Word: telegraphically
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Industry leader American Telephone & Telegraph, which has more than 90% of long-distance business, put a 5.6% rate cut into effect. MCI Communications of Washington (1984 revenues: $2 billion) followed with a cut of up to 11% on rates starting July 1 and claimed the new fees would beat AT&T's prices by 5% to 35%. MCI's reductions would drive down the cost of a ten-minute weekend call between New York City and San Francisco to $1.71, from $1.82. Sprint, a subsidiary of Connecticut-based GTE, and Chicago's Allnet said they might cut their rates...
...tactics, De Benedetti has sought strategic allies in the biggest computer market of them all, the U.S. In December 1983, Olivetti and American Telephone & Telegraph announced that the U.S. giant would put up $260 million to buy 25% of Olivetti, with an option to expand its share up to 40%. De Benedetti considers the agreement "a brilliant alliance," formidable enough to take...
...only $194 million. Japan made some moves last week that could help close that gap. The government announced that it would consider an application from Hughes Aircraft to sell communications satellites to Japan in a joint venture with two Japanese companies. The deal could be worth $400 million. Nippon Telegraph & Telephone, which is now being converted from a government monopoly to a private company, signed a new contract to buy 10,000 telephones from ITT. Nonetheless, many American telecommunications executives considered these gestures to be mere tokens. Whenever Japan unveils a program to boost imports, many foreign businessmen...
...long-distance service, many budget-conscious consumers quickly ask for such cut-rate services as MCI and GTE Sprint. But as many as 70% of them never bother to respond. Under current federal communications rules, those customers who do not speak up are automatically assigned to American Telephone and Telegraph, even if they are already using a competing service. MCI Chairman William McGowan, GTE's Theodore Brophy and other AT&T rivals claim that this gives the already dominant company a highly unfair advantage. Last week the Justice Department recommended that the Federal Communications Commission change its so-called equal...
Gillette the play, however, is injured by Hauptman's desire to explore fully Gillette the non-existent metaphor The springs and wires of Hauptman's plot are so obvious that the set deserves some telegraph lines in the background. It seems as though the play was plotted first, with characters added as an afterthought. A case in point: Cherry Jones's first appearance as Jody Bobby's blue denim romantic obsession is very funny she's a biker's moll with a nuclear war phobia and a vearning for a little TECC. when sheappears next, she has undergone a complete...