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To: Sharck who started this subject	7/11/2001 10:13:53 AM
From: Softechie	Read Replies (1) of 37746

*AT&T to Consider Comcast Offer Seriously Jul 11 9:18am ET BOSTON (Reuters) - The chairman of telephone and cable television giant AT&T Corp. on Wednesday said the company would give serious consideration to Comcast Corp.'s $40.5 billion bid for AT&T Broadband, the largest U.S. cable-television operation. "While we have no current plans to sell our Broadband business, Comcast's offer is serious," AT&T Chairman Michael Armstrong told the Greater Boston Chamber of Commerce. "It recognizes at least some of the value that we created at AT&T Broadband. Of course, the question is whether it recognizes the right value," Armstrong said. He took no questions at the meeting of business leaders. Comcast, the No. 3 cable television company, on Sunday announced an unsolicited offer for AT&T Broadband, which has 13.2 million cable subscribers.

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