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Argus in Fremont, California

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Newspaper

Argus

Location

Fremont, California, United States of America

Date

Feb 09, 1971

Page

18

PT and T earnings drop signals 1971 plant spend plan

PT and T reported 1970 earnings of 1.46 a share down from 1.52 the prior year, as Hull warned the company will invest about 600 million in new California and Nevada plants in 1971. By mid-decade the capex figure could top 1 billion, underscoring heavy expansion plans.

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