A Rotary Dial Antique That's Gleaming Like New

When AT&T was broken up 10 years ago, its telecommunications-equipment arm, Western Electric Co., was little more than a backwater division that shoved hardware to captive long-distance and local-phone operations. It had never had to compete for business and showed little indication that it could. The conventional wisdom was that the newly free Baby Bells would jump to Alcatel, Siemens, Northern Telecom, and Western's other competitors. And they did--for a while.

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