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Technology Stocks : AUTOHOME, Inc

ATHM 23.72

+1.1%

Nov 28 12:59 PM EST

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To: ahhaha who wrote (3685)	12/31/1998 11:45:00 AM
From: FR1	Read Replies (1) of 29970

Maybe somebody already posted this, but I just found it: zdnet.com NEW YORK -- AT&T Corp. on Wednesday won approval from the U.S. Department of Justice for its proposed $48 billion acquisition of cable television giant Tele-Communications Inc. after agreeing to divest TCI's interest in Sprint PCS, a wireless telephone business. ...... Sprint said it was pleased with the divestiture agreement. The DOJ did not impose other conditions sought by rivals of AT&T and TCI. Companies such as MCI WorldCom Inc. (Nasdaq:WCOM) and SBC Communications Inc. (NYSE:SBC) want the companies to share access to its cable infrastructure the same way local telephone companies are required to share access to their networks. Rivals also want regulators to impose conditions on the companies' planned Internet service, but AT&T said the deal may collapse if those concessions were required. Happy New Year Franz

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