AT&T Message Board - Msg: 1275680

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Technology Stocks : AT&T

T 26.21

+4.3%

Jan 30 9:30 AM EST

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To: Marc Schiler who wrote (320)	4/26/1997 2:24:00 PM
From: Jack L. Dlugach	of 4298

This sounds like more bad news for the long distance companies in the near term: FCC Chairman Reed E. Hundt wants only a modest reduction in the steep access charges that long-distance companies pay local comanies for the use of their networks. The long-distance companies want steep cuts but the high charges help subsidize service in high-cost rural areas. (IMO, the mergers between the Bells and some of the other telcos is more bad news for T and the short term outlook is pretty iffy-- I don't think anyone should consider the dividends safe since if T's own forecasts of lower revenues of correct, cutting the dividends is one alternative--if they do that, though, the stock will get hit even more.)

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