How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

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To: Ex-INTCfan who wrote (21985)	5/3/1999 10:25:00 PM
From: Maverick	of 74651

MediaOne Group Accepts AT&T's Offer - 5:14 PM EST - TK Next move Comcast. MediaOne Group accepted AT&T's offer today, but is giving Comcast/AOL/Microsoft till this Thursday to respond. If AT&T succeeds, the company will increase its cable coverage to over 60% of the U.S. households. Comcast, even if it loses, is guaranteed to take home $1.5 billion in break-up fees from MediaOne. Things are starting to get interesting. AT&T's CEO has been quoted that he'll will do whatever it takes to win this battle. On a side-note, I feel sorry for Comcast's investment bankers. Having some friends in the industry, let me just say they are not going to know what "sleep" is. MediaOne Group Inc. said Monday it has accepted a $58 billion buyout proposal from AT&T Corp., rejecting an earlier bid from fellow cable firm Comcast Corp. Next to move, or see its bid for the nation's No. 4 cable provider rejected, is Comcast, which has been trying to line up a new offer with its well-heeled backers: America Online Inc. (AOL) and Microsoft Corp. (MSFT). The Comcast camp has until Thursday to respond. AT&T would have until May 22 to up its offer again, if need be. In a statement, MediaOne said it believed the AT&T $85-a-share cash-and-stock offer is "superior" to Comcast's $48 billion bid. - CnnF

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