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

To: 44magnumpower who wrote (3934)	11/27/2000 11:18:49 PM
From: Jody Ritchie	Read Replies (2) \| Respond to of 4298

Okay, I think I may understand this a little better now. Please correct me if I'm wrong as I'm new to T (don't own yet, new to researching). 15% of the AWE shares were IPO'd. The other 85% are still owned by T and will be distributed to T shareholders according to a yet-to-be-determined formula at a yet-to-be-determined date. Is this correct? My company recently went through the very same scenario. On 11/1/99, Agilent Technologies became a public company under the symbol A. At that time, 15% of the shares of A were traded on the street and 85% of the shares were owned by Hewlett-Packard (HWP). On 6/2/00, the A shares held by HWP were distributed to HWP shareholders in the form of a special dividend at the rate of .38 A shares for every HWP share you owned. On 6/2/00, HWP no longer had any stake in A. HWPs price was adjusted for this dividend before market open. The end result was that you held stocks in two companies, but your value was identical before trading started. Of course, once trading started, your valuations changed. Is this the same thing T will do with it's four companies, one of which (AWE) has already been made public? Jody

To: 44magnumpower who wrote (3934)	1/12/2001 3:23:55 PM
From: engineer	Read Replies (3) \| Respond to of 4298

And why would it change now? Because the analysts work for major IPO investment banking firms and they are all whoring themselves for T to raise them up in order to win the IPO business. What else do you think CSFB, MSDW, and JP Morgan have in mind? AT&T is so bad, they had to convince their partner in this deception (NTT) to go out and borrow $10B in the Japanese credit market in order to float the hugh losses for another few quarters. Just how much longer will T share holder watch as their dividends are cut, the company reports yet another re-structuring, yet another IPO to suck off funds to support the old style monopoly ego that still exists? The AWE investors have not gotten their money back yet in the investment they got sold a bill of goods for.... Good luck, sheep and lemmings.... the King has no clothes.