"The business recession should be bottoming out now," American Telephone & Telegraph President Frederick R. Kappel last week said to some 2,600 stockholders crowded into the annual meeting in Manhattan. Other cheery news: A.T. & T.'s 1957 profits were up to $852,904,000 v. $777,791,000 in 1956, would probably stay up in 1958. "As to our growth," said Kappel, "I think the significant point right now is that we are furnishing more service despite the general slowing down of the nation's economy." To expand service, A.T. & T.:
ΒΆ Added 1,400,000 phones since September, and...
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