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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (1152)	4/20/1998 11:12:00 AM
From: MangoBoy	Read Replies (1) \| Respond to of 6846

[AT&T to spend $300 mln on Internet backbone] NEW YORK, April 20 (Reuters) - AT&T Corp. Chairman and Chief Executive C. Michael Armstrong said Monday the company will invest more than $300 million this year to improve its Internet backbone capacity. "We have made a decision to go after more of the Internet Protocol (IP) backbone. We will invest incrementally in our IP backbone capacity this year, over $300 million," Armstrong told analysts in a conference call following the company's first quarter earnings report. "We do think this is a growth opportunity and will enhance our position in this fast-growing segment of the industry," he said.