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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (880)	10/20/1998 11:59:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

AT&T wins Microsoft ATM network award BASKING RIDGE, N.J., Oct 14 (Reuters) - AT&T Corp., the No. 1 U.S. long distance company, said Wednesday it had won an 18-month contract from Microsoft Corp. to provide a global data network that will link nearly 70 locations in the U.S. and Japan to the software company's headquarters in Redmond, Wash. The contract positions AT&T as Microsoft's primary provider of ATM, or asynchronous transfer mode, in the U.S. Microsoft will carry most of its applications over the ATM network, including customer service, product development, and business and intra-corporate e-mail. AT&T has been Microsoft's primary data network provider for corporate requirements in the U.S. since 1994, through its domestic private line services. The ATM network implementation is under way and is expected to be completed by the end of November. In a statement, AT&T did not provide the value of the contract, and company spokesmen were not available for comment. At mid-morning Wednesday AT&T shares were up 1/8 at 59 on the New York Stock Exchange. ((--New York Newsdesk 212-859-1700))

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