AT&T Message Board - Msg: 5104582

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Technology Stocks : AT&T

T 25.95

+1.7%

Nov 21 9:30 AM EST

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To: Frank A. Coluccio who wrote (1561)	7/6/1998 8:30:00 AM
From: limtex	Read Replies (1) of 4298

Frank and all - This is bordering insanity. Surely AT&T doesn't just go out and blow 100 years of effort on an ill thought out deal. Isn't that why investors invest in companies like AT&T rather than small cap stocks because they have much more robust managements and Boards. Did the Board know about this acquisition? Seems like a bit of a ridiculous question but in the circumstances it has to be asked. These guys on the AT&T Board aren't jokers, they are one of the resasons why individuals and funds choose At&T to invrest in. It simply isn't an issue to question whether AT&T did proper due diligence before commiting one of he most famous and important companies on the planet to a deal that is going to send its share price to the botttom of the ocean in a mattter of a few days. We are entitled to beleive and expect that the managment of AT&T never mind its Board wouldn't dream of doing something as irresponsible as that and then find that AT&T is subject to a class action causing the Directors a great deal of stress and problems in their careers for years to come. No it just couldn't have happened without due care and attention and it must have been thought and reasoned to be not just a good deal but a great deal and well worth commiting AT&T to it. If this isn't right what possible comfort do any shareholders have in their Boards from now on? L

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