A Cuisinart of phone technology fails to whip up enthusiasm
Article Abstract:
Sprint demonstrated its new communications network to investors but disclosed few details on the technology that is scheduled to become available to homes in mid-1999. Company stock rose only 50 cents, as investors noted incomplete technology and business plan specifics. Sprint likened its new system to the Cuisinart as a versatile telecommunications tool. A single existing connection will enable users to talk on the telephone, handle video images, browse the Internet and obtain high-speed data access simulatneously. Industry analyst Jeffrey Kagan said Sprint's pre-announcement compares to Windows 95. Sprint, which said it will invest $400 million to develop the system over the next few years, also is a rumored acquisition target.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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A convert to the cult of the deal
Article Abstract:
U S West and Global Crossing Ltd. are merging. Solomon D. Trujillo, chairman and CEO of U S West and the CEO of Global, Robert Annunziata, plan to share leadership of the merged company. Mr. Trujillo began his career with U S West as an MBA graduate writing business forecast reports for Mountain Bell. Mr. Annunziata founded Teleport Communications Group, which was sold to AT&T. Shares of both companies are down on news of the merger.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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