Word: malonee
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With Nextel and its other new partners, however, MCI joins the intense jockeying for position on the information highway. For many companies, the jam-up has had an unnerving effect. Last month's breakup of the planned Bell Atlantic-TCI merger came about after the two sides failed to agree...
Smith and Malone had been an odd couple from the start. Smith, 56, an amateur actor and playwright who turned Bell Atlantic into the most venturesome of the seven Baby Bells, had come up through the staid bureaucratic ranks of AT&T before its breakup in 1984. Malone, 52, is...
Cultural differences between the two companies also aroused a measure of distrust. After the merger agreement in October, Malone presented Bell Atlantic with a list of 23 questions about its management and policymaking methods. Would, for example, the phone company consider cutting its dividend in order to plow more money...
FCC chairman Reed Hundt won't buy that. "Our decision did not make the future of the cable industry more uncertain," Hundt insists. "Our job is to protect the public interest and prevent cable companies from charging monopoly prices." The demise of the Bell Atlantic-TCI deal has certainly not...
If Malone and Smith have taken an exit off the superhighway to the 21st century, both looked more than ready to roar right back on. Most likely, however, they will be driving in separate vehicles.