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Strategies & Market Trends : TradersChoice 2000

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To: Jeff Jordan who wrote (268)	9/29/1999 10:33:00 PM
From: Jeff Jordan	Read Replies (1) of 604

INTERVIEW--AT&T denies Internet speculation By Matthew Lewis HARTFORD, Conn., Sept 29 (Reuters) - Amid a swirl of rumors that long distance and cable giant AT&T Corp. (NYSE:T - news) was planning a major Internet deal, a top official denied much of the speculation in an interview Wednesday. Leo Hindery, head of AT&T's cable and Internet unit, said the company was not in discussions to sell its stake in high-speed Internet service provider ExciteAtHome Corp. (NasdaqNM:ATHM - news) or to strike a deal with America Online (NYSE:AOL - news). ExciteAtHome Corp. shares surged in heavy trade earlier Wednesday on revived speculation that its largest shareholder, AT&T Corp., was in talks to sell its stake to America Online. ''Absolutely not,'' Hindery told Reuters in an interview. ''There've been no discussions underway whatsoever. I typically don't comment on things of that sort, but when it's absurd, I do.''

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