Word: maing
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...weeks after the far-reaching agreement that settled the U.S. Government's seven-year-old antitrust suit against the company, AT&T officials are still trying to absorb all the implications. After 48 years as the world's largest corporate monopoly, Ma Bell faces the prospect of being freed from federal regulation to compete, like any other company, in whatever businesses it chooses to enter. The consequences for consumers and businesses alike are certain to be historic. Says Ralph Acampora, an investment analyst for the New York City brokerage firm of Kidder Peabody & Co.: "It is Gulliver...
...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...
...Justice Department filed the suit against A T & T in 1974 during the Ford Administration. It charged Ma Bell with violating a 1956 consent decree that had settled an earlier Justice Department antitrust action against the company. Under the terms of the 1956 settlement, AT&T was permitted to retain ownership of Western Electric, but it agreed at the same time to restrict its future business activities to local and long-distance telephone services...