Word: itt
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...Philips' Gloeilam-penfabrieken of The Netherlands to sell switching equipment throughout the world. Says Gerrit Jeelof, head of Philips' Telecommunications Division: "It was a natural marriage between two of the most desirable partners in the world." The new subsidary will pit AT&T against GTE and ITT in the European market, which it abandoned in 1925 to concentrate on the U.S. telephone system. AT&T and Philips could pry open an unusually tough market long closed to outside suppliers because of dominance by state-owned post, telephone and telegraph services...
Wall Street analysts and industry experts disagree on how successful AT&T will be. In general, the new AT&T is expected to excel at its traditional business of long-distance telephone service. But it may run into trouble when it tries to take on other markets. Says ITT Chairman Rand Araskog...
...industry observers expect that about one-third of the 19 million phones sold this year will be cordless. The walk-around phones now have a range of about 700 feet from the base unit, but they are expected to become more powerful as technology develops. Uniden, Mura, AT&T, ITT and Cobra are the major sellers of cordless models...
...pointless for Kirkland to buy a grill and probably result in losses. Workers earn about $4.50 an hour, said co-manager James P. Lowe '85. "It pays about as much as a work study job, and it's at lot more exciting than passing out towels at the ITT," he explained...
...added, "there still seems to be some reluctance on the part of the University to fund things at the Quad; if there is equipment at the ITT, there should be something up here...