| Business Summary | | Price
Communications
Corporation
is
a
nationwide
communications
company
that
owns
and
then
disposes
of
television,
radio,
newspaper,
cellular
telephone
and
other
communications
and
related
properties.
The
Company's
business
strategy
is
to
acquire
communications
properties
at
prices
it
considers
attractive,
finance
such
properties
on
terms
satisfactory
to
it,
manage
such
properties
in
accordance
with
its
operating
strategy
and
dispose
of
them
if
and
when
the
Company
determines
such
dispositions
to
be
in
its
best
interests.
The
Company
is
engaged,
through
Price
Communications
Wireless
(PCW),
in
the
construction,
development,
management
and
operation
of
cellular
telephone
systems
in
the
southeastern
United
States.
The
Company
markets
all
of
its
products
and
services
under
the
name
CellularOne.
In
November
2000,
the
Company
entered
into
a
transaction
agreement
whereby
Verizon
Wireless,
Inc.
will
acquire
PCW. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Price
Communications
is
currently
engaged
through
Price
Communications
Wireless
(PCW)
in
the
construction,
development,
management
and
operation
of
cellular
telephone
systems
in
the
southeastern
United
States.
For
the
six
months
ended
6/30/01,
revenues
fell
2%
to
$132
million.
Net
income
decreased
48%
to
$6.9
million.
Results
reflect
decreases
in
outcollect
airtime
roaming
revenues,
and
increased
advertising
expenditures. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Robert Price, 67 Pres,
CEO, Treasurer, Director | $1.1M | $2.5M | Dennis Stone, 41 Pres
of PCW | 334K | -- | Kim Pressman, 43 Exec.
VP, CFO, Assistant Treasurer, Director | 535K | 2.5M | Ellen Fader, 47 Sr.
VP, Sec. | -- | -- | Michael Bruno, 31 Exec.
VP of PCW | 323K | -- | Dollar amounts are as of 31-Dec-1999 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
|
|