| Business Summary | | Hector
Communications
Corporation
(HCC)
is
a
telecommunications
holding
company
that,
through
its
wholly
owned
and
majority-owned
subsidiaries,
primarily
provides
local
telephone
and
cable
television
service.
HCC
operates
five
wholly
owned
local
exchange
company
subsidiaries,
which
served
7,422
access
lines
in
nine
rural
communities
in
Minnesota
and
Wisconsin
at
December
31,
2000.
HCC,
through
its
subsidiaries,
also
provides
cable
television
service
to
4,853
subscribers
in
Minnesota
and
Wisconsin.
HCC's
68%-owned
subsidiary,
Alliance
Telecommunications
Corporation
(Alliance),
owns
and
operates
six
additional
LEC
subsidiaries,
which
served
31,323
access
lines
in
28
rural
communities
in
Minnesota,
Wisconsin,
Iowa
and
South
Dakota,
at
December
31,
2000.
Alliance,
through
its
subsidiaries,
also
served
8,318
cable
television
subscribers
in
Minnesota,
North
Dakota
and
South
Dakota. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HCT,
through
its
wholly
owned
and
partially
owned
subsidiaries,
provides
local
telephone
and
cable
television
services.
HCT
also
invests
in
partnerships
providing
telecommunication
services.
For
the
six
months
ended
6/30/01,
revenues
rose
13%
to
$20.1
million.
Net
income
fell
11%
to
$1.8
million.
Revenues
reflect
increased
usage
of
the
phone
network
and
the
acquisition
of
Hager
Telecom.
Net
income
was
offset
by
acquisition
related
expenses
and
lower
investment
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Curtis Sampson, 67 Chairman,
CEO | $225K | $41K | Steven Sjogren, 58 Pres,
COO | 159K | 38K | Paul Hanson, 54 VP,
Treasurer, Director | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|