Word: telegraphs
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...particular demand for boards are women and minority-group members. Juanita Kreps, Secretary of Commerce under President Carter, serves on ten boards, including American Telephone & Telegraph and Chrysler. Leon H. Sullivan, the pastor of Philadelphia's Zion Baptist Church, serves on three corporate boards: General Motors, Mellon Bank and the Philadelphia Saving Fund Society...
...countries. Among its multitude of ventures, ITT is currently manufacturing radar in Los Angeles, television sets in West Germany, shock absorbers in The Netherlands and radios in Zimbabwe, and is helping Egypt to rebuild Cairo's water-treatment system. ITT last year dropped its original name, International Telephone & Telegraph, because it gives no hint of the company's scope...
...Britain and now Japan, 1984 has been the twilight year for telephone giants. First, on New Year's Day the breakup of American Telephone & Telegraph became effective. Then, in early December, Britain sold majority control of the government-owned British Telecom to private investors in the largest stock sale ever. Last week the Japanese Diet joined the trend. It voted to end the state monopoly of Nippon Telegraph and Telephone (fiscal 1983 sales: $18.4 billion), the country's phone company. Beginning in April the government will offer half of NTT's shares for sale over a five...
Whether a privately owned British Telecom will be much of an improvement over the state-owned company is debatable. British Telecom was one of the first in Europe to divorce its telephone system from antiquated postal and telegraph services. But, say critics, the company is still run inefficiently, with too many employees (240,000) and too much obsolete equipment. Last week, though, naysayers were being ignored by would-be shareholders, some of whom were mortgaging their houses to buy the stock...
...nead of the Bureau of Astromomical Telegrams, he runs a network that zips word of the latest astronomical discoveries over telegraph wires to stations around the world. The information-including the time of the citing and its specific celestial location-gets to astronomers within moments, in plenty of time for observers to catch a nova while it is still brightening or view a new found comet before it disappears...