[Analyst Meeting]
Scott --
I need more clues. Who hosted the analyst meeting? Charles Lee's comments in the '96 Annual Report and in his speech at the Microsoft CEO Summit apply, but I doubt this is what you had in mind.
gte.com
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Executing our strategic thrusts. Building on our existing strengths. Signing up over 1.5 million new customers. Offering a full array of products and services with the convenience of "one-stop shopping" and a single bill. These were just some of the accomplishments of our domestic operations in 1996.
Growth in access lines accelerated to 8.1%, pushing total lines to 20 million, with an 11.1% jump in access minutes of use. Revenues rose more than $1 billion to $17.6 billion, and new initiatives and expanded services contributed more than $300 million of the gain.
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Demographics for GTE's service areas:
gte.com
Charles Lee at the Microsoft CEO summit:
gte.com
<<<Thanks to ongoing technological innovations ... we're now on the threshold of turning those Information Age fantasies into business reality.
New methods of communications and data networking are providing greater geographic flexibility than ever before.
Increasingly, work groups won't have to move offices, computers, copy machines and faxes to complete a project together.
Documents will be shared, filed and swapped electronically among workers in geographically dispersed offices ... not to mention homes ... planes ... cars or hotel rooms.
And while a host of technologies will facilitate these developments, I want to highlight one particularly promising technology.
This technology is called ADSL - which stands for Asymmetrical Digital Subscriber Line.
Basically, ADSL enables the transmission of an enormous amount of information - at speeds ranging from 1.5 to 4 megabits per second - over existing, twisted pair, copper phone lines.
Let me tell you ... that's a lot of information ... transmitted in a very short period of time ... and much more cost-effectively than is the case using standard 28.8 modems and infrastructure.
From a business perspective, the real benefit of ADSL is that it will enable our employees to work from home as if they're plugged into their corporate LAN.
And ADSL isn't off in the distant future. It's happening right now.
In fact, GTE is conducting a major test of our ADSL technology right here in the Seattle area with Microsoft and a number of other companies. And the results are very encouraging.
So encouraging, in fact, that we've recently expanded the test to include an additional 1,000 Microsoft employees ... which makes the GTE ADSL test the largest of its kind in the world.
Over the next several years, we should see ADSL technologies rolling out in a big way around the country. The impact on business organizations and cultures could be dramatic.
All of these developments I've been discussing will be facilitated and enhanced by another key technological evolution. It's often referred to as Total Systems ... and it's about to become reality.
We're not far away from the complete integration of local networks, Intranets, Extranets and the Internet ... through totally open, interconnecting systems. And this integration will make possible a host of business and residential applications ... everything from the interconnection of customer and supplier databases to unified messaging services that bring together messages from various services ... home voice mail ... work voice mail ... mobile voice mail, e-mail, faxes, paging.
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