How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.65

-0.8%

Dec 31 3:59 PM EST

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To: t2 who wrote (21531)	4/24/1999 7:21:00 PM
From: Bill Fischofer	Read Replies (2) of 74651

Actually AT&T's cable moves are brilliant and timely They were one of the dominant utilities of the 20th century and they are positioning themselves to be a dominant utility of the 21st. T used to provide dialtone. They will ultimately transform into a major provider of IP-tone, as will the "baby bells" and remaining independent cable companies. And they will be joined by a generous helping of wireless IP-tone providers as well. Remember, utilities provide essential services that everyone needs. This is a very good business as long as you recognize it for what it is and are structured around the realities of the business model. The major reality of the utility business is that it is a debt-service cash-flow machine with huge plant and customer service requirements. Neither AOL nor other ISPs are properly structured for this reality. T and its cousins are.

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