Underwriters Accused Of Misleading Stock Offerings
Testimony at Public Service Commission hearings on Lincoln Telephone and Telegraph Co. rate rise raised claims that stock syndicates feed misleading information to the press to aid offerings. Executives from Dean Witter & Co. and Kirkpatrick Pettis discussed the practice and SEC rules, while others defended brokers, stressing that false statements are unlawful and rarely practiced.
MENTIONED IN THIS ARTICLE
Public Service Commission
John James
Chicago
Dean Witter & Co
Securities and Exchange Commission
Joe Cella
Washington
SEC
Nebraska
Lincoln
Jim Ellis
Ellis- Holyoke
Ellis
Kirkpatrick Pettis
Omaha
Jack Peterson
PSC
Lincoln Telephone & Telegraph Co
Lt&t
James defends LT&T stock pricing at PSC hearing
John James states the 30 dollar LT&T offering price was fair and would have harmed market interest if higher. He notes Dean Witter sold about 150,000 of 350,000 shares, and claims underwriter tactics and timing influenced press reporting and sales pace.
MENTIONED IN THIS ARTICLE
Dean Witter
Lincoln Tel
Public hearing winds down on LT&T rate increase complaints
Citizens testify on LT and T rate hike with mixed reviews. Roger Anderson praises LT&T as a fine corporate citizen while Lois Neuman blasts service and cites long distance issues. AT&T officials address directory assistance and service questions as PSC closes hearing day.
MENTIONED IN THIS ARTICLE
Roger Anderson
First National Bank
Ll&t
Lincoln
Charles Pallesen
Lois Neuman
J St
June Foltz
St. Marys Ave
At&t
PSC
Harold Simpson
Charles Arnold
Arnold
Jim Geist
Zenith to Cut 5600 Jobs as Imports Challenge TV Maker
Zenith Radio Corp moves to shift some operations to Mexico and Taiwan and fire 5,600 workers within a year after flagging sharply lower earnings in 1977. The company, long seen as pro American labor, will keep its 1927 slogan though its famous commercials are retired.
MENTIONED IN THIS ARTICLE
Chicago
UPI
U.S
Zenith Radio Corp
Japan
Mexico
Taiwan
John J. Nevin
Zenith
Lincoln hosts symposium on American politics and world order
Two political scientists Ole Holsti of Duke and James Rosenau of USC present a paper for the Hendricks Symposium on American Politics and the Search for World Order at the Lincoln Hilton. The event, sponsored by the University of Nebraska Lincoln, runs through Saturday.
MENTIONED IN THIS ARTICLE
Hendricks
Lincoln Hilton
Ole Holsti
Duke University
James Rosenau
University of Southern California
Vietnam
University of Nebraska-Lincoln
Also Mentioned on This Page
Wall Street ‘Journal
Phil Hawkins
Wall Street Journal
New York
Lincoln Telephone & Telegraph
Allen Overcash
James
Lincoln Journal
Lincoln Telephone and Telegraph Co
Dean Witter Co
Pallesen
Zenith Ahs
48Th
Leighton
Lincoln, Ned
Joun
Rodney J. Soukup
Institute of Electrical and Electronics Engineers
Eckert
Depot Inn
Place 'N Press
Fki
coLo
R Tile Supermarts, Inc
Ee Hee
OUR Best
Ken Eddys Steak House
Marys
Jae
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