provide a novel service called cellular radio communication. Cellular systems, in which a city is divided into honeycomb-like cells, each with its own transmitter, get much more use out of a single radio frequency than conventional mobile phones. Cellular technology is such an improvement over existing techniques that it allows an almost limitless expansion in the number of mobile phones in use. It also increases their range and usefulness. Licenses have already been awarded...
Mobile Communications is one of many common carriers that are also applying for cellular radio licenses. The FCC plans to designate two for each city. One of the two everywhere will be a telephone company. A big winner will be American Telephone & Telegraph Co., which pioneered in development of the new technology. AT&T is already serving 2,000 mobile-phone customers with a network covering some 2,100 sq. mi. in a pilot project in Chicago, where regular cellular service will begin in November. The company has been granted licenses to build systems in six other cities: Boston, Buffalo...
...completely portable ones are priced at $3,500 to $4,500. Monthly charges are expected to run from $150 to $180. But the cost will come down. Says Alan Reiter, editor of Telocator, a monthly magazine: "I think you're going to see people buying cellular phones instead of extensions within the next several years...
...winner on the over-the-counter market was Millicom, which is involved with the cellular technology that threatens to put a phone in every car. Millicom sold for less than $2 a share a year ago, but it rose smartly. Then last month the brokerage firm of Dean Witter Reynolds began to recommend it. That helped lift the shares to 22 before the brokerage house learned that it could not legally solicit sales in some states. With that, Dean Witter brokers stopped pushing Millicom, and the stock dropped. Millicom still managed to end 1982 at 15, up 728%. Last week...