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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?


To: porcupine --''''> who wrote (306)5/11/1998 9:59:00 PM
From: porcupine --''''>  Respond to of 1722
 
AT&T CORP and Internet media company EXCITE INC said they will
launch "Excite Online Powered by AT&T WorldNet Service," a new
online service that may rival a similar service run by YAHOO CORP
and MCI COMMUNICATIONS CORP. Excite Online, set to open in June,
will pair AT&T's WorldNet internet access service with Redwood
City, Calif.-based Excite's search and directory content. The
service will prominently feature Excite's personalized
"front-door" to the Internet.

Members of the service, which will be "competitively
priced," will also receive special online access to AT&T
personal communications services, the companies said.

"The powerful combination of AT&T's Internet access service
and penetration of the consumer marketplace, combined with
Excite's leading Internet service, provide the opportunity to
build the largest online service for accessing the Internet,"
said George Bell, president and chief executive of Excite, in a
statement.

In March, Yahoo! and MCI -- industry rivals respectively to
AT&T and Excite -- unveiled "Yahoo! Online powered by MCI
Internet." Similar online services are in the works by Internet
information programmer CNET Inc., paired with Sprint Corp.,
and by Microsoft Corp.

This is the second major Internet deal this week for both
AT&T and Excite. On May 5, Excite and Netscape Communications
Corp. agreed to collaborate on Internet content and
search services. And on May 4, AT&T and Lycos Inc. set
a plan to offer Web-based consumer communications services and
to sell AT&T offerings via Lycos' Web site.

(Reuters 09:08 AM ET 05/06/98)



To: porcupine --''''> who wrote (306)5/11/1998 10:10:00 PM
From: porcupine --''''>  Read Replies (1) | Respond to of 1722
 
AT&T wants Baby Bells to separate call completion and local marketing.

AT&T Corp Chairman C. Michael Armstrong on Tuesday joined other long distance carriers in
calling for a restructuring of the 'Baby Bell' companies' local
networks, and a cut in fees they pay to local phone companies.

AT&T wants the Baby Bells separated into wholesale
businesses that complete calls for other carriers, and into
retail businesses that sell services to end users.

AT&T's proposal follows similar plans outlined by other
long distance companies including LCI International Inc
and MCI Communications Corp .

Under the 1996 Telecommunications Act, the Baby Bells must
open their local telephone market to competition before
entering the long distance market.

The Federal Communications Commission has rejected all four
Baby Bell long distance applications saying the companies had
not yet done enough to open local markets.

The call by AT&T and its long distance counterparts to
split the Baby Bells' wholesale and retail businesses are
beyond the measures outlined by the Telecom Act. But AT&T, MCI
and LCI said the extra steps may be needed to ensure fairness
as Baby Bells try to enter the long distance market.

AT&T also said the fees long distance companies pay the
local phone companies to complete long distance calls are at
least eight to 10 times more than their actual costs.

The long distance companies pay a fee to the Baby Bells in
order to have a long distance calls transmitted over a local
telephone network into a customer's home. AT&T contends these
fees are too high and serve as a subsidy for the Baby Bells.

"Separating the Bell companies' local networks from their
other operations will ensure that the Bell companies can't
subsidize their competitive activities from the inflated fees
they charge long distance companies to have calls completed,"
Armstrong said.

Splitting the Baby Bells would further fragment the
companies created by the break-up of Ma Bell in 1984, when AT&T
was split from the regional Bells.

((NEW YORK, May 5 (Reuters) - Jessica Hall, New York newsroom 212-859-1729))