Word: ericssons
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Because our studio telephones have been cut off," shouted Senor Ramon Perez, "we have moved to the power station on Mixcoac Hill. We shall continue to broadcast without food or sleep until the Ericsson Telephone Co. pays us 13,000 pesos for three months' back pay! We represent 62 Station XEAL employes! The orchestra will now play 'Carioca...
...Most Catholic Majesty Alfonso XIII, had rebuilt the telephones of Paris and Shanghai, had obtained the backing of J. P. Morgan & Co. With the acquisition of Mackay-Postal it became the second largest communication company in the world.* Last week Mr. Behn became a director of L. M. Ericsson Telephone Co., potent Swedish manufacturers of electrical equipment and operators of telephone systems in Sweden, Europe, Mexico, South America. And I. T. & T. increased its voting interest to 35% (virtual control) in the vast Ericsson enterprise whose assets approximate...
Between the conquest of Mackay-Postal and last week's deal with Ericsson, lay four years of adversity. Bestriding the world, I. T. & T. was, in 1929, in excellent position to flounder and be lost in a violent world-wide storm. Interest charges on new capital seemed to be mounting faster than new profits. Revolutions and bloodshed in South America threatened not only I. T. & T.'s property but its contracts as well. The revolutionary government of Spain talked loudly of canceling the agreement which, five years before, had given I. T. & T. its first major boost...
...their black-eyed senoritas than at any time during the previous year. Even Shanghai Chinese were growing increasingly fond of the wired black devil. I. T. & T. finished the year with 4.4% more telephones than it had in 1931. Plainly Sosthenes Behn had a solid footing for his Ericsson deal. And last week came another evidence of I. T. & T.'s vitality: a new radiotelegraph circuit between San Francisco and China...
...contracted with the late Ivar Kreuger to purchase a "dominant interest" in Ericsson, made a down payment of $11,000,000, and received Ericsson stock of equivalent value. Then it asked for an audit. It was this audit, disclosing Kreuger's false statements, which wrote the final chapter in the Match King's career. Sosthenes Behn declared he would cancel the deal, asked for his money back. He has yet to see it. So he kept the Ericsson stock, which gave him a 20% voting interest. It was this block which, subject to the approval of the Swedish...