AT&T Message Board - Msg: 4990865

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Technology Stocks : AT&T

T 25.95

+1.7%

Nov 21 3:59 PM EST

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To: P.T.Burnem who wrote (1399)	6/24/1998 8:30:00 AM
From: P.T.Burnem	Read Replies (1) of 4298

Correction: it's 21,000,000 customers, at least that is the number mentioned during an interview with Armstrong and Malone that was just aired by CNBC. I was very impressed with Armstrong's grasp of technical challenges facing the industry. Basically, what he said was this: marketing alliances are helpful, but to drive the architecture of our network hence we must own the wires and plant equipment. He stressed the advantages of being able to package various telecom services - from cable TV to wireless phone - and sell it to the consumer. He also implied that AT&T was interested in further expansion of its residential customers base (more cable co acquisitions ahead?) Malone said that that TCI's plant upgrade "is not a major economic undertaking" and will be complete in the year 2000. Given that T is paying 16 times EBITDA for TCOMA, its stock will probably trade down today. Longer term, T looks like a winner. PTB Disclaimer: I don't own any AT&T but will be looking for a suitable entry point. I do have some TCI that I may unload today.

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