Potential competitors could not hope to have the access to capital that the telephone giant had.

The announcement may also include new additions to the telephone giant's minicomputer family and computer networking products.

The telephone giants and the cable-television giants are fighting over a future 20 or even 30 years away.

But now Verizon, a telephone giant, is gearing up to offer an alternative television signal through its lines.

Now, the German telephone giant may have the chance to relax a bit.

In its last full year the telephone giant was accused of raking in too much money after making £3bn - a massive £97 per second.

But the telephone giant's most interesting relationship may well be with General Magic, which was started by former employees of Apple Computer.

Mexico's telephone giant, Telcel, also donated some money.

The battle thus largely comes down to the educational and religious institutions against the telephone giants.

Also, Morgan held options in the major copper mining companies that built wires to support the telephone giant.