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| Author | Topic: AT&T (T) |
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InvestorGuide Daily Administrator |
AT&T, whose shares have fallen 37% so far this year, should avoid creating a tracking stock for its consumer long-distance operation--as was suggested today--because the unit's outlook remains poor, analysts said. (source: Cnet) http://news.cnet.com/news/0-1004-200-2178998.html |
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InvestorGuide Daily Administrator |
In brief: - Liberty Media Group, AT&T's cable-television unit, agreed to buy a 72% voting stake in UnitedGlobalCom for $3.48 billion, creating the world's largest cable-TV company outside the United States. |
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InvestorGuide Daily Administrator |
In brief: - AT&T agreed to delay a plan that would clear the way for it to increase its control of Excite@Home until a court fight with Cablevision Systems is resolved. |
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InvestorGuide Daily Administrator |
AT&T, the No. 1 U.S. telephone company, won a legal battle on Thursday after a federal appeals court overturned a decision by a municipality that required AT&T to open its high-speed cable Internet lines to rivals. (source: CNNfn) http://cnnfn.com/2000/06/22/companies/wires/att_wg/ |
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InvestorGuide Daily Administrator |
In brief: - In the ongoing AT&T rate-saga, Chairman C. Michael Armstrong said he expects to resubmit some long-distance rate changes for tens of millions of customers because the changes are vital to meeting revenue projections. |
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Machiavelli |
I think you spoke to soon... Are you kidding me? When was the last time anyone paid $.29/minute for their long distance. And AT&T expects their customers to believe these rate increase will actually help them? When I read this article, I thought it was from the 80s, given the numbers they are talking about (even current numbers!). Why would anyone sign on to an archaic network, need to deal with different charges for different times or day, pay per minute rates (not even per second rates) that are 600% higher than what you can get with a top notch competitor? This company is really desperate... |
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InvestorGuide Daily Administrator |
In brief: - AT&T has backed off a controversial rate change plan just one week after it was filed. |
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InvestorGuide Daily Administrator |
In brief: - AT&T is raising certain long-distance rates for tens of millions of basic schedule customers as much as 80% in the wake of an industry proposal aimed at lowering the phone bills of consumers. |
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InvestorGuide Daily Administrator |
In brief: - The FCC approved AT&T's proposed $54 billion bid to buy cable television company MediaOne Group. |
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InvestorGuide Daily Administrator |
In brief: - The Federal Communications Commission is "within days" of acting on AT&T's proposed purchase of the MediaOne Group, the agency's chief said. |
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InvestorGuide Weekly Administrator |
Could Ma Bell actually be taken over? With a dismal outlook and the stock at a 20-month low, AT&T (T) suddenly has become an attractive takeover candidate for any European telecommunications company looking to break into the U.S. market. Others view a spin-off of the stagnant long-distance unit as more likely. (source: Upside) http://www.upside.com/texis/mvm/news/wire?id=391203662 Also, AT&T restated its forecasts for the rest of the year. But why should we believe these new promises after it failed to deliver on the old ones? (source: Money) http://www.money.com/money/depts/investing/sivy/index.html |
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Machiavelli |
Has anyone noticed that with their rapidly falling stock price, AT&T is only valued at $122 billion? I know it sounds crazy and almost blasmephous, but they could become a prime takeover target for one of the European telecoms looking to break into the US market in a big way. Mark my words...it could happen. |
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Earnings Administrator |
AT&T concerned investors with warnings about 2000 earnings: http://www.att.com/press/item/0,1354,2842,00.html Company (ticker): reported, expected, same q last year |
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newsman |
Worth magazine ranked C. Michael Armstrong #25 on its top CEOs list. Here's what they said: "Now in his third year as CEO, Armstrong is turning a once-stodgy, insular, and bureaucratic phone company into what Merrill Lynch analyst Adam Quinton describes as "one of only a few large, diversified global telecom service providers." Under the guidance of Armstrong, who was No. 29 in 1999, AT&T has shifted its sights from the telephone to the Internet. The company's mission is now focused on bringing data, image, and voice signals over cable and fixed- wireless services into the home. To that end, AT&T spent $126 billion to expand its "digital footprint" and to acquire more resources: It followed up its 1998 purchases of TCI and Teleport Communications Group by purchasing MediaOne and IBM's global network business. OUTLOOK: AT&T expects broadband to grow between 12 and 14 percent in 2000 and wireless communications to grow between 25 and 30 percent. Armstrong also plans to cut corporate expenses by another $2 billion this year. TWO LETTERS: P and R. "He's more involved with the public than any CEO I've worked with," says one 30-year company veteran. PASSIONS: Riding the back roads on one of his classic Harleys, and skiing. CORPORATE GOAL: To become the leading provider for broadband and wireless communications services. PERSONAL GOAL: To spend more time riding his Harleys, and with his family. FINANCIAL REWARDS: Received more than $4.6 million in total compensation; owns $27.4 million in AT&T stock." |
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InvestorGuide Daily Administrator |
In brief: - AT&T and British Telecom will invest $2 billion in a global network of computer centres that will host Web sites and process electronic commerce. The deal is similar to ones made by IBM and Qwest in recent days. |
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