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 : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: gravity rules who wrote (13281)	4/15/2002 3:35:12 PM
From: Terry D	Read Replies (1) \| Respond to of 23153

This kinda sucks in here - we got a bump from Bear on AWE - and it has sank all day. There is still stock for sale - but from what levels? To quote Butch Cassidy - "Who are these guys?" BEAR STEARNS Intra-Day First Call Notes AT&T Wireless (AWE - $8.18) Buy Todd Rethemeier - Telecom Services/Wireless * Bloomberg reported this morning AWE and Cingular (a joint venture between SBC and BellSouth) are in merger talks. We have long expected this may be the first announced combination of national wireless operators. * A merger between these cos. would make a lot of sense. Cingular does not have a complete national footprint (missing Minneapolis, Phoenix, Denver, Pittsburgh, etc.) and is lacking the spectrum to migrate to 3G WCDMA. A merger with AWE would solve both of these issues, as well as provide significant operating and capital expenditure synergies. * Regulatory approval of a deal is somewhat of an unknown. * In addition to savings for the combined companies, we believe removing a national competitor from the mix could help the entire wireless industry.