DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! Message Board

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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!

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Dec 5 4:00 PM EST

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To: JC Reddy who wrote (15481)	6/24/1998 6:44:00 AM
From: Ronaldo	Read Replies (1) of 50264

Good Morning, interesting news: NEW YORK, June 24 (Reuters) - AT&T Corp. was rumored to be close to an acquisition of cable television giant Tele-Communications Inc.(TCOMA - news), analysts and industry sources said Tuesday evening. A merger would allow the combined companies to offer one-stop shopping to consumers for virtually all electronic services -- long-distance and cellular phone calls, cable TV and high-speed Internet access.... According to the Wall Street Journal, AT&T would take control over TCI's cable assets that include wholly owned systems reaching 10 million homes, plus stakes in systems reaching 11 million more homes in the U.S... A purchase of TCI, which has been rumored on-and-off for months to be on the auction block, would give AT&T a direct link to consumers homes and a way to provide local telephone service using cable television wires instead of traditional phone lines.... AT&T has been hesitant to join with any cable company until they upgraded their cable networks to allow for both voice and data communications traffic.

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