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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (17440)	12/19/2001 9:50:54 PM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

Susan, seems to me T will trade up tomorrow. 19:54 ET AT&T Broadband/Comcast : -- Update -- T shareowners will own a 56% economic stake and about a 66% voting interest in the new company... T shareowners would receive value equivalent to $13.07 per T share based on CMCSK's (38.07) closing share price on December 19, while retaining complete ownership of T's traditional communications businesses. 19:50 ET AT&T (T) 16.80: -- Update -- Combination of AT&T Broadband and Comcast (CMCSK) will create new company, to be called AT&T Comcast Corporation... T shareholders will receive approximately 0.34 shares of AT&T Comcast for each share of T owned; CMCSK shareholders will receive one share of AT&T Comcast for each CMCSK share owned. 19:45 ET AT&T (T) 16.80 +0.15: -- Update -- Confirms agreement to combine AT&T Broadband with Comcast (CMCSK 38.07) in a transaction that values AT&T Broadband at an aggregate value of $72 billion. 19:03 ET AT&T (T) 16.80: -- Update -- Wall St Journal and CNBC reporting that T has decided to sell its broadband unit to Comcast (CMCSK 38.07), which beat out bids from Cox (COX 38.39) and AOL (AOL 33.03). No details yet on the T/CMCSK deal. Regards, Tom