Word: cellulars
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Dates: during 1980-1989
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...most intensely watched corporate takeover fights in the 197-year history of the court. When clerks appeared at 10:30 with copies of Chancellor William Allen's 79-page ruling, the aggressive crowd tore the documents from the court officials' hands. Dialing their offices, moneymen shouted into their cellular phones, "The Time-Warner merger...
...McCaw Cellular Communications is already the largest operator in the seven- year-old cellular-telephone business, controlling franchise areas with more than 50 million residents throughout 127 small and medium-size markets across the U.S. Last week the company sought to build up its metropolitan business by making a $5.9 billion bid for New York City's LIN Broadcasting, which reaches 18 million potential phone subscribers in such major cities as New York, Los Angeles and Dallas...
...Craig McCaw, the 39-year-old chairman of the company, which is based in Kirkland, Wash., the bid for LIN caps a stunning sprint of growth. Since 1973, McCaw has parlayed a backwater cable-TV franchise into a cellular firm with annual revenues of $311 million...
...opening up. U.S. sales of telecommunications equipment in Japan, for example, reached $263.3 million last year, up from $106 million in 1985. Yet the U.S. is basing its current trade complaints at least partly on the problems Motorola has faced in getting frequency clearance in Tokyo for the cellular telephones it is selling in Japan; Tokyo considers the grievance too small to justify the hubbub surrounding it. Observes Peter Tasker, British author of The Japanese: "Japan is not alone in some of these disputes. Try selling telecommunications to the French...
While moderate legislators saw Bush's limited response as a well-measured step, some members of Congress felt that the President had failed to flex the Super 301 muscle firmly enough. They contended that Japanese barriers extended well beyond the three areas cited, to items ranging from cellular phones and medical equipment to fish products and aluminum. "The Administration's feeble use of the Super 301 provision comes in the face of our continuing trade deficit," said Missouri Democrat Richard Gephardt, whose tough trade proposals gave rise to the Super 301 legislation. "((Bush)) has signaled to the world that...