April 17, 1987
San Francisco-based Pacific Telesis Group, which serves California and Nevada, said Thursday that its first-quarter profit rose 7% from a year earlier on a slight increase in revenue. Pacific Telesis said the results do not reflect a recent ruling by the California Public Utilities Commission to reduce the rates of Pacific Bell, a Pacific Telesis unit, in 1987 to account for lower inflation and interest rates.
March 31, 1992 |
John E. Hulse has resigned as chief financial officer of Pacific Telesis Group, ending his 34-year career in the telecommunications industry, Chief Executive Sam Ginn announced Monday. Hulse will be succeeded by Lydell L. Christensen, who was also named executive vice president. Christensen, 57, will retain the post of treasurer, which he has held since 1987.
November 4, 1987
More members of Pacific Telesis' top management announced on Tuesday their intent to take early retirement, thus following the lead last July of the the holding company's chief executive, Donald E. Guinn, 54, and his counterpart at Pacific Bell, Theodore J. Saenger, 59. Tuesday's batch include vice president Gerald D. Foster, 57, head of Southern California operations for the San Francisco-based parent firm.
January 24, 1989 |
Pacific Telesis Group, calling 1988 a "banner year," today reported a 25% increase in earnings over 1987. Earnings for the 12 months that ended Dec. 31 were $1.19 billion, compared to $950 million for the previous year, the telecommunications corporation said. Per-share earnings for the year were up 27.1% to $2.81, compared to $2.21 in 1987. Outstanding shares decreased from 430 million to 423 million.
August 13, 1996 |
Michael Ashby, vice president and chief financial officer of Pacific Telesis Enterprises, has been named to the board of directors for Xircom in Thousand Oaks. "Michael's leadership role at Pacific Telesis, combined with his years of experience in finance and operations at other technology companies, will be very valuable to Xircom," said Dirk Gates, Xircom chairman, president and chief executive officer.
April 20, 1985 |
Pacific Telesis Group, which inherited Pacific Telephone's local network and other assets 16 months ago, threw its first annual meeting Friday--just two days after its former parent, AT&T, held its 100th. The theme was the new company's future, not the old Bell past, Chairman Donald E. Guinn emphasized, telling reporters: "Then's then; now's now."