Profits hit high for year at AT&T; Nynex also reports good financial results

Article Abstract:

AT and T reports robust results for FY 1994, with earnings of $4.71 billion, up 27.2 percent from $3.7 billion in 1993, on revenue of $75 billion, up 3 percent from the previous year. The results do not include special charges but are adjusted as though McCaw Cellular Communications Inc, which AT and T acquired in Sep 1994, had been with the telephone company in 1993. In 4th qtr, AT and T earned $1.34, or 85 cents per share, a 72 percent advance from the year-before period. Revenue also climbed, from $19.07 billion in 4th qtr 1993 to $21.1 billion in 4th qtr 1994. Separately, Nynex reports 4th qtr 1994 earnings of $198 million, or 47 cents a share, after taking a one-time charge of $141 million to cover a pension offer. For 4th qtr 1993, Nynex reported a loss of $1.24 billion, or $3 per share, including a one-time restructuring charge of $1.51 billion. Revenues were flat at $3.39 billion.

Telephone communications, exc. radio, Domestic Voice Telephone Service, Finance, Telecommunications services industry, Telecommunications industry, T, Domestic telephone services, American Telephone and Telegraph Co., Financial Report, NYNEX Corp., NYN

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Why Sprint goes it alone and what may change that

Article Abstract:

New York, NY-based Sprint Corp. with the exception of BellSouth, is the largest telecommunications company in the US that has not been part of a merger. William T. Esrey, Sprint's chairman for twenty years, former investment banker, says that Sprint has the strategic pieces in place to assure its survival on its own. The company is the US' third largest long distance carrier and has a cash cow in the local phone business. Sprint also has a potentially successful international strategy, an emerging wireless business, and strong data communications offerings.

Comment:

With the exception of BellSouth, is the largest telecommunications company in the US that has not been part of a merger

United States, Strategy & planning, Sprint Corp.

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Jobs going begging, companies in Florida adapt

Article Abstract:

BellSouth Corp.'s BellSouth Telecommunications of Miami unit has experienced difficulty filling employment positions. The company indicated that it has taken six months to fill 500 newly created positions in Florida. BellSouth went through 10,000 applicants before finding the right people for the jobs. The story is typical for corporations in Florida, who have abandonned the traditional avenues of recruitment, such as classified advertisments, in favor of signing bonuses, Internet notices and offering prizes to employees who bring in new workers.

Comment:

Has experienced difficulty filling employment positions

Florida, Personnel administration, BellSouth Corp.

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