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Technology Stocks : ANTEC Corp. (ANTC) -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (462)	11/15/1999 3:41:00 PM
From: PaperChase	Read Replies (2) \| Respond to of 847

AT&T is freezing equipment installations ahead of Y2K. This can't be good news over the short term but with this market one never knows how it will be spun. AT&T to Institute Quiet Period Ahead of Y2K WASHINGTON (Reuters) - AT&T Corp (NYSE:T - news)., the No. 1 U.S. long-distance company, said on Monday it will not introduce any new software or hardware or support systems during the last days of 1999 and into the new year. ``To maintain a state of readiness and further protect against potential Y2K-related service disruptions, AT&T is instituting a special 'quiet period' from Dec. 1, 1999 through Jan. 15, 2000,' the company said in its quarterly earnings report filed with the Securities and Exchange Commission. The huge telecommunications group also said it will limit provisioning and scheduled maintenance during that period. The so-called ``Y2K bug' could prevent some computers from distinguishing the year 2000 from 1900 because of old shortcuts that recorded the year with only two digits. Unless fixed, this could disrupt everything from airlines to hospitals to communications systems. AT&T, based in New York City, said it has spent about $675 million since 1997 preparing its systems for the century date change and will likely expend another $64 million during the rest of 1999. Plans are also being drawn up to place personnel at key locations to monitor operations and increase in work and call volumes and engineer more network capacity as the new year draws near, AT&T said. The company will also stage supplemental power, fuel, water, heating, air conditioning and ventilation sources to support critical business operations and personnel requirements. As of the end of September, ``AT&T's network services and AT&T-developed applications and their external interfaces are year 2000 compliant,' the company said.