Special full-day presentations detailing all business
operations of Commonwealth Telephone Enterprises,
Inc. (CTE) have been given to CTE's management
employees by the communications company’s execu-
tive staff. :
The new briefing program, which will be repeated
regularly and is designed to provide each employee
with a full awareness of CTE's strategic objectives
and ongoing business activities, is headed by chair-
man of the board Andrew J. Sordoni III and chief
operating officer William L. Moyer.
Organized by the Human Resources Department,
the presentations gave specific information for CTE’s
three operating groups, telephone, communications
and cable television, including finance and planning,
human resources, technology, marketing and busi-
ness development, sales operations, data processing
and supply and inventory. Each segment was
presented by the corporate executive responsible for
that area.
The program was videotaped in progress by CTE's
Cable Television Group for incorporation in
editedform as part of the company's orientation
p r 0 c e d u r e
for new employees.
Commonwealth Telephone Enterprises, which has
grown from a local telephone company founded in
Dallas in 1897 to a major northeastern Pennsylvania
corporation with 1983 revenues and sales of $97.9
million, is a provider of diversified telephone, cable
television and communications products and services
through its three operating groups.
Northeastern Bancorp, Inc. (OTC)
reported second quarter net income
of $2,949,000 before the preferred
stock dividend requirement, up 32.9
percent over the $2,219,000 earned
during the same period last year,
according to David L. Tressler,
president and chief executive offi-
cer.
Northeastern Bancorp's principal
subsidiary is Northeastern Bank of
Pennsylvania, which has a branch
Eastern Corp.
of 1983.
in Dallas.
Net income applicable to common
stock was $2,729,000, up 23.0 percent
from $2,219,000 in the second
quarter of last year. Net income per
common share and common share
equivalents was $.85 on a primary
basis and $.83 on a fully-diluted
basis, compared to $.88 on both a
primary and fully-diluted basis for
the second three months of last
year.
Tressler explained that the
decrease in the per common share
net income is due to the dividend
requirement on preferred shares
issued and an increase in the
number of common shares outstand-
ing from the acquisition of Cement
National Bank last August.
For the first six months of this
year, the Bancorp's net income was
$5,571,000 before the preferred stock
dividend requirement.
right for you.
account.
the easy way
I 7
i
Samuel Soltis
Markdata
Expands
Markdata Inc. has announced the
official opening of a new office
complex in Washington, D.C.
The facilities are located in the
Heritage Foundation Building, two
blocks from the U.S. Capitol.
Markdata President Tom Joseph
said the addition of Washington
offices represents a new era for the
company and is expected to create
150 new jobs at Markdata’s Pittston
headquarters.
Joseph added that Markdata’s
presence in the nation’s capitol will
enable it to increase its share of the
rapidly growing direct marketing
business involving political contri-
butions, candiates and public inter-
est organizations.
Several prominent clients are
already being served by Markdata.
Dallas Post / Ed Campbell }
Pictured, from ‘left, “in ‘the top
(Bottom) Rose Mary Harrison, on the table, is shown being
Soltis Gains Post
At W-B Hospital
Samuel Soltis of Shavertown was recently appointed administrative
fellow at Wilkes-Barre General Hospital.
In this capacity, his primary responsibility will be preparing,
analyzing and monitoring the hospital's Nursing Services budget. He
will also be responsible for developing an operational information
system involving patient classification and personnel staffing.
A 1982 graduate of Oral Roberts University, Tulsa, Oklahoma, Soltis
served his administrative residency at Wilkes-Barre General Hospital
and recently received his master's degree in health administration
from the Ohio State University. While attending OSU, he was an active
student member of the American College of Hospital Administrators
(ACHA), the Health-care Financial Management Association (HFMA)
and the Central Ohio Health Administrators Association.
JANNEY MONTGOMERY
SCOTT INC.
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