The Invention of the Telephone
On December 31, 1983, the day before AT&T was broken up, it was the largest corporation in the world. It dominated the four major markets in telephony: long distance, local service (or local loops), customer premises equipment manufacture, and switching and transmission gear manufacture. Based on its technological leadership, AT&T could probably have been a major factor in a variety of other industries, such as motion picture equipment, radio and television broadcasting, and consumer electronics. But the restrictions imposed by various government decisions on the company precluded AT&T from becoming an even larger company. Yet its beginnings were quite modest.
Alexander Graham ...