Word: communacopia
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Dates: during 1990-1999
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...pursuing its 'communacopia' strategy," says Robert Morris III, an investment analyst at Goldman Sachs. "It wants to be the horn of plenty for every conceivable information technology, and be to multimedia what Ma Bell was to telephones." The odds of success, says Morris, are in AT&T's favor: "There is no other company with all the necessary talent, tools and muscle under one roof...
...backbone of AT&T's communacopia strategy is the company's 2 billion- circuit-mile telephone grid. First built in 1879, the network has been continually upgraded. In the past 10 years, AT&T has replaced most of its old- fashioned copper-cable network with advanced fiber-optic wires, which give the grid a massive carrying capacity, or bandwidth. AT&T's long-distance system handles 150 million phone calls and data transmissions a day. It has the capacity to carry at least twice as much traffic, at no greater cost...
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