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Author Topic:   AT&T (T)
InvestorGuide Daily
Administrator
posted 03-31-2000 06:26 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
A consortium led by AT&T said it will make a $1.4 billion cash investment in internet telephone services provider Net2Phone. The move is the latest by the U.S. long-distance telephone company to strengthen its Internet presence. (source: Cnet)
http://news.cnet.com/news/0-1004-200-1616745.html

InvestorGuide Daily
Administrator
posted 03-30-2000 07:41 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
British Telecom, AT&T and Microsoft will cooperate on wireless Internet services for their customers around the world. The companies said in a joint statement that they expect to start trials of some of the services this autumn with commercial rollout planned soon after that. (source: Cnet)
http://news.cnet.com/news/0-1004-200-1611107.html

heister
posted 03-29-2000 04:48 PM     Click Here to See the Profile for heister      Reply w/Quote
quote:
Originally posted by InvestorGuide Daily:
AT&T announced that its shareholders approved the company's proposal to create a tracking stock that will reflect the performance of AT&T's mobile phone division and other wireless businesses.

AT&T announced the tracking stock yesterday.
It plans to offer 360 million shares for $26-$32 per share
http://www.streetadvisor.com/Article/Article.asp?aid=2246

InvestorGuide Daily
Administrator
posted 03-23-2000 06:32 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
In Brief:

AT&T is launching its high-speed fixed wireless service to the commercial market, after several years of trials. Dubbed "Project Angel," the technology would allow AT&T to augment its service over ordinary phone and cable TV lines.

InvestorGuide Daily
Administrator
posted 03-14-2000 06:53 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
AT&T announced that its shareholders approved the company's proposal to create a tracking stock that will reflect the performance of AT&T's mobile phone division and other wireless businesses. The company expects to begin selling the shares this spring in what may be the biggest IPO in U.S. history. (source: SJ Mercury Center)
http://www.mercurycenter.com/svtech/news/breaking/merc/docs/076342.htm

InvestorGuide Daily
Administrator
posted 03-09-2000 07:25 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
Bidding to become the largest cable-TV operator with its proposed purchase of MediaOne Group, AT&T offered to divest one of its cable internet services to appease federal antitrust regulators. (source: Cnet)
http://news.cnet.com/news/0-1007-200-1568486.html

InvestorGuide Daily
Administrator
posted 03-09-2000 07:24 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
Dan Hesse, president and CEO of AT&T Wireless Services, is walking away from what could become the largest U.S. IPO ever to head up TeraBeam Networks, an internet startup. (source: CNNfn)
http://www.cnnfn.com/2000/03/09/companies/att

InvestorGuide Daily
Administrator
posted 02-29-2000 06:37 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
Ahead of its pending launch of a tracking stock for its wireless operations, AT&T and two of its affiliates announced license swaps and the merger of TeleCorp PCS, AT&T Wireless' largest affiliate, and Tritel, its second-largest affiliate, in a transaction worth approximately $4.9 billion. (source: press release)
http://www.att.com/press/item/0,1354,2618,00.html

analyzit
posted 02-15-2000 10:38 PM     Click Here to See the Profile for analyzit      Reply w/Quote
Spreadsheet Analysis on AT&T

Oops. I posted an incorrect link below. The correct link is http://members.xoom.com/analyzit/ATT.htm

analyzit
posted 02-15-2000 08:49 PM     Click Here to See the Profile for analyzit      Reply w/Quote
Spreadsheet Analysis on AT&T

If anyone's interested, I put together a valuation spreadsheet on AT&T using data from Value Line.

Some interesting observations include:
1. Revenue and cash flow growth are expected to pick up significantly this year.
2. While earnings margins remain flat, operating and cash flow margins are showing steady improvement overall.
3. Long term debt to equity at 29% is reasonable for a company with steady cash flow history.
4. Cash on hand is a bit thin.
5. The value of the stock has steadily grown in excess of retained earnings and capital spending per share, a key Buffett requirement.
6. Based on the Warren Buffett sustainable growth rate model, the recent price/share appears to be 51% less than intrinsic value, definitely in the BUY range.


You can check it out at http://members.xoom.com/analyzit/ATT.htm. Any comments in response?

InvestorGuide Daily
Administrator
posted 02-04-2000 06:30 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
AT&T and BellSouth will both cut their workforces by thousands, to streamline their operations.
http://news.cnet.com/news/0-1004-200-1542400.html

Earnings
Administrator
posted 01-26-2000 11:21 AM     Click Here to See the Profile for Earnings      Reply w/Quote
AT&T (T): $0.57 reported, $0.56 expected, $0.67 same quarter last year.

infooverload
posted 01-21-2000 11:58 AM     Click Here to See the Profile for infooverload      Reply w/Quote
AT&T, facing down a continuing slide in long-distance revenue that threatens chief Michael Armstrong's plans to recast the company as a broadband play, is slashing jobs at its consumer division. Four people close to the company say major layoffs are under way. A plan to cut as many as 7,000 jobs, or 30% of the consumer division's staff, could be announced as early as Tuesday when AT&T reports fourth-quarter earnings, these people say. AT&T officials confirm there are job cuts in progress, saying the company is cutting $2 billion from its overhead costs for the year.

Machiavelli
posted 01-13-2000 12:55 PM     Click Here to See the Profile for Machiavelli      Reply w/Quote
Yesterday, CEO C. Michael Armstrong reaffirmed the company's 1999 earnings estimates of between $2.15 and $2.20 a share, in line with the 25-analyst estimate of $2.19. The company said it expects to show 1999 pro forma revenue growth between 5% and 7%, and 2000 pro forma revenue growth between 8% and 9%, excluding the impact of Concert, its joint venture with British Telecom.

smario
posted 01-10-2000 03:39 PM     Click Here to See the Profile for smario      Reply w/Quote
From Jim Seymour, as the AOL/TimeWarner deal could affect AT&T: "The merger gives AOL a solid, inhouse brand of fast access to sell to its 20 million customers (i.e. the TWX-dominated RoadRunner service), thus making an AT&T-AOL deal to offer AOL as the preferred service on T's cable systems (am I putting this gently enough?) much less likely. AOL just doesn't need T's cable systems any more. But it would be nice to have that business, too, Steve Case must be thinking. My prediction: Despite the obvious competitive issues, look for talk of an AOL-T cable-modem-carriage deal to be resuscitated once this AOL-TWX deal has been digested. But that could be a year or more hence."

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