Good to read your positive response Curt!.. I am hopeful that this all goes as planned. I am A TCI holder @ 21 and love the current price levels...Its just that I have been thru several utility company mergers that never worked out do to Government intervention...(and union). Wish there was more activity here on this thread. I am also hold Cisco,and Lucent. wish I owned @home,which should have a great future.
The city of Portland and surrounding
Multnomah County may be putting a major obstacle in front of AT&T Corp.'s
planned acquisition of Tele-Communications Inc. (TCOMA, TCOMB).
The two local governments are believed to be the first in the country to deny
a request to transfer a local TCI cable franchise to AT&T. For the
companies' planned merger to proceed, AT&T needs such approval from
thousands of municipalities around the country.
Portland officials met with TCI and AT&T representatives Monday after the
city had denied the transfer in letters sent Thursday, said Marshall Runkel,
assistant to Portland Commissioner Erik Sten, who oversees the city's cable
office. County officials held a teleconference with the companies Tuesday
morning.
At both meetings, AT&T and TCI officials said they would file legal action,
contending the city and county don't have the legal authority to deny the
franchise transfer. The companies are arguing that the issue be resolved at
the federal level.
Thanks
wogger
BTW looks like freezing rain here in Southern New England tonight |
