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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Didi who wrote (66532)	2/11/2000 2:46:00 PM
From: Ruffian	Respond to of 152472

Goldman, Merrill, Salomon to handle AT&T tracker NEW YORK, Feb 11 (Reuters) - AT&T Corp., the No. 1 U.S. long-distance telephone company, on Friday said Goldman Sachs, Merrill Lynch and Salomon Smith Barney will coordinate the massive initial public offering of its wireless tracking stock, which could raise up to $10 billion. As expected, Goldman Sachs Group Inc. (NYSE:GS - news), Merrill Lynch & Co. Inc. (NYSE:MER - news), and CitiGroup Inc.'s (NYSE:C - news) Salomon Smith Barney unit will serve as global coordinators and lead managers for the offering, which could be the largest IPO in the United States. The competition to win the business -- and the lucrative fees and prestige associated with it -- was intense and each firm lobbied heavily, said a source familiar with the situation. Several other firms were invited to participate as co-managers. At least 10 percent of the banks participating in the IPO would be minority-owned firms, AT&T, the largest wireless service provider in the United States, said. The offering, which is expected to consist of a U. S. tranche and an international tranche, will be held in the spring, following a vote by AT&T shareholders on March 14. The tracking stock will trade separately from the parent company's main stock and will reflect the performance of AT&T's mobile wireless and fixed wireless operations. The offering of up to 19 percent of the wireless group could generate $8 billion to $10 billion in proceeds, which will likely be used to expand the company's wireless network and to fund acquisitions. With about 12 million subscribers, AT&T Wireless had about $5.5 billion in revenue and $44 million in net income for the nine-month period ended Sept. 30, according to a filing with the Securities and Exchange Commission. Shares of AT&T traded at 48-1/2, down 5/8, on the New York Stock Exchange.

To: Didi who wrote (66532)	2/12/2000 11:08:00 AM
From: freeus	Read Replies (1) \| Respond to of 152472

To all Worriers: (A word of comfort) On the front page of IBD yesterday in the lower right hand corner, where O'Neill gives us a "mini course" in investing, is an article entitled:"Shop where the best mutual funds buy". It tell about the great moves MOST stocks make after big buys by the best mutual funds. Then in the second section of the paper is a list of new buys by the best mutual funds. Number one in money spent? (Drum roll) Qualcomm! (Two and Three are Nokia and Cisco). I'll post the "number ones" in number of funds that bought the top later, have to go to an all weekend investment seminar. Have a great weekend, all. Freeus