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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. De Paul who wrote (2761)	6/15/1999 12:32:00 PM
From: Darren DeNunzio	Read Replies (1) \| Respond to of 3178

*OT AT&T: Cable To Allow More Offerings "An interesting position from AP's point of view IMO, I like Armstrongs statement regarding working together..."* By CLIFF EDWARDS AP Business Writer CHICAGO (AP) -- Cable companies are leading the way in offering consumers one place to get Internet, phone and television offerings and should not face regulation that would slow that down, AT&T Corp.'s (NYSE:T - news) chief executive says. C. Michael Armstrong, who on Monday opened the National Cable Television Association's annual meeting here, said he is betting his company's success on its ability to provide a host of communications services, including super-fast Internet access, phone lines and interactive television. ''We're moving toward a single information opportunity,'' Armstrong said. ''Technology, applications and devices are converging. Customers are simply going to get more and pay less.'' AT&T has made more than $100 billion in cable purchases over the past year, including its acquisitions of TCI and MediaOne. That vaulted it into the position of the nation's leading cable company, followed by Time Warner, Comcast (Nasdaq:CMCSK - news) and now Charter Communications. As the convention highlighted the accelerating switch to digital services that will speed development of new forms of communication, Armstrong argued that federal regulators should not interfere with companies that provide such broadband, or Internet, access. Competitors, including local telephone companies have argued cable companies should face some of the same regulations that have slowed their quest to provide consumers with a one-stop shopping communications experience. Armstrong suggested companies, including local telephone providers and cable providers, should work together on creating new services or switching customers. But Leo Hindery, president of AT&T Consumer Services, said the company has no additional plans to acquire another cable service. AT&T still would consider swapping customers to centralize services in a given region, he said.