Southwestern Bell's moves pay off

Article Abstract:

Southwestern Bell's financial and managerial decisions, after the breakup of AT&T, have led the company to a assume a successful position in the telecommunications industry. Industry analysts had originally predicted that other Baby Bells would prosper by forging ahead into unregulated businesses. Southwestern stuck to the telecommunications industry and proved to wisely invest in cellular communications and services. While the recession has hurt profits for many telecommunications companies, Southwestern Bell is building a new 11-story computer center and has plans to introduce a new pocket phone that will allow users to retain one phone number and still receive calls in the car, at home or at the office. Analysts had thought the company had overpaid for cellular customers and for certain Mexican and French businesses, but the company proved analysts wrong and succeeded in both diversification efforts. While the company's business is focused on regulated local and interstate phone services for 9.3 million customers, it expects 30 percent of earnings to come from unregulated business by 1993.

Management, Product development, Cellular telephones, Wireless telephones, Telephone companies, Regional Bell Operating Companies, Growth (Physiology), Growth, Industry Analysis, Strategic Planning, Telephone Company, Cellular Radio, Diversification, Regulation, Bell Regional Holding Companies

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A.T.&T. net rises; GTE's declines

Article Abstract:

The telecommunication industry reports mixed results for the 1st qtr of 1991 with AT and T reporting an increase in net income and GTE Corp reporting a decrease in earnings. AT and T had earnings of $712 million, or 65 cents a share, for the 1st qtr of 1991, a 6.5 percent increase from the $668 million, or 62 cents a share, it reported for the same period in 1990. Revenue was up 3.2 percent for the period with a total of $9.19 billion as compared with $8.90 billion for the same period in 1990. GTE reported a decrease in net income of $200 million, or 22 cents a share, for the 1st qtr of 1991; the decrease is over a 50 percent drop from its net income of $407 million, or 46 cents a share, for the same period in 1990.

Telephone and telegraph apparatus, Finance, T, Profits, GTE Corp., GTE, Cellular telephone equipment industry, American Telephone and Telegraph Co., Revenue, Profit, Financial Report

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