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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: Kenneth E. Phillipps who wrote (4035)6/4/1999 7:08:00 PM
From: Frank A. Coluccio  Read Replies (1) of 12823
 
Ken, a question, and an AT&T Reaction in the way of a release.

First, what do you think the impact of this ruling will be on the short term price of DSLs?

And, T's first public reaction:

AT&T Reaction to U.S. District Court Decision

WASHINGTON, June 4 /PRNewswire/ -- The following statement may be attributed to Mark Rosenblum, AT&T vice president - law, regarding today's District Court decision conditioning the transfer of the TCI franchise in Portland, Oregon.

''Today's decision is inexplicable. AT&T raised numerous substantial challenges to these ordinances, going to the jurisdictions' legal authority to adopt these rules as well as the soundness of the rules themselves. The most significant aspect of the decision is its failure to address any of these challenges in a meaningful way.

''We continue to believe strongly in the merits of our legal arguments. The actions taken by officials of Portland and Multnomah County are beyond the legal authority municipalities have to review cable franchise transfers. Clearly we will continue to pursue our legal case.

''In the meantime, the real losers are likely to be the citizens of Portland and Multnomah County. This decision can only have the potential to delay and reduce the new services that companies like AT&T will be able to offer them.''
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