Telecommunications and Retail Sector Updates

Strategic Insights -

Teltrend Inc. has secured a significant contract with Bell Atlantic to supply Teltrend Performance Monitoring Digital Network Interface units for widespread use on both new and existing telecommunications circuits. The adoption of these units is expected to save Bell Atlantic money and improve efficiency. Meanwhile, Panera Bread has opened its third franchise location in Geneva, catering to the local community with its wide range of sandwiches, soups, salads, and desserts. Additionally, Sundstrand Corp. has reported a higher profit for the fourth quarter, despite turbulence in the aerospace market.

Key Takeaways:

  • Teltrend Inc. has won a contract with Bell Atlantic to provide Teltrend Performance Monitoring Digital Network Interface units for widespread use on both new and existing telecommunications circuits.
  • The adoption of these units is expected to save Bell Atlantic money and improve efficiency by reducing unnecessary field technician dispatches.
  • Panera Bread has opened its third franchise location in Geneva, Illinois, at 1492 S. Randall Road.
  • The location is owned by partners Gordan Hahn of Aurora and June Hamra of Missouri, who also own Panera restaurants in Buffalo Grove and Deerfield.
  • Sundstrand Corp. reported a higher profit for the fourth quarter, with net income of $61 million, or $1.11 per share.
  • Sales increased 9 percent to $532 million in 1997, despite charges of $5 million, or 9 cents per share, for restructuring and changes in accounting methods.
  • Sundstrand achieved strong results despite turbulence abroad in the aerospace market.

Statistics:

  • $61 million: Teltrend Inc.'s reported fourth-quarter profit for Sundstrand Corp. in 1997.
  • $1.11 per share: Sundstrand Corp.'s reported fourth-quarter earnings per share in 1997.
  • 9 percent: The increase in Sundstrand's sales for 1997, compared to the previous year.
  • $532 million: Sundstrand's total sales for 1997.
  • $5 million: Charges for restructuring and changes in accounting methods included in Sundstrand's 1997 results.

Sources:

  • Teltrend Inc. announcement on winning Bell Atlantic contract.
  • Panera Bread Company press release on new location opening.
  • Sundstrand Corp. quarterly earnings report for 1997.