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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: DenverTechie who wrote (2476)12/9/1998 8:18:00 PM
From: Hiram Walker   of 12823
 
DenverTechie, my college has a MMDS link,that is up to 10 MBPS,they are using the college's radio tower for free,in return for internet access. I think LMDS will smoke both HFC or the future FTTC,VDSL.
The problem is will it be 100% coverage,probably not. Well a LMDS system with fiber optic tails would be ideal.
Big News from T.


Wednesday December 9, 6:54 pm Eastern Time
AT&T, Time Warner May Be Near Deal
NEW YORK (AP) -- AT&T (NYSE:T - news)'s stock soared 6 percent Wednesday after a report the nation's largest telephone company was nearing a deal to offer local service over Time Warner's cable network.

A Time Warner Inc. pact would cap a unprecedented deal-making spree by AT&T Corp., including an agreement Tuesday to buy IBM's data-networking business for $5 billion. The combination of news has made investors optimistic AT&T is rapidly expanding into businesses that are more profitable and faster-growing than its flagship long-distance service.

AT&T stock rose $4 to $71 on the New York Stock Exchange after the business channel CNBC reported AT&T and Time Warner had nearly agreed on the terms of a joint venture, of which AT&T would control 75 percent and Time Warner 25 percent.

AT&T would pay three-quarters of the cost of upgrading Time Warner's cable systems to handle voice transmissions. AT&T, in turn, would get three-quarters of the revenues from selling the local phone service.

Time Warner has acknowledged for months it's talking with AT&T, and Time Warner chief executive Gerald Levin said in October the company wants to squeeze more profits from its cable network by leasing space to a major phone carrier such as AT&T.

A Time Warner spokesman declined to elaborate Wednesday on status of talks. An AT&T spokeswoman would not comment.

This fall, AT&T agreed to buy cable giant Tele-Communications Inc. (Nasdaq:LBTYA - news; Nasdaq:TCOMA - news), for $31.7 billion, but TCI's cable TV lines are able to reach only about one-third of U.S. homes.

Armstrong has a plan,and his last mile is HFC. I think Mr.Armstrong is one heckuva CEO,and T looks like a giant again for the next millenium.
Hiram
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