Word: sprinting
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...there were sighs of relief at AT&T, there were whoops of joy at the Kansas City headquarters of U.S. Sprint. Last week the two companies landed the biggest telephone contract in history: to replace the cranky, 25-year-old federal long-distance telephone system with a modern, fiber-optic system that would be capable of transmitting not only conversations and data but also video images. The deal, which is worth upwards of $25 billion, was a boon for AT&T. The company recently projected an annual loss for this year of up to $1.7 billion -- its first in more...
Competition from rivals MCI and Sprint hastened the move. Both companies can undercut AT&T's tolls on long-distance calls because their networks use fiber- optic cable almost exclusively. The light-wave lines, which transmit a signal faster than ordinary cables and produce clearer sound than satellite communications, form less than half of AT&T's telephone grid...
...Bell's pain could become the consumer's gain, since the improvements may allow the company to keep lowering its toll charges. AT&T still commands 70% of the $50 billion long-distance market, but has grown increasingly price conscious in its rivalry with MCI and Sprint. Even so, the lateness of the move has shaken some investors' confidence in Ma Bell. Says James Meyer, a telecommunications analyst with the Philadelphia investment firm Janney Montgomery Scott: "My question is, Is this it? Or will we have to go through this again...
...Democratic wars of attrition. But the general election was a war of collision, not attrition. Toward the end, a disoriented Dukakis admitted that he failed to realize that the primaries are nothing like the frenzied finale. The vaunted marathoner proved to be a man too late with his sprint...
West of Del Rio, Texas grows dryer by the mile. Tumbleweed bounces across the road and windmills draw up precious water for cattle. On the horizon, dust-shrouded hills appear, blue and mysterious-looking from afar. Roadrunners, heads down and tails up, sprint across the highway. River and road separate here as the Rio Grande, cutting through deep limestone canyons, makes a wide arc that has given this bulge of Texas the nickname Big Bend. Driving south through Alpine and Marfa, I see the border again at Presidio...