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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62039)	3/14/2002 12:24:14 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

AT&T to Have as Much as $100 Mln Cost for Job Cuts (Update1) By Dana Cimilluca 03/13 18:47 quote.bloomberg.com New York, March 13 (Bloomberg) -- AT&T Corp. will have $50 million to $100 million in expenses this quarter for eliminating jobs at its cable-television business, the largest in the U.S. AT&T, which is selling the business to Comcast Corp., last month said it will cut 500 management jobs at the cable unit's headquarters in Englewood, Colorado. The related costs will be detailed in a presentation AT&T executives are scheduled to give investors in Denver tomorrow, according to a filing with the U.S. Securities & Exchange Commission and spokeswoman Sarah Eder. AT&T Broadband, as the cable unit is known, has said the job reductions are to improve customer service by moving decision- making to local offices. Comcast President Brian Roberts, who agreed in December to buy AT&T Broadband for $72 billion, has vowed to trim the operation's expenses. Shares of New York-based AT&T, also the biggest U.S. long- distance phone company, fell 43 cents to $15.71. They have dropped 13 percent in the past year.