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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: blair holder who wrote (2416)	7/30/1998 2:37:00 AM
From: dharampal luthra	Read Replies (2) \| Respond to of 15313

Are we at the bottom of the e-commerce and services: AT&T and BT to Form $10 Billion Global Venture To Serve Customers Around the World NEW YORK, July 28 /PRNewswire/ -- AT&T (NYSE: T) and BT (NYSE: BTY) today announced they will create a $10 billion global venture to serve the complete communications needs of multinational companies and the international calling needs of individuals and businesses around the world. The venture will offer communications services of an unprecedented scale, scope and level of quality. The venture will combine the trans-border assets and operations of each company, including their existing international networks, all of their international traffic, all of their international products for business customers -- including an expanding set of Concert services -- and AT&T and BT's multinational accounts in selected industry sectors. Further, the two companies will develop an intelligent, managed Internet Protocol (IP)-based global network to be implemented by the venture, its parents and their partners. This network -- unparalleled in capabilities and reach -- will support services such as global electronic commerce, global call centers and new Internet-based solutions to support global organizations and executives on the move. Owned equally by AT&T and BT, the venture in its first full year of operation is expected to have revenues of more than $10 billion, growing thereafter in excess of 15 percent a year. The venture is expected to contribute positively to the earnings of both parents from day one. Operating profits are expected to be around $1 billion in the venture's first full year, growing at 15 percent to 20 percent a year. Capital expenditures are expected to be around $1 billion.