AT&T Message Board - Msg: 1344170

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Technology Stocks : AT&T

T 26.00

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12:59 PM EST

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To: bill c. who wrote (337)	5/6/1997 10:17:00 AM
From: Mike 2.0	of 4298

To thread, BBN will merge with GTE, not T. Where does that leave AT&T? At first I felt BBN would simply be another cash burner but does anyone have a different take on this. Here is Reuters story. NEW YORK, May 6 (Reuter) - GTE Corp is expected to announce plans on Tuesday to buy Internet service provider BBN Corp , the Wall Street Journal said in Tuesday's electronic edition, citing people close to the deal. The purchase price was not clear but the newspaper quoted one industry executive as saying GTE might have to pay between $500 million and $1 billion for BBN. BBN's market value was over $450 million, the Journal said. GTE was quoted as declining to comment and the Journal said BBN did not return calls. The Journal said a deal would be a blow to phone companies like AT&T who are trying to develop Internet business. Recent market speculation has centered around AT&T making a takeover bid for BBN.

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