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Technology Stocks : How high will Microsoft fly?
MSFT 491.12+1.7%3:59 PM EST

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To: johnd who wrote (44215)5/4/2000 3:26:00 AM
From: Jacob Snyder   of 74651
 
re: timing of AT&T recovery:

Never.

Sorry. Some investments just don't work out.

AT&T developed its corporate culture in an environment of heavy regulation, guaranteed markets, and guaranteed profits. It has been unable to change that culture. I see WCOM, and smaller newer telecom companies (not the baby bells) continuing to take market share, in both the old voice, and the new data/internet/cable/wireless/international markets.

AT&T has thrown tens of billions into various ventures, in an unsuccessful search for growth. The latest earnings report (and warning) is just a continuation of that pattern. There will be more of the same, in future quarters.

Microsoft's corporate culture is so different, mixing them would be like mixing oil and water. A merger wouldn't work, and I assume that's obvious to both managements.
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