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Set in September 1992, this exercise provides teams of students the opportunity to negotiate terms of a merger between AT&T and McCaw Cellular. AT&T, one of the largest U.S. corporations, was the dominant competitor in long-distance telephone communications in the United States. McCaw was the largest competitor in the rapidly growing cellular-telephone communications industry. Prior to the negotiations, AT&T had no position in cellular communications. This case and its companion (F-1143) are designed to allow students to be assigned roles to play. The case may pursue some or all of the following teaching objectives: exercising valuation skills, practicing strategic analysis, exercising bargaining skills, and illustrating practical aspects of mergers and acquisitions.

RUMMAGING recently among some old possessions, I found in a cigar‐case a grimy double sheet of note‐paper with the heading: “date 3 Jan. 1909. All this Poetry was by Mr. R. Craig I think it Will do Just now. I am a good Drawer as People think. I remain.” The poems are on “Christmas,” “New Year,” “The Ocean,” and “Love Marriage and Etiquette.” While these verses proclaim the triumph of inspiration over orthography, their poetic content is poor, and it is unsettling for a bachelor to discover that when eight years old he was gaily capable of writing about his Wife and Boys.

The purpose of this research paper is to explore the decline of subsistence entrepreneurship in a “Scottish Fishing Community”, namely the village of Gourdon in Kincardineshire, Scotland over a 60‐year period.

Presents the material in a historical perspective, as remembered by two persons who lived through the experience. Using two ethnographic accounts the paper reconstructs a vivid picture of a thriving form of subsistence type entrepreneurship, in a bygone era, when enterprise was more closely bonded to community activities, the work ethic and pride.

This paper narrates a dramatic story relating to the economic decline visited upon a living community by the forces of market change affecting multiple income streams. In this tale, there are no heroes or villains, as is normal in narrative accounts, merely victims of changing circumstances and changing patterns of social action.

The results of this research paper have obvious limitations, because of the methodology employed, and because of the limited number of respondents interviewed. However, socio‐historical studies such as this have their place in developing an understanding of entrepreneurship as enacted in individual communities.

This paper tackles an under‐researched area of rural entrepreneurship using narrative methods which bring the subject to life.

While the more felicitous part of Dr. Erasmus Darwin's Eigh‐teenth Century peep into futurity may not be, at the moment, over‐absorbing, we must adjudge him a sound prophet. The motive power proposed in his Botanic Garden for flying‐chariots is steam, but such a trifling error in detail, when we ponder on the Origin of Nazis, is surely irrelevant.

IN 1975 an observer visited the multi‐media centre at Kennoway in Fife. There he was shown by an enthusiastic Head Teacher, classes of children being taught “information skills” They were given carefully prepared assignments which necessitated the use of various types of media and instruction on how to use the resources of an excellent multi‐media library. They went about their work with an assurance and, so it seemed, an enjoyment rare in secondary school pupils.

ACCORDING to the best‐informed, there is coming a time when we will all quite literally outsoar the shadow of our night, to descend, each of us, as a spent rocket—Out, out, brief candle!—in an adjacent parish. Yet the human spirit is tough enough to plan its own perfections, even in face of the swifter preparations for the air‐raid. While aviators pay Daedalus a fitting veneration, hopeful humanity need not forget the fate of Icarus.

DURING a recent stay in one of London's vast new dormitory towns I had desire to purchase a weekly known among people of literary interests for its high standard and tone. My excursion to buy it developed into a search, and in the search I failed.