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NEWS
May 11, 1999
BY ACQUIRING MediaOne Group Inc., AT&T has dramatically regained access to most of America's households.When AT&T's monoply was ended in 1984, the goal was to promote competition in the nation's telecommunications industry. Then, when Congress deregulated the phone industry three years ago, it believed that unfettered competition among dozens of companies -- AT&T, the regional Bells, wireless and cable companies -- would provide Americans with leading-edge products at competitive prices.That goal has yet to be realized, and AT&T's access to 60 percent of the nation's households through cable television lines may further stymie competition.
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BUSINESS
By Jay Hancock | January 2, 2002
CORPORATE bosses make bad choices all the time. But occasionally a top executive makes a decision so historically wrongheaded, so disastrously fateful, that it haunts his successor's successor's successors and harms shareholders and employees for decades. One error for the ages came in the early 1980s, when IBM honcho John R. Opel allowed an obscure contractor called Microsoft to own the license for the operating system in IBM's new personal computer. By essentially exploiting IBM's brand without paying for it, Microsoft soon eclipsed its business partner, which lost hundreds of billions of dollars in potential sales.
BUSINESS
By Liz Bowie and Liz Bowie,Staff Writer | February 26, 1993
Bell Atlantic Corp. said yesterday it wants broad geographic rights to distribute video programming over its phone lines and will try to overturn the legal ban on long-distance service that prevents it from doing so.The Philadelphia-based parent company of the Chesapeake and Potomac Telephone Co. said it will ask the Justice Department today to support overturning part of the court-supervised consent decree that has determined the ground rules for telephone...
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,SUN STAFF | October 16, 1996
Saying the Federal Communications Commission usurped the authority of state officials, a federal appeals court yesterday granted a temporary injunction that bars enforcement of regulations designed to open the nation's $100 billion local telephone service industry to competition.The ruling, by the 8th Circuit Court of Appeals in St. Louis, delighted traditional local monopoly carriers like Bell Atlantic Corp., and infuriated long-distance companies like AT&T Corp. and new, smaller local carriers, all of whom want to start chipping away at the regional Bell companies' dominance.
NEWS
By TRB | November 14, 1991
Washington -- Every now and then Washington newspaper readers are treated to a befuddling war of advertisements over some obscure piece of legislation. ''Without H.R. 278,'' one might say, ''America's rivers will run dry by 1997.'' Au contraire, rejoins another, ''Passage of H.R. 278 will mean certain death by cancer for every child under 12.''The first rule in understanding these battles is that there is usually less at stake than meets the eye. The lobbyists, ad agencies and trade association executives on both sides share an interest in exaggerating its importance -- not just to the citizenry but to the companies paying their fees.
NEWS
November 7, 1996
THE TELECOMMUNICATIONS revolution has brought consumers competition and chaos, new choices and new charges. The first major tremor was felt in long-distance service, where unrelenting competing ads confuse many customers, but the result has been lower rates for most people.Now the controversy is over opening up local service competition, to crack the monopoly of the Baby Bells (like Bell Atlantic) and allow other companies to compete. In one of the first such cases in the nation, Maryland's Public Service Commission is to rule by tomorrow on prices that competitors will pay Bell Atlantic to lease parts of its local service network (in order to resell services to homes and businesses)
BUSINESS
By Sean Somerville | April 7, 1996
LAST WEEK'S giant mergers in the health care and telecommunications industries were the latest in a string of megadeals.Before Aetna Life & Casualty Co.'s $8.9 billion deal for U.S. Healthcare and Pacific Telesis Group's merger with SBC Communications Inc., came the Chemical-Chase banking merger and the Disney-Capital Cities media deal.In a deregulatory atmosphere perhaps best symbolized by recent telecommunications legislation, mergers and acquisitions are likely to continue at a feverish pace.
BUSINESS
By Lyle Denniston DTC and Lyle Denniston DTC,SUN NATIONAL STAFF | March 24, 1998
WASHINGTON -- In a case likely to set an important antitrust precedent, the Supreme Court agreed yesterday to consider a plea by a Bell Atlantic Corp. subsidiary to block a lawsuit that targets that company's dealings with suppliers in New York state.The subsidiary, Nynex Corp., and two affiliated companies are facing a potential damage verdict for allegedly engaging in a "group boycott" against Discon Inc., a New York company that removes outmoded telephone equipment from central office facilities.
NEWS
By NEW YORK TIMES NEWS SERVICE | April 21, 1996
NEW YORK -- Bell Atlantic's directors voted yesterday to merge with Nynex, according to several people familiar with the discussions. The combination of the two regional Bell operating companies would create the nation's second-largest telephone company after AT&T.Although Nynex's board must still vote on the merger, people close to the companies said they expected it to be approved. Bell Atlantic Corp. and Nynex Corp. hope to announce the deal at a news conference in New York tomorrow.Yesterday's vote came after several hours of discussion.
BUSINESS
By Michael Pollick | August 11, 1991
Look at the online consumer service business as the television business 40 years ago.Growth is phenomenal -- annual revenues are up 65 percent. Yet the services still reach only a small percentage of the families with computers -- and nine-tenths of U.S. households don't even own a computer yet.The promise of such a huge, lucrative market has attracted such corporate giants as IBM, Sears, and General Electric and H&R Block to videotex. Together, they have spent more than $2.5 billion to develop the electronic networks, which offer shopping, games, news and education.
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