Word: telephoneâ
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...former German telephone??monopoly Deutsche Telekom took a leap of faith across the Atlantic and bought an upstart U.S. mobile-phone company called VoiceStream Wireless for $46.5 billion. Telekom's management was excoriated for paying an exorbitant price for the smallest operator in a crowded market, dwarfed by giants Cingular, Verizon and Sprint. But the bet paid off. Today, the U.S. arm of T-Mobile, the German mother ship's wireless unit, is still ranked fourth, but it is the fastest-growing part of the $75 billion company and well on its way to becoming Telekom's largest revenue source...
...land. The advent of the computer brought a quantum jump in dunning letters for bills already paid. Travelers swiftly spanned the oceans only to spend hours circling airports back home?and then find that their baggage had flown on to some destination of its own. At length the telephone???lifeline of American society and quintessential product of American efficiency?brought not the voices of faraway friends but strange clicks or buzzes, interminable rings, or deep, total silence. Now there is a strong feeling abroad that things just do not work right any more. America the Efficient seems to have become...
...most ornate bureaucracy since the Ming Dynasty," was not altogether unfounded. Once, when he was away from New Delhi, an aide handed him a coded message from Washington. How was he to read it without a decoding machine? The practice, the aide said, was to call Washington?on the telephone???and ask what was in the message...
...late John Pierpont Morgan, conservative, resisted that invasion which came on the heels of the invention of the typewriter and the telephone???the invasion of the businesswoman. But now some 200,000 stenographinae are to be found at work in lower Manhattan. Women had quick fingers, quicker wits. They survived the expensively unfit male bookkeeper, secretary, clerk. Economy forced a new attitude. Ladies turn up at nine a-mornings today at Morgan's itself...
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