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Non-Tech : Amati investors
AMTX 1.915-1.8%Nov 14 9:30 AM EST
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To: pat mudge who wrote (30755)4/3/1998 12:47:00 PM
From: riposte  Read Replies (1) of 31386
 
AT&T "Angel Project"

Article in Business Week.


AT&T'S FALLEN ANGEL

JUST OVER A YEAR AGO, AT&T ANNOUNCED Project Angel, a new
phone technology designed to break the Baby Bells' death grip on local
phone service. Trumpeting Project Angel as ''revolutionary,'' AT&T said it
would offer consumers local calls and high-speed Internet connections, all
while bypassing local phone companies.

Now, AT&T's Angel dream has met up with reality. In a meeting with
BUSINESS WEEK, CEO C. Michael Armstrong revealed that the cost of
deploying the technology is $1,100 per home, on average. That is double
the price at which AT&T can turn a profit, he said.


FULL TEXT AT:
businessweek.com
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