Sprint plans to integrate voice, data

Article Abstract:

Sprint executives confirmed the company's plans to move to the Integrated On-Demand Network (ION), a streamlined delivery system that will combine voice and data services as well as significantly more communications power. Chmn William T. Esrey promised a single connection that will enable customers to make calls, conduct business and browse the Internet. ION will move local traffic to its fiber-optic networks through high-powered ATM switches, Internet packet transmission equipment and data routers. Sprint said it will invest $400 million by 2000 in ION, in addition to its $8.3 billion on existing networks, executives said. ION will weaken Sprint's earnings through at least 2001. All-digital networks from startups including Qwest Communications International, IXC Communications and Level 3 Communications are pressuring large carriers to abandon the circuit-switch arrangement in place since the 19th century.

Telecommunications, Telephone Communication, Product development, Telecommunications equipment industry, FON, Company technology development

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AT&T will settle EEOC lawsuit for $66 million

Article Abstract:

AT&T agrees to settle a pregnancy discrimination case with the US Equal Employment Opportunity Commission for $66 million. The case is a class-action originally filed in 1978 on behalf of 13,000 female AT&T workers who claim that Western Electric Co - formerly the telephone equipment making part of AT&T - denied employment benefits to pregnant workers between 1965 and 1977. The women say that Western Electric forced women to leave their jobs at the end of their sixth month of pregnancy, denied them credit for seniority, and refused to guarantee them work when they returned. A federal judge decided, in 1987, that Western Electric had discriminated against the employees in violation of Title 7 of the Civil Rights Act of 1964.

Admin. of social & manpower programs, Telephone companies, T, Women, Sex discrimination against women, Discrimination, American Telephone and Telegraph Co., United States. Equal Employment Opportunity Commission, Legal Issues, Employee Relations, Telephone Company, Western Electric Company Inc.

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United Telecom's 2nd period dive spurs six lawsuits

Article Abstract:

United Telecommunications Inc and its chairman William T. Esrey are being charged in six different class-action lawsuits in the wake of very disappointing 2nd qtr 1990 earnings. The lawsuits all come from disgruntled shareholders who claim that Esrey painted an overly optimistic picture of the company's future. In particular, the shareholders claim that certain non-recurring charges totaling some $72 million were hidden from investors until the quarterly report was released. For the quarter, United Telecom's net income fell 55 percent to $40.6 million, or 18 cents a share, following a $42 million operating loss at US Sprint.

Profits, Stockholders' derivative actions, Shareholder lawsuits, UT, Stockholder, Profit, Second Quarter

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