MCI's earnings increased by 9% in 2nd quarter; revenue and traffic posted strong gains, and firm sees growth continuing

Article Abstract:

MCI Communications Corp reports a 9 percent increase in its second quarter net income, from $137 million in 1991 to $149 million in 1992. Revenue increased by 11 percent, to $2.61 billion from $2.35 billion. Despite the rosy picture, the company's stock went down by 37.5 cents, closing on Thursday, Jul 23, 1992 at $32.50. Analysts attribute MCI's revenue growth to its successful 'Friends and Family' discount plan and to its multiyear corporate contracts. The consumer discount plan buoyed the company's call traffic by 14.6 percent for the 2nd qtr 1992, or more than double the industry rate. MCI's marketing campaigns are costing the company $1.35 billion, or an increase in administrative expenses by 10 percent, however. Stock investors are apparently disappointed that MCI's profit growth does not match volume increases.

Telephone communications, exc. radio, Finance, Telephone companies, Profits, MCI Communications Corp., MCIC, Telephone Company, Profit, Financial Report, Second Quarter

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No vacancies; the wireless revolution faces a major obstacle: there's no room on the frequency spectrum

Article Abstract:

Pocket telephones and wireless data transmission devices have no room on the frequency spectrum. Everyday devices, including microwave ovens, garage-door openers, home cordless telephones and baby monitors are some of the things that are crowding the airwaves. The global telecommunications industry is lobbying to open up some spaces for wireless telephone networks and is working with the US Federal Communications Commission (FCC) to take portions of frequency bands away from some services. There is not much room to negotiate and space on the frequency spectrum for wireless transmission of data and voice is very small.

COMMUNICATION, Laws, regulations and rules, United States. Federal Communications Commission, Wireless LANs, Science and technology policy, Radiotelephones, Trends, Government Regulation, Telecommunications Industry, Frequency, Wireless Network

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