Nudge Wrote:
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> SP had the largest privatly owned phone company in
> the world. They started by loading too many
> channels into on a carrier to get away from the
> wire lines. Finally, the old wood was dragged into
> the new age and they put in a microwave system.
> They called it Sprint. It was great for the
> company and TOPS was right on its coat tails. Then
> the SP/SF merger came up and was shot down. But
> not before Biaggini sold off Sprint and the
> pipelines. Then Krebs jumped ship to the SF and
> took everything else with him that wasn't nailed
> down. All that was left were the rails, ties and
> right-of-way. They were in sad shape and so was
> the power.
>
> In steps "Uncle Phil" from the DRGW and buys the
> SP and puts a lot of money into the old girl.
> A few years later, he had sucked out what was
> left, and had a fire sale for the UP.
>
> The only people that were hurt were the employees,
> share holders and the public. All the top dogs
> walked away with millions of dollars in their
> wallets and everybody else was left to the wind,
> and later, The "Yellow Peril". It was sad to put
> so many years into the old "Friendly" and watch it
> fade away into the Sunset.
>
> Nudge
Southern Pacific started their Microwave installations in the late 1950's using GTE equipment….this was long before Sprint.
Chris….Former SP comm dept. employee. Retired.