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

To: Pullin-GS who wrote (3638)	8/22/2000 3:52:59 PM
From: Mark S.	Respond to of 4298

Pullin: I'm new to T, am more of a Contrarian Investor (not smart at times). However T really interest me. He who holds the customer accounts when the soft market ends is the winner. I would think that competition is forcing pricing down. Now that I've bought T, kinda sad I didn't take a position in VZ. My way of buying a Covered Call. LOL However I pulled up the 10-Q from May and the proceeds from the AWE ipo went to T. diluted value unless the money is being invested in the field upgrading etc. From the May 15 10-Q SUBSEQUENT EVENTS On April 27, 2000, AT&T completed an initial public offering of 360 million shares of AT&T Wireless Group tracking stock at an initial public offering price of $29.50 per share. This stock is designed to track the performance of AT&T's wireless services businesses. The net proceeds to AT&T after deducting underwriter's discount and related fees and expenses, were $10.3 billion. Holders of AT&T Wireless Group tracking stock are entitled to one-half of a vote per share. AT&T Form 10-Q - Part I The AT&T Wireless Group tracking stock issued in the initial public offering reflected only a portion of the economic performance of the AT&T Wireless Group. AT&T retained the remaining interest in the economic performance of the AT&T Wireless Group in the form of an inter-group interest. AT&T currently intends to distribute a portion of the AT&T Common Stock Group's interest in the AT&T Wireless Group in the second half of this year. Such disposition will include a distribution in the form of a dividend to holders of AT&T Common Stock Group shares for at least a portion of such interest, but may also include an exchange offer, a further sale of AT&T Wireless Group tracking stock or a combination thereof. The method, timing and sequence of the distribution options, which could occur in stages, will be based on the AT&T Board of Directors' assessment of the market conditions and other circumstances, as appropriate, with the goal of maximizing value for all AT&T shareowners. Following the distribution we expect that the outstanding shares of AT&T Wireless Group tracking stock will reflect 100% of the economic performance of the AT&T Wireless Group. The AT&T Wireless Group tracking stock is listed on the New York Stock Exchange under the symbol "AWE." AT&T Form 10-Q - Part II