To: porcupine --''''> who wrote (916 ) 10/20/1998 11:39:00 PM From: porcupine --''''> Respond to of 1722
AT&T chief touts Internet telephony--CBS Market Watch NEW YORK (CBS.MW) -- AT&T Chairman C. Michael Armstrong declared Thursday that Ma Bell's recent investments position the company to be a global leader in technology that "is erasing the boundaries between televisions, telephones and personal computers." Armstrong cited AT&T's (T) incursion into Internet-protocol technology, which enables the transmission of various kinds of data over the Net, its pending multi-billion purchase of Tele-Communications Inc. (TCOMA) and its venture that's in the works with British Telecom. "Internet protocol technology gives the telecommunications industry freedom that didn't exist a few years ago," Armstrong said, outlining the company's vision for growth via Internet telephony in a keynote address at the fall Internet World trade show in New York. AT&T plans to exploit that convergence and remove the obstacles to high-speed access, he said. Armstrong said AT&T is the first company to act as a "global clearing house" for telephony services. It will offer its services in 140 countries, he said. Before concluding his remarks, Armstrong saved time for finger-pointing, calling rival local telephone companies a threat to the burgeoning growth of telephony. Local monopolies, he said, levy more than $10 billion a year in local access charges Separately, AT&T said it signed agreements with two Internet companies and cut prices for its interactive communications services it will market through those ventures. The company cut its AT&T Click2Dial Conferencing, which lets users set up and manage a conference call on the Web, by 33 percent. The service now costs 10 cents a minute per person. AT&T also reduced the cost and waived a 50-cent setup fee for its Chat 'N Talk service, which allows chat room participants to make a phone call to other chatters while retaining anonymity. It now costs 15 cents a minute, a 10-cent cut. AT&T cut by 5 cents the price of its Click2Dial Directories service, which allows web users to locate someone in AT&T's AnyWho directory and then auto-dial a call to that person. The service is now 10 cents a minute. AT&T said it signed agreements with ChatSpace, Inc. and Yack!, Inc., to make the services available at those chat sites. AT&T said the new relationships expand its distribution channel through its relationships with portal sites Excite (XCIT), Infoseek (SEEK), and Lycos (LCOS). Shares of AT&T, a component of the Dow Jones Industrial Average, closed up 1/8 at 58 1/2, reversing earlier declines, as other big-name tech-oriented shares tumbled in afternoon trading. See Silicon Stocks.