To: dharampal luthra who wrote (2417 ) 7/30/1998 10:06:00 AM From: Bill Fortune III Read Replies (3) | Respond to of 15313
Greetings all, In response to Harry's Post 2417, ,,"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">> Harry's Full Post can be found here: Message 5357959 I personally believe that FNTN is and will be providing services way beyond those of AT&T and British Telecommunications. We all have a pretty good idea of just what FNTN is currently involved in and what they plan for the future. This can be found in numerous posts as well as information provided to us by FNTN itself. In the joint news release of AT&T and BT it appears to me that their main thrust is based on telephone type services. Additionally they will be providing their clients with InTERnet not InTRAnet services like FNTN will be providing. Financial Intranet is licensed also as a telecommunications company and has or will have the capabilities of providing the same services as AT&T and BT if they so choose. Volumes could be written on this subject. I would rather not take the time or space here on SI to do that. I refer you too the business summaries below and their respective links so you can judge for yourself. My personal belief is that while they are similar in nature they are very dissimilar in what they will be providing to clients. And no we are not at the bottom of electronic-commerce (e-commerce). Just my opinions. Best regards, Bill Fortune III Business Summary: AT&T provides voice, data and video telecommunications services to large and small businesses, consumers and government entities. T also provides cellular telephone and other wireless services, as well as billing, directory and calling card services. For the three months ended 3/31/98, revenues rose 1% to $12.63 billion. Net income from continuing operations rose 21% to $1.32 billion. Results reflect growth in business and wireless services and $667 million in asset sale gains. See: att.com Business Summary: British Telecommunications is engaged in providing telecommunication services, including long-distance and international calls. BTY also manages private networks and supplies mobile communication services. For the fiscal year ended 3/98, revenues rose 5% to L15.64 billion. Net income according to US GAAP decreased 32% to L1.45 billion. Revenues reflect exchange line rental growth from increased business lines. Earnings were offset by a L252M charge for profit share losses. See: bt.com