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Technology Stocks : GTE

GTE 4.315

+5.8%

Nov 7 9:30 AM EST

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To: Mohan Marette who wrote (367)	10/19/1997 10:56:00 AM
From: 4-UR-Eyes-Only	of 671

AT&T to name Armstrong to at least one top post -report NEW YORK, Oct 18 (Reuters) - The AT&T Corp T.N plans to name C. Michael Armstrong, the head of Hughes Electronics Corp, for at least one of its two top jobs -- chairman and chief executive officer -- The New York Times reported on Sunday. The Times quoted "executives close to the situation" as saying the announcement would come on Monday. The news was first reported by CNBC on Friday after the market close. At Hughes, Michael T. Smith, the current vice chairman, would replace Armstrong as chairman and chief executive, the Times said. Smith is the brother of John F. Smith, Jr., the chairman of and chief executive of General Motors, Hughes' parent. REUTERS Rtr 00:33 10-19-97 Copyright 1997, Reuters News Service dljdirect.com

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