Word: ma
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Dates: during 1980-1989
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...settlement, which divested Ma Bell of its 22 local operating companies such as New York Telephone and Illinois Bell--the most unprofitable of Bell's substantial holdings--frees the communications giant to offer any services it chooses to whomever it wants. With its substantial capital, its Western Electric manufacturing partner and they amazingly resourceful Bell Laboratories, which may be the best research institution of its kind in the world. AT&T is now free to lead what experts predict will be a revolution in communications technology...
...stressed stumbling blocks including a possible rise in brick prices, a relatively small increase in architectural fees, and potential difficulties with a proposed bridge that would have connected the new Fogg wing to the original building. Above all, he emphasized that generally hard economic times have precluded projects that ma entail unforeseen construction cost overruns and high operating expenses...
...nation's telephone subscribers are served by independently owned and operated companies that are not part of the Bell System, yet the quality of their service is virtually identical. Having now shaken hands with the Government on a divestiture plan that could bring enormous benefits to AT&T, Ma Bell must see to it that such quality is fully maintained. -By Christopher Byron. Reported by David S. Jackson/Washington and Frederick Ungeheuer/New York
...risky high-technology industry, are expected to be volatile in price, but highflying. Says Seth Glickenhaus, who already holds a large block of shares through his investment advisory firm of Glickenhaus & Co.: "AT&T will be an outstanding technological company." But other analysts fear that products from the new Ma Bell may not turn out to be profitable. As for the 22 local AT&T companies, or their survivors, they are less likely to be large profit makers or an attractive investment because states closely regulate the rates they can charge for phone services...
...knows exactly what AT&T shareholders will own when the company finally splits up. Wall Streeters speculate that investors will eventually exchange their AT&T stock for shares in both the new Ma Bell and in one or more of the local companies...