April 27, 1993 |
B of A Becomes MCI's Biggest Client: MCI Telecommunications Corp. said it has won its largest corporate long-distance account to date, signing Bank of America Corp. to a multi-year deal worth more than $250 million. Bank of America, the nation's second-largest bank, joins top U.S. bank Citicorp and top U.S. brokerage Merrill Lynch & Co. as MCI long-distance clients, the company said. MCI is the nation's No. 2 long-distance company, behind American Telephone & Telegraph Co.
CALIFORNIA | LOCAL
February 4, 1989
Computer hacker Kevin Mitnick, imprisoned on suspicion of gaining illegal access to at least two computer systems, has been indicted on a new charge of trafficking in long-distance telephone codes. A federal grand jury returned a superseding indictment against Mitnick, 25, of Panorama City, adding the charge that he illegally possessed 16 long-distance codes belonging to MCI Telecommunications Corp. when he was arrested on Dec. 9 in Calabasas.
September 21, 1995
"AT&T is reinventing itself once again." --Robert E. Allen, Chairman, AT&T "That's a heck of a jump in stock price for one action ... but I don't think it's going to have much impact on the industry. They were a formidable company when they were improperly structured and they will be a formidable competitor now. They've just, in essence, opened up the kennel door and let out their worst and mangiest flea-bitten dogs." --Tim Price, president, MCI Telecommunications Corp.
December 28, 1997 |
1: The stock market's 554-point plunge Oct. 27 was its worst point loss ever, but not its biggest setback on a percentage basis. The market that day fell: a) 8% b) 7% c) 6% d) 3% 2: The estimated $311 million being paid by Rupert Murdoch's News Corp. for the Los Angeles Dodgers is nearly twice as much as the existing record price paid for a major league baseball team.
May 12, 1988
MCI Telecommunications Corp. has named George W. DeSola as vice president-sales, marketing and customer service for the Pacific division, with offices in San Francisco. He will oversee 10 branch offices, including Los Angeles. DeSola previously was senior vice president-sales and marketing at American Network.
CALIFORNIA | LOCAL
June 3, 1995 |
The Las Virgenes Unified School District has received a $10,000 grant from MCI Telecommunications Corp. to help update technology in the schools, district officials said. The money will be used to assist schools in obtaining access to the Internet, said Gina Amenta, a teacher who wrote the grant application for the district. "This type of commitment is what is vital to ensure that our children are prepared for the 21st Century," Fredda Hamilton, a representative of the company, said.