Word: ma
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Dates: during 1990-1999
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Recall that the old AT&T, the regulated monopoly known as Ma Bell, was busted into eight pieces in 1984. AT&T was granted the long-distance franchise, and seven Baby Bells were created to run local phone services around the country. Weakening Ma Bell's muscle made it possible for others to build competing services. But it left some 3 million AT&T shareholders vulnerable. Suddenly gone was a quintessential widow's and orphan's stock. In its place was a smattering of shares of eight different companies, all entering a brave new telecom world that promised upheaval...
...success of Ma Bell's progeny is no accident. A Penn State study found that the stocks of 161 spin-off companies between 1965 and 1990, on average, rose 76%, vs. a market average of only 43%, over three years. Why? Often spin-off companies become more focused, and because they are smaller they tend to have greater ability to grow rapidly. Meanwhile, there is little evidence that giant mergers create great wealth for shareholders. Just ask AT&T. It paid $7.4 billion for NCR Computer in 1991 and soon gave up on the acquisition, spinning it off to shareholders...
...www.atf.treas.gov/ No frills, no nonsense, no pretty guided tour, and just-the-facts-ma'am icons from the Bureau of Alcohol, Tobacco and Firearms...
Unfortunately for this year's team this meant many trips to Wayland, MA to practice on wider courts when they couldn't use the Business school courts...
...women also looked to their strong shot putter and 400 hurdler (a rare combination) in Penningroth as well as to their solid long and triple jumper, Lodewick. The Ipswich, MA native won both field events against Yale in an earlier spring dual meet and had become a regular first-place finisher...