Word: telegraphs
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Business that donated to CARB did so to protect their interests, spokesmen said. "We saw it as an expense--we wanted to do it in the business interest, not the philanthropic or public interest," said Robert Thill, a spokesman for American Telephone and Telegraph Co. (AT & T) which donated $5,000 to CARB...
...floor of the New York Stock Exchange arrived on the job an hour and a half early last Monday. They were preparing for an avalanche: the start of trading in 1.6 billion shares in eight new companies to be created Jan. 1 by the breakup of American Telephone & Telegraph. At precisely 10 a.m., the opening bell sounded with six swift clangs, and the rush was on. By 10:14, all eight of the new issues had opened, and 1.9 million telephone shares had changed hands...
...axioms of geometry is that the whole is equal to the sum of its parts. Sometimes, though, the parts can add up to more than the whole. To the delight of Wall Street, that is what seemed to be happening last week with American Telephone & Telegraph...
...starts happening on New Year's Day, just six weeks from now. Under the banner of promoting competition in the U.S. phone service, American Telephone & Telegraph, the Bell System, will die at age 107, shattered in the largest court-mandated breakup of a company since the split-up of Standard Oil in 1911. In place of the old Ma Bell will stand the "new" AT&T and seven regional telephone holding companies, all beginning life as giants and carrying such unfamiliar names as Nynex, Ameritech, U S West and Pacific Telesis. The eight new companies will immediately join...
...will pit AT&T against GTE and ITT in the European market, which it abandoned in 1925 to concentrate on the U.S. telephone system. AT&T and Philips could pry open an unusually tough market long closed to outside suppliers because of dominance by state-owned post, telephone and telegraph services...