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| Author | Topic: AT&T (T) |
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smario |
posted 04-27-1999 11:45 AM
 
In response to Trendy, Comcast seems to be trying to make a counteroffer...with the help of Microsoft and AOL. Late yesterday, it was reported that talks had opened between the three companies to try to find a way to outbid AT&T. Both Microsoft and AOL have been looking for ways to get into the broadband market, and helping out Comcast might just be the way. |
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vivid |
posted 04-27-1999 10:29 AM
Hmmm, it seems some people agree with me that AT&T might once again be getting too big...check out the article in the Washington Post business section today. |
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vivid |
posted 04-26-1999 12:43 PM
AT&T was deregulated and broken up years ago to promote competition. Isn't it ironic that AT&T's recent and ongoing attempts to build up, such as this MediaOne deal, are unable to be offset by the Bell companies that use to make up AT&T, since they are barred from providing long distance services themselves. It's going to be hard to compete with AT&T (or MCI Worldcom for that matter) until complete and enforced deregulation of the entire communications industry occurs. Until then, AT&T's stock seems as safe as it can get. |
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trendy |
posted 04-26-1999 10:59 AM
I don't think Comcast will make a counteroffer, since AT&T's bid is very aggressive... the total amount is obviously higher, but a significant fraction of the bid is cash rather than stock, which will be hard to top. |
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InvestorGuide Weekly Administrator |
posted 04-26-1999 12:24 AM
In a surprise move, AT&T made an unsolicited bid to buy MediaOne Group for about $54 billion in cash and stock, a rich premium over the all-stock bid of $48 billion offered by Comcast just a few weeks ago. http://www.msnbc.com/news/261889.asp |
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mr big |
posted 04-25-1999 08:14 PM
If AT&T buys MediaOne, AtHome would probably merge with RoadRunner, a combination that would be unstoppable. |
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diligence |
posted 04-18-1999 12:09 AM
Art, that's a great article. Thanks for pointing us to it... |
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Art Vandelay |
posted 04-12-1999 09:22 AM
Mike Armstrong's AT&T: Will the Pieces Come Together? http://cgi.pathfinder.com/fortune/fortune500/att.html |
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newsman |
posted 03-24-1999 12:24 PM
This is the first time that AT&T has split in 35 years. That's pretty pathetic. |
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Scott McCormick |
posted 03-20-1999 07:21 PM
AT&T just announced a 3-for-2 stock split. The split will be payable on April 15 to shareholders of record March 31. |
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techwatcher |
posted 03-02-1999 01:31 AM
There have been AT&T/AOL rumors for years. I don't think this is anything new. Actually it's less likely now that AOL's market cap has skyrocketed. |
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Alex Randall |
posted 03-01-1999 12:34 AM
I guess AT&T figures that if TCI is worth $57 billion, then AOL MUST be worth $83 billion, so let's buy it too. |
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eagle |
posted 02-26-1999 04:05 PM
If AOL and AT&T were to merge, it could potentially create one of the least efficient companies out there. I don't see it happening but the thought itself is very scary. |
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Art Vandelay |
posted 02-25-1999 10:26 PM
One of AT&T's presidents just quit to lead a next-generation telecom company: http://www.zdnet.com/intweek/stories/news/0,4164,2216242,00.html |
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Jerry Mander |
posted 02-21-1999 02:44 PM
Found this on the InfoWorld site: The U.S. Federal Communications Commission (FCC) on Wednesday approved the merger of AT&T with cable company Tele-Communications Inc. (TCI) under the condition that TCI rid itself of its stock in Sprint's Personal Communications Systems division. After reviewing the four markets that would be affected by the merger -- multichannel video programming distribution; local exchange and exchange access; Internet access; and mobile telephony -- the agency concluded that the deal would likely result in benefits to consumers. In particular, the FCC said, it would provide a local telephony alternative for many residential customers now served only by incumbent local exchange companies. "I am optimistic because the combined resources of AT&T and TCI surely will generate a very substantial effort to expand the choices now available to residential phone subscribers in TCI territories," said William Kennard, the FCC's chairman, in a statement. "These companies will launch an enormous undertaking to add telephone capabilities to cable services, thus fulfilling one of the goals of the 1996 Telecommunications Act to stimulate rivalries between formerly non-competing technologies and industries." Earlier Wednesday shareholders of TCI approved the plan, and AT&T announced Wednesday that its shareholders had given approval as well. AT&T said in a statement that it plans to complete the transaction before the end of March. |
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