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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (13009)	2/23/1998 3:40:00 PM
From: Moonray	Respond to of 22053

At Home Shares Rise to Record on Partnership Talks With AT&T Redwood City, California, Feb. 23 (Bloomberg) -- At Home Corp. shares rose as much as 14 percent to a record after the company said it's talking to AT&T Corp. about a possible partnership. At Home, which offers Internet connections over cable- television lines, rose 4 to 33 1/8 in late trading of 2.09 million, almost four times the three-month daily average. Earlier, the shares touched 33 1/4, their highest since At Home's initial public offering in July. At Home Chief Executive Tom Jermoluk said Friday in an interview that the company has held discussions with AT&T. Jermoluk declined to disclose details. At Home could benefit from such a partnership because it could offer phone service to its customers in addition to Internet access. AT&T would gain a way to offer local telephone service through cable lines, allowing it to bypass the Baby Bells and break into the $100 billion-a-year market. ''We know there are a lot of talks going on,'' said Ben Bendre, an analyst with TD Securities Inc., who rates At Home ''buy.'' ''It clearly makes sense for AT&T to do a deal with At Home.'' At Home also has talked with Time Warner Inc.'s Road Runner unit about combining their Internet services. o~~~ O