Is this story true??
AT&T considers "selling out" superior US CDMA technology and falling under the influence of the Japanese Government's telecom comtany, NTT, by adopting their technology. Japanese offer sometning that the incompetent Armstrong really likes, $10 billion. This man is one of the worst things to ever happen to this company. First, he spends billions on a failed, technology illiterate, acquisition path. Them he sells AWE to poor AT&T retirees and employees. Now he hopes to save his ass and reverse AT&T's disaster by selling out to the Japanese and adopting their technology.
To: Benjamin Garrett who wrote (4139)
From: brian h
Monday, Oct 30, 2000 6:50 PM ET
Reply # of 4151
10/30 17:53
DoCoMo in Talks Over Stake in AT&T Wireless Unit, FT Reports
By Nick Nabarro
Tokyo, Oct. 30 (Bloomberg) -- NTT DoCoMo Inc., Japan's No. 1 cellular phone company, is in talks with
AT&T Corp. over taking a minority stake in the biggest U.S. phone and cable-television company's AT&T
Wireless Services, the Financial Times said in its Web site, citing an unidentified person close to the matter.
DoCoMo is thought to be considering taking a stake of as much as 20 percent in the AT&T cellular operation,
at a cost of as much as $10 billion, the FT said.
``It's rumor and speculation and I can't say anything about it,'' AT&T spokesman Ken Woo told Bloomberg
News, when asked about the FT's report.
DoCoMo is keen to make its cellular phone technology the U.S. standard. Chief Executive Keiji Tachikawa
has said VoiceStream Wireless Corp. is the best potential U.S. partner because it offers national reach with a
technology compatible with DoCoMo's.
(Financial Times 10/30) |
