Word: deliverers
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Dates: during 1990-1999
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When C. Michael Armstrong became chairman and chief executive of AT&T last fall, he inherited what looked to be one of America's last business dinosaurs: balky Baby Bells were frustrating Ma Bell's costly drive into the $110 billion local service market, a much-publicized mass layoff of...
Especially when the wolf still seems hungry. For Armstrong and Malone, who is spending $1.8 billion to ready TCI cables for two-way voice and data traffic, the future is virtually here--and it looks astonishingly lucrative. Malone sees an imminent convergence of TV, telephone and computer services--long the...
Armstrong must still contend with those ornery Baby Bells. Even if all 33 million households in neighborhoods that TCI serves were to buy AT&T local service, the company would remain shut out of two-thirds of the country's homes. Armstrong hopes to make inroads with a so-called...
Wall Street may also be starting to wonder. After a long run as one of the brightest stars in the Dow firmament, the company's stock has slipped 10% in the past month. The good news is that Disney remains the world's most beloved entertainment brand name--a kind...
The trading side is a different story. I run that portfolio more like a retailer than a stock picker. I need to have the merchandise that people want on hand when they want it, and if things turn bleak the next day, I want as little inventory as possible. Sometimes...