Word: mccaw
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...manufacturers of these machines to modify them so they will run his new programs. Judging by the blue-chip companies that will be sharing the dais with him when he unveils his system this week at the Hotel Macklowe in midtown Manhattan -- Hewlett-Packard, Ricoh, Compaq Computer, Minolta, McCaw Cellular, Canon, NEC and Northern Telecom -- he seems to have made remarkable progress. Says Paul Saffo, a research fellow at the Institute for the Future: "This may not be it, but it is one more step toward the Holy Grail of the paperless office...
Even Wall Street took notice, knocking a couple of points off McCaw Cellular, Contel Cellular and Motorola the day after Reynard's appearance on the Larry King Live show, and then extending the sell-off through much of last week. The Cellular Telecommunications Industry Association was finally forced to respond, announcing last Friday that it would fund new studies and ask the government to review the findings...
Last December McCaw Cellular Communications agreed to acquire New York City- based LIN Broadcasting for $3.4 billion. Then in February Contel vaulted from 13th to sixth among cellular companies by acquiring McCaw's Southeastern operations for $1.3 billion. After the GTE announcement, investors snapped up stocks of other likely merger candidates, including Southern New England Telecommunications, Lincoln Telecommunications and Rochester Telephone...
...McCaw Cellular Communications is already the largest operator in the seven- year-old cellular-telephone business, controlling franchise areas with more than 50 million residents throughout 127 small and medium-size markets across the U.S. Last week the company sought to build up its metropolitan business by making a $5.9 billion bid for New York City's LIN Broadcasting, which reaches 18 million potential phone subscribers in such major cities as New York, Los Angeles and Dallas...
...Craig McCaw, the 39-year-old chairman of the company, which is based in Kirkland, Wash., the bid for LIN caps a stunning sprint of growth. Since 1973, McCaw has parlayed a backwater cable-TV franchise into a cellular firm with annual revenues of $311 million...