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Non-Tech : Amati investors

AMTX 1.470

-5.8%

Dec 12 9:30 AM EST

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To: Chemsync who wrote (23518)	8/25/1997 11:28:00 PM
From: pat mudge	of 31386

[Miscellaneous URLs] Steve -- Here's a few you might find of interest: news.com latimes.com <<BT drops escape clause in MCI deal TUESDAY AUGUST 26 1997 By Clay Harris in London British Telecommunications has agreed not to withdraw or revise its new $23bn merger deal with MCI Communications even if a further surprise emerges in the US company's fortunes. An amended merger agreement which has been filed with the US Securities and Exchange Commission leaves out a "material adverse change" clause that was in the original deal. The UK company has also agreed to pay MCI $750m in damages if BT's shareholders fail to approve the revised terms. Last week, BT forced MCI to accept a price cut of more than 15 per cent on terms agreed nine months ago. This followed a warning by the US long-distance operator in July of large losses it expected to incur in its expansion into the local telephone market. Executives of both companies on Friday that the revision was necessary because of rapidly changing conditions in the US telecoms market. . . .>>> For full article: ft.com --- Search for "telecom." And a couple from Stentor: stentor.ca This you need to check under "high speed" --- there are at least four or five: stentor.ca Till later - Pat

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