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Technology Stocks : AT&T -- Ignore unavailable to you. Want to Upgrade?

To: Anonymous who wrote (3388)	5/2/2000 11:27:00 PM
From: R. Murphey	Read Replies (1) \| Respond to of 4298

Anon: re: Tracking stock....... According to today's PR, it's anyone's guess, but a "dividend" appears to be the first step. <snip> FOR RELEASE TUESDAY, MAY 2, 2000 AT&T Closes AT&T Wireless Offering $10.6 Billion Is Raised In Largest Initial Offering in U.S. History New York -- AT&T today announced the closing of the sale of 360 million shares of AT&T Wireless Group tracking stock, raising more than $10.6 billion. AT&T Wireless, which had an initial offering price of $29.50 under the ticker symbol of AWE, closed yesterday at $35.00. The shares sold represent 15.6 percent of AT&T's economic interest in the AT&T Wireless Group. AT&T plans to distribute its remaining economic interest in the AT&T Wireless Group in a timely manner. The disposition will include a stock dividend to holders of AT&T common stock for at least a portion of the interest, but may also include an exchange offer, a further sale of AT&T Wireless, or a combination of these alternatives. AT&T's Board of Directors will determine the method and timing of the disposition based on market conditions......... <snip> Regards, Bob