AT&T Message Board - Msg: 8678997

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Technology Stocks : AT&T

T 24.35

+1.2%

Dec 17 3:59 PM EST

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To: Raptech who wrote (2094)	4/2/1999 7:10:00 PM
From: Ian@SI	Read Replies (1) of 4298

It probably depends, in part, how long it takes the Street to realize that: Regulation of the cable business ended last month. T's acquisition of TCI was extremely timely now that Cable has control over setting its rates. The price of the $8B floated by T last week is a hell of a lot less than the price of the debt that TCI is carrying. Once T starts calling bonds bearing 12%+ interest rates, the Street should start to understand that the lowered cost structure will flow straight through to the bottom line. Patience, They're a little slow. It could take them longer than July to understand. ;-) Ian.

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