I have held CSN for over 3 years. It has performed well over that period. Here are my notes, I offer them in a spirit of spreading the info.
Company notes
MATRIXX Marketing Again Ranked Largest Service Agency
April 22, 1998-- MATRIXX Marketing Inc. has been named the largest customer service agency in
North America by Telemarketing & Call Center Solutions magazine. MATRIXX received this
designation based on the number of minutes billed, as part of the publication's ''Top 50 Service
Agency Ranking and Industry Profile.''
April 13, 1998--CBIS today announced a contract to provide billing and subscriber mgmt for
Bell Atlantic's offering of direct broadcast satellite (DBS) services. Under terms of the 5 yr
contract, CBIS will provide these services in its state-of-the-art data center environment.
March 31 98 - Morgan Stanley raised its rating on shares of Cincinnati Bell Inc to outperform from neutral
and set 12-month $43 target.
-- Favorable resolution of Ohio rate case seems likely near-term, analyst David Togut said.
-- Believes company's mixed fundamental outlook for first half 1998 is already discounted in stock
price.
-- Also said: ''Management now appears willing to realize a significant part of the company's
break-up value over the short to intermediate term.''
Jan 22, 98 - CSN annouces incr earns for 4q97
* 4q97 includes a special $210 mill charge for discontinuing the use of Monopolistic acctg
stds and adopting stds for competitive operating companies?
Jan 8, 1998 - Matrixx acquired the teleservices assets of Maritx for $30 mill w/ incentives
that may drive the price up another $20 mill.
Dec 23, 1997 - AT&T and Cincinnati Bell Inc. today jointly announced a definitive agreement for
MATRIXX Marketing Inc., the teleservices unit of Cincinnati Bell, to acquire AT&T Solutions
Customer Care, formerly AT&T American Transtech, for approx. $625 mill in cash.
May 5, 1997--CBIS(R) announces the
signing of a contract with TCA Cable TV, Inc., (TCA) of Tyler, Texas, the nation's sixteenth largest
cable MSO. CBIS will provide its CableMaster(TM) 2000 Subscriber Management and Billing
System for all of TCA's more than 650,000 subscribers in eight states. TCA will use the CBIS
CableMaster 2000 system to consolidate its various operations into a single subscriber mgmt sys
Feb. 3, 1997--The Board of Directors of Cincinnati Bell approved 2-for-1 split payable to sh holders
of record May 2, 1997. Shareholders will vote on issuing addl shs at Annl mtg.
Jan. 16, 1997--MATRIXX Marketing Inc. announced agreement w/ American Express Europe
providing "outsourced telephone marketing solutions"
Nov 25, 1996 - Cincinnati Bell Inc today announced completion of the acquisition of Software Support, Inc. (SSI).
SSI is a leading provider of technical assistance over the telephone to users of computer hardware and software.
SSI revs 'for the 12 months ended Sept. 30 were about $20 mill
Oct 16, 1996 - Announces earns; 3rd qtr .68 vs .43; revs for CBIS & Matrixx Marketing grew 42% comprising > 1/2 of
CSN revs. The old telephone company has changed into a true diversified info co..
Matrixxx revs -- $95.5 M; CBIS revs - $125.1 for 3rd qtr.
Matrixx Marketing's DBS business is strongly contributing to rev growth. Another DBS customer service / sales
support center was opened in Orem UT during the qtr.
Sep 1996 - CBIS signs contracts to perform billing with Telecommunication Inc, and 360 Degrees. The
latter runs thru 2006. CBIS acquires ICS Info Tech a marketer of Summit wireless customer care.
May 1996 - CSN splits stock 2-for-1.
May 22, 1995 -
After doing research on the DBS industry, I have decided to invest in CSN, the provider of customer phone support for
DirecTV. In Mar 95, I sold the remainder of PAC and used the proceeds, that did not arrive until May, to buy 100 shs
of CSN @ $25 5/8. This was my first trans using Quick & Reilly, w/ its lower commissions. The total costs was $
$2,612 of which $2,111 was the PAC proceeds and $500 was on margin. CSN has a div reinv program, I plan to take
advantage of it to acquire more CSN stock.
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