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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: Patrick O'Connor who wrote (3166)	12/18/1997 3:18:00 PM
From: SteveG	Respond to of 12468

<A> AT&T Fincl Chief Says Cash From Citibank Deal For Expansion NEW YORK (Dow Jones)--AT&T Corp. (T) Chief Financial Officer Dan Somers said the $3.5 billion it will receive from Citibank for its Universal Card will be used to expand the company's wireless and long-distance businesses. "By the time we finish the total divestiture of our noncore telecom assets, we will have generated pretty close to $4.5 to $5 billion of proceeds that will be used for general corporate purposes," Somers said Thursday in an interview on CNBC. "That means to grow our businesses - our core telecommunications, our wireless businesses, our long distance, our global, and also our efforts here locally," he said.