When 97.2 million dial 'M' for Mom
Article Abstract:
AT&T expects 97.2 million calls to be successfully completed on Mother's Day, 1992, but a few callers will still get a recording stating that the circuits are busy. Mother's Day is historically the annual occasion on which the largest number of long-distance calls are made. It puts a great deal of strain on the networks, not only because of the volume of calls, but also because each call tends to be longer than an average business call. Most of the calls are to and from suburban areas with low-capacity telephone lines, rather than major metropolitan centers. AT&T's switching centers now avoid congested areas by routing bunches of calls all over the nation. Since telephone transmissions travel at a rate of one million to two million miles an hour, these detours are rarely noticed by the caller. The AT&T Network Operating Center in Bedminster, NJ tracks AT&T calls all over the globe, pinpointing trouble areas and making sure that the computer network system does not overload.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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Centel says it's studying possible sale
Article Abstract:
Centel Corp may put itself up for sale in an attempt to increase shareholder value. Industry observers note that Wall Street valued the cellular telephone services company at $3 billion, but after news of a possible buyout was released, the stock rose $9 a share bringing the company's value to near $5 billion. Analysts note that the cellular telephone business is one of the fastest growing sectors of the telecommunications industry, but also one that has been hit particularly hard by the recession. Some speculate that buyout shares could be worth as much as $55 to $60 a share, but others do not see a figure that high. Centel shares closed at $46 a share on Jan 23, 1992 after running up $9 a share for the day.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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