Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: E. Davies who wrote (26431)	11/15/2000 5:36:32 PM
From: FR1	Respond to of 29970

Anybody notice the action by T today? I am trying to remember how the restrictions on T worked. I thought that if they sold off liberty they would be allowed to keep their stake in RR (through TWX). If so, it might mean T is trying to consolidate things in the future. T will have 30% of RR and 75% voting control of ATHM. Isn't it true that RR + ATHM = almost all the broadband internet traffic in the US? Maybe as soon as the AOL deal is done T & AOL will come up with a uniform price for other ISPs to be on the cable. If so, it will be expensive. Steve Case has already indicated that that is where he is headed. cnnfn.cnn.com AT&T to spin off Liberty No. 1 U.S. telecom intends to spin off media and satellite company next year November 15, 2000: 5:08 p.m. ET NEW YORK (CNNfn) - AT&T Corp. unveiled plans Wednesday to spin off Liberty Media Group, its fast-growing media and satellite operation, as part of a massive internal restructuring effort designed to separate the telecommunications titan into four distinct business units. The No. 1 U.S. long distance company said, subject to a favorable tax ruling, it would convert the Liberty Media tracking stock into an asset-based security and introduce the company as a publicly-traded equity during the second quarter of next year. AT&T said the spin-off would allow Liberty Media greater ability to raise capital and make acquisitions, while alleviating new concerns at AT&T about the U.S. Federal Communications Commission's recent interpretation of cable ownership and attribution rules. The company is also reserving the right to use the spin-off to meet regulatory conditions placed on AT&T's $44 billion acquisition of cable company MediaOne Group Inc. earlier this year. In exchange for granting regulatory approval of that deal, the FCC required AT&T to choose one of three divestiture options, including abandoning its stake in Liberty Media, divesting its 25.5 percent stake in Time Warner Entertainment or shedding at least 11.8 million existing cable customers. However, AT&T spokeswoman Eileen Connolly said the company has not definitively made its decision related to that requirement. "This arrangement in no way limits or restricts which options we'll pursue," she said, noting the company has until Dec. 15 to choose one of the three options. Liberty Media is currently a 100 percent-owned subsidiary of AT&T, resulting from the telecom's purchase of former cable company TCI in 1999. However, the operation has been accounted for as an equity investment by AT&T, giving the company and it's chairman, media mogul John Malone, enormous latitude to cut deals and grow the business. Liberty Media (LMG.A: Research, Estimates) shares rose 6 cents to $15.82 in trading Wednesday while AT&T (T: Research, Estimates) shed 12 cents to $20.56