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To: Jamuck who wrote (9127)	6/19/1998 8:41:00 AM
From: steve berman	Read Replies (1) \| Respond to of 42804

From this morning's Reuters: * Sweden's Ericsson (LMEb.ST)(ERICY - news) is looking at 10 networking companies in the U.S. as possible acquisitions, and already has begun talks with three of them.

To: Jamuck who wrote (9127)	6/19/1998 9:53:00 AM
From: WebDrone	Respond to of 42804

ATT and BT JV (joint venture) Also in Reuters today- ATT and BT- Friday June 19, 5:24 am Eastern Time AT&T and BT near Intl joint venture - BW <NEW YORK, June 19 (Reuters) - AT&T (T - news) and British Telecom (quote from Yahoo! UK & Ireland: BT.L) are in talks to create a joint venture involving their international assets, according to the June 29 edition of Business Week magazine. According to sources at both companies, the magazine said they have now reached an agreement in principle to form a ''joint venture that would include their international assets, with the goal of creating an operation to improve service for large multinationals.'' BT already has experience running an international telecom partnership through its share of Concert, a venture it ran with MCI Communications Corp.(MCIC - news). Any deal would have to wait until MCI (MCIC - news) and WorldCom Inc. (WCOM - news) consummate their merger agreement allowing MCI to sell its 25 percent stake in Concert back to BT. > The market cap on T is $102B, given I may have screwed up the exchange rate (1.6 pound/$ ?) I think BT is about $40B. Yikes. And they can't buy LU. R.