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Technology Stocks : Arris International PLC (ARRS) -- Ignore unavailable to you. Want to Upgrade?

To: tech101 who wrote (4)	10/24/2001 1:52:43 PM
From: tech101	Read Replies (1) \| Respond to of 661

AT&T Appoints Schleyer Head of Broadband who is a director of board of Arris ... AT&T on Tuesday named cable industry veteran William Schleyer as head of AT&T Broadband, succeeding Dan Somers, who is retiring from the company. Somers previously served as AT&T's chief financial officer and became head of the cable unit in December 1999. The appointment of Schleyer, a principal with venture capital firm Pilot House Ventures LLC, ``neither delays nor supersedes'' the company's discussions with potential suitors, AT&T Chairman C. Michael Armstrong said in a telephone interview on Tuesday. ``We will proceed with the direction the board gave us ... to review the interest expressed by a number of companies. We're in the process to accomplish that, we hope, by year-end,'' Armstrong said. Schleyer previously served as president and chief operating officer at MediaOne Group and Continental Cablevision -- businesses that were eventually absorbed by AT&T through its $100 billion acquisitions of MediaOne Group Inc. and Tele-Communications Inc. Schleyer brings with him former colleagues from MediaOne and Continental Cablevision to serve as AT&T Broadband's chief operating officer and chief technology officer. The new AT&T Broadband management team is closely aligned with AT&T board member Amos Hostetter, who helped engineer AT&T's successful bid for MediaOne in 1999 over rival bidder Comcast. Hostetter's combat with Comcast continued this year, as he was a strident opponent of Comcast's offer in July for AT&T Broadband, sources said. Schleyer worked for Hostetter at Continental Cablevision and MediaOne. Pilot House Ventures, where Schleyer was a principal, was backed by Hostetter and based at his Boston offices, sources noted. The management change did not provide much insight into what direction AT&T might take with the broadband unit. The new executives might have been brought in to ensure that the business runs smoothly either during a lengthy takeover transition or as an independent company, analysts said. dailynews.yahoo.com