Word: sprint
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...remarkable progress, given where the Chinese started. As recently as 1985, for example, the eastern city of Nanjing had just four nonbusiness phone lines. And the 100 million lines are really just the start: the plan calls for 600 million by 2020. American firms such as AT&T and SPRINT are waiting to cash in, but Wu says the country won't open up to Candice Bergen just yet. Instead the Chinese government will continue to control the lucrative telecom monopoly. The most glorious numbers, bureaucrats realize, come with renminbi signs in front...
...Phoenix, Ariz.; two of its own regional centers; and a few stray agreements with Baby Bells. Thus when you're in, say, Oregon calling to find a Florida number, your long-distance information operator is now likely to be in Phoenix; Scranton, Pa.; or Augusta, Ga. (MCI and Sprint still have agreements with the Bells--but that could change too once they start competing locally...
...most complex problem might be this: if you were a local phone company with 100% of the market, how helpful would you be in allowing a competitor into the area? Exactly. Although would-be warriors such as AT&T, MCI ($18.5 billion) and Sprint ($14.1 billion) are huge, well-capitalized companies, they can't duplicate the $100 billion infrastructure of switches, wires and poles that serves local neighborhoods. Deregulation allows them to ride the incumbent's system, but here's where the static begins: they must rely on the tender mercies of the Bells and GTE to put them into...
...collection of programming and telecom services. The list includes 57% of QVC (home shopping); a 68.8% piece of E! Entertainment (programming); the N.B.A.'s Philadelphia 76ers and the N.H.L.'s Flyers (more programming); a 20% stake in Teleport Communications Group (business telephone service); and a 15% position in Sprint Spectrum (cellular telephones...
Thoroughbred training and quarter-horse training are obviously a breed apart, but the latter requires a horse sense and work ethic that Baffert put to good use once he decided to run with the big boys. His first major success came with Thirty Slews, who won the Breeders' Cup Sprint in 1992. By 1995 he was the leading trainer at Santa Anita. At last year's Kentucky Derby, he saddled Cavonnier, who lost by a nose to Grindstone--trained by Lukas. "I actually thought we had the race won," says Baffert, "so when they posted the results, it felt like...