Word: itt
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Dates: during 1980-1989
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...once again, the squad with the best relay performances would leave the the ITT the winner...
Some business executives are skeptical. They believe that entrepreneurship cannot exist inside a large company on more than a token basis. Harold Geneen, the builder of ITT, contends in his 1984 book, Managing, that "entrepreneurism is the very antithesis of large corporations." Shareholders, he says, will never stand for the risks involved...
Araskog shocked Wall Street in July by slashing ITT's quarterly dividends by 64%, from 69 cents to 25 cents per share. ITT's stock price, which reached 47 3/4 in 1983, was at 31 3/8 before last week's divestiture announcement. Investors seemed unimpressed by the plan, and the stock closed the week...
...ITT back on a growth path, Araskog has launched a major offensive in the U.S. telecommunications and office-equipment markets. The company has long been a major supplier of sophisticated telecommunications gear in Western Europe but was effectively shut out of the American market until last year's breakup of AT&T. Now ITT hopes to sell an advanced switchboard, known as System 12, to some of the new regional Bell companies. However, it faces formidable competition from several firms, including AT&T, GTE and Northern Telecom. In the office-equipment field, ITT has come out with a personal computer...
Wall Street is wary about how ITT will fare in the future. Says Laurence Baker, who follows the company for the E.F. Hutton investment firm: "If they're going to show growth, they're going to have to fight...