Word: equipmen
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...service. The company has an 80% share of the $41 billion market. But profits from rentals of residential phone equipment have fallen from $200 million in 1984 to $150 million last year. Moreover, the communications conglomerate is losing an estimated $950 million a year in its computer- and telephone- equipmen t divisions. AT&T launched its computer group with great expectations after the breakup of the old telephone monopoly two years...
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