| Business Summary | | Murdock
Communications
Corporation
operates
as
a
holding
company
with
its
principal
assets
being
the
Priority
International
Communications,
Inc.
(PIC)
business
segment
and
its
investment
in
Actel
Integrated
Communications,
Inc.
(Actel).
PIC
is
largely
a
reseller
of
call
processing
services.
PIC
offers
telecommunications
services
principally
to
aggregators
of
operator
service
traffic
and
to
a
limited
number
of
payphone
operators.
Actel
is
a
facilities-based
competitive
local
exchange
carrier
of
advanced
voice
and
data
communications
services
to
small
and
medium-sized
enterprises,
and
offers
advanced
end
user
services
in
the
Southeastern
United
States.
Actel
filed
for
bankruptcy
under
Chapter
11
of
the
United
States
Bankruptcy
Code
on
April
11,
2001.
ATN
Communications
Incorporated
(ATN),
a
wholly
owned
subsidiary
of
PIC,
has
discontinued
its
operations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Murdock
Communications
provides
long-distance
telecommunications
services
principally
to
hotels
and
motels.
For
the
six
months
ended
6/30/01,
total
revenues
fell
90%
to
$22
thousand.
Net
loss
from
continuing
operations
applicable
to
Common
totalled
$1.5
million
vs.
an
income
of
$3.6
million.
Revenues
reflect
the
sale
of
the
Murdock
Technology
Services
segment.
Net
loss
reflects
the
absence
of
a
$6.8
million
pre-tax
gain
recorded
in
the
prior
year
related
to
debt
restructuring. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Eugene Davis, 45 Chairman,
CEO | $181K | Wayne Wright, 55 Vice
Chairman; Pres of Priority International Communications, Inc. | -- | Paul Tunink, 42 CFO,
VP, Sec. | 173K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|