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Technology Stocks : AT&T
T 25.14-1.8%11:49 AM EST

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To: EB who wrote (414)6/30/1997 11:55:00 PM
From: Louis Cristiano   of 4298
 
Unfortunately, money invested in T is 'dead' money until the 'dead heads' are gone.

It's amazing that almost each week another new telecommunications company is going public. And they generally trade at a substantial premium above their IPO price. Most of them have little or no earnings and no dividends.

I think the solution to T's problem or more specifically to CEO Robert Allen's problem would be to invest in these new startups. To hell with investing in T's future. It's abundantly clear that CEO Robert Allen is devoid of any constructive solution for T. So why waste any money in T's future. T has no future with its current lack of leadership.

Any thoughts on this approach?
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