TECHNOLOGY & TELECOMMUNICATIONS
From Times Staff and Wire Reports
Sprint Forecasts Lower Income: The company said it expects fourth-quarter operating income in its long-distance business to decline from the third quarter, partly because of increased competition in the consumer long-distance market. Sprint Corp. and MCI Communications Corp. may be feeling the effects of stepped-up marketing efforts by AT&T; Corp., the largest U.S. long-distance company. AT&T; told a group of analysts that it added 300,000 customers in its consumer long-distance business in November, almost tripling its average monthly gain for 1994. Sprint, the No. 3 U.S. long-distance company, reported that its third-quarter operating profit was up 31%. Revenue for the division rose 13%, to $1.74 billion from $1.54 billion.
