SI
SI
discoversearch

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 : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: ANANT who wrote (40577)12/21/2000 10:05:02 PM
From: babette spatz  Read Replies (1) | Respond to of 41369
 
I don't "get it!!". America is a great county partially because of its ideas and freedoms. The ability to use our imagination to better our lives. The FTC is somehow determined to undermine big business. They don't seem to care the economy is shot. Where were they when giant helicopters were built unsafely that our military were getting killed in practice runs? Where were they when our secret service accompanied Hillary on her endless pre-campaign travels, using our money and resources for her personal gain? Maybe Bush will not shame our country with bad personal behavior and will have enough sense to let the business giants take care of their own houses!



To: ANANT who wrote (40577)12/22/2000 12:54:14 AM
From: ANANT  Read Replies (3) | Respond to of 41369
 
FCC Orders AT&T to Sell Its TWE Stake
As Telecom Insists It Is Meeting Obligation

interactive.wsj.com

Excerpts:

AT&T last week told the FCC it planned to use its previously announced spinoff of Liberty, pending a favorable tax ruling from the Internal Revenue Service, to meet its obligation to the FCC. If a favorable tax ruling wasn't forthcoming, then AT&T said it would sell its stake in TWE, and place its stake in an irrevocable trust in order to sell it.

The qualified nature of AT&T's response didn't go over so well with the FCC, which this week asked for immediate clarification. Thursday night, regulators gave AT&T one month to tell the agency if its order is unwarranted.

--------------
Meantime, AT&T's discussions with Time Warner on selling the TWE stake back to Time Warner appear to be making some progress. After months of fits and starts, the two companies "are making good progress," one person close to the situation said Thursday night.

Any deal likely wouldn't include an exchange of cash, which would trigger a hefty tax bill. Rather, AT&T and Time Warner are discussing a range of "creative" options, this person said. "There are lots of points of intersection" between the two companies, this person added.

------------------