Entrepreneurs decry Pay-Phone venture

Article Abstract:

Allowing Pay Phones Inc to become an authorized dealer of pay telephones has put AT and T in the position of having to mollify angry entrepreneurs who invested in pay telephones only to discover Pay Phones' promises were empty. Pay Phones, incorporated Apr 29, 1991, sells pay telephones to people who operate the phones and collect the revenue from them, promising good profits through installing the phones in prime locations. Pay Phones' edge over its competition has been the AT and T product name, which has led customers to believe they are dealing with AT and T. Customers pay a minimum of $23,000 for a package of six telephones, although the investment is usually much higher. Due to the many complaints from customers who either never received their equipment or could not get it installed AT and T severed its relationship with Pay Phones Jan 24, 1992. Pay Phones' president H. Ellis Ragland has been involved in real estate fraud lawsuits and is now faced with a suit filed by AT and T charging Pay Phones with breach of contract, misrepresentation and trademark infringement.

Telephone and telegraph apparatus, Equipment and supplies, T, Wholesale trade, Distribution, Partnerships, American Telephone and Telegraph Co., Telephones, Wholesale Dealer/Distributor, Deceptive Advertising, Partnership, Pay Phones Inc.

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Staying power; Motorola illustrates how an aged giant can remain vibrant; endless self-criticism keeps walkie-talkie creator thriving in the pager era; bosses who invite dissent

Article Abstract:

Motorola Inc, the world's market leader in cellular phones, pagers, two-way radios and microchips that are used for purposes other than computers, proves that a big, established company can be nimble and receptive to change. Motorola's management ethic is based on anticipation of change, thus it has its own intelligence department to look at industry trends; and it spent about $1.3 billion for research and development, and $1.4 for plant and equipment in 1992 alone. At Motorola, dissent and open verbal combat are encouraged. Each employee has the right to file a 'minority report' over disagreements with management decisions. Minority reports, in fact, have led to some of Motorola's major successes, such as the 68000 microprocessor that now power Apple Macintosh microcomputers. A minority report also encouraged the company to bet on its forthcoming Iridium satellite project that will allow seamless cellular-phone communications.

Semiconductors and related devices, Radio & TV communications equipment, Management science, Semiconductor industry, Microprocessor, CPUs (Central processing units), Motorola Inc., Company Profile, Communications equipment, Management Style, Employee Relations

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Network Equipment Technologies sees tough time ahead after sales snafus

Article Abstract:

Network Equipment Technologies Inc will likely report a loss for the 4th qtr 1989 and early 1990 quarters after suffering a breakdown in documenting orders and shipments. Network says $519,000 in invalid orders occurred in the company's 2nd qtr, and $5.4 million more in the 3rd qtr, although an audit has confirmed $2.4 million of 3rd qtr orders. A company spokesman says procedures were in place but 'they just weren't followed.' Network has had to restate results for the company's fiscal 2nd and 3rd qtrs. A $519,000 reversal in revenue depresses 2nd qtr net to $4.9 million (34 cents a share) on revenue of $47.2 million, compared with a previously reported $5.1 million (36 cents a share) on revenue of $47.5 million. In the 3rd qtr, restated results are $3.1 million (21 cents a share) on revenue of $46.7 million, down from the previously reported $5.6 million (39 cents a share) on revenue of $52 million.

Communications Equipment, Computer networks, Investigations, Networks, Stock, Financial Stability, Losses, Network Equipment Technologies Inc., NWK, Investigation

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