Word: kappel
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Before some 11,000 expectant stockholders, American Telephone & Telegraph President Frederick R. Kappel rose to applause for his fine 1959 and first-quarter 1960 earnings report (TIME, April 18). ⅛But when President Kappel explained what was on his mind, the cheers turned to groans. Contrary to all hopeful' rumors, said Kappel, A.T. & T. was not considering an immediate boost in the $3.30-per-share annual dividend. "The time since the dividend was last increased was very short-one year-and this is not a long enough period to tell us what we need to know about the future...
...Billion Expansion. What started the rumors of a bigger dividend? Nothing more than a hope among Wall Streeters. They reasoned that since A.T. & T. was in the best cash shape in years, it should be able to pass on a boost to stockholders. No such luck. President Kappel said that A.T. & T. needs the cash for expansion. In 1960, said he, A.T. & T. plans to spend $2.6 billion on capital improvements, the largest sum ever...
...System's share of American Telephone & Telegraph Co. earnings rose to a record $292,223,000, or $1.32 per share v. $1.21 per share in the same period last year. In his quarterly letter to A. T. & T.'s 1,700,000 stockholders, company President Frederick R. Kappel said that new telephone installations for the first quarter would probably exceed 750,000, slightly more than a year...
...Telephone and communications expenditures by the Bell System in 1960 will be at least $2¼ billion and "maybe more," said Frederick R. Kappel, president of American Telephone & Telegraph...
AMERICAN TELEPHONE & TELEGRAPH BELL SYSTEM. Earnings for the quarter ending May 31 jumped to $1.32 a share, v. $1.16 a year earlier. President Frederick R. Kappel said that nearly 800,000 new telephones were connected in the quarter and that long-distance conversations rose more than 10% over last year...