Word: telecoms
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Dates: during 1990-1999
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...surface, it looks like a big win for the telecom giants at the expense of the little guy: In what could be the final blow against the 1984 AT&T breakup, on Wednesday the FCC cleared the way for Bell Atlantic to become the first Baby Bell to offer long distance services. The move was decried by many of the consumer advocates who futilely fought against the Telecommunication Act of 1996, which paved the way for Baby Bells to provide long distance so long as they open their markets to competition. Earlier this year, when AT&T sought...
...Americans are fed up with 10-page phone bills listing service providers they don't remember contracting with, which have become the norm since 1984. Because of the 1996 act, major telecoms, including AT&T, Bell Atlantic and MCI/Sprint, will eventually be able to package Internet, cable TV, cellular, long distance and local services. That means one bill for all five services; consumers will also be allowed to choose the package that fits them. Further, telecom analysts say that the long distance market is in need of some new blood to fuel competition in the wake of the MCI-Sprint...
...costs, always chasing hot stocks or funds, get a life. All you really need is a few good ideas and the patience to be waiting when one pans out. What about the next 10 years? Think Internet infrastructure (it will be built even if every dotcom fails), wireless telecom as the world goes mobile, leisure and medicine as baby boomers age, and small stocks and foreign stocks as a new cycle unfolds. Nostradamus, move over after all. See time.com/personal for more on stock groups. E-mail Dan at kadlec@time.com He's on CNNfn Tuesdays...
...billion in cash. Interest alone will add $1.6 billion of earnings in the fiscal year ending in June, analysts estimate. That by itself is more than the annual profit of nine of 10 FORTUNE 500 companies. Gates exploits his money machine. He has large stakes in cable, Internet and telecom properties, pretty much assuring himself a big piece of the tech future, whatever it brings...
...important competitor is being removed. But with Internet and regional Bell companies creeping into the picture, long-distance rates--now about as low as they've ever been--are unlikely to spurt higher. In the long run, the MCI WorldCom-Sprint combination may push us a little faster to telecom nirvana: one-stop shopping for local, long distance and wireless service; Internet access; and cable TV. Imagine all those connections in one jack (plus wireless) and a single bill based on how much data flows through the electronic spigot. We're headed there. But until that world emerges several years...