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Technology Stocks : AT&T -- Ignore unavailable to you. Want to Upgrade?

To: Bill McCullen who wrote (1688)	10/31/1998 12:42:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 4298

Until the TCI deal closes; or the consensus indicates that it won't close, the arbitrageurs will short T using the money to buy TCOMA. Once this downward pressure is removed from T, I would expect a 10 - 15% pop within a couple days. FWIW, Ian.

To: Bill McCullen who wrote (1688)	10/31/1998 2:39:00 PM
From: Greg Jung	Read Replies (3) \| Respond to of 4298

There are many investments to be made that could put a strain on T. The stock has actually been pretty strong, never faltering in October and only temporarily around Aug31. At 63, you are up 5% since Oct9. The TCI deal should be good for long run but immediate effects on the stock definitions - splitting into two stocks, removal from the DOW - could make for a buying opportunity in conjunction with a weak market. Overall they do seem to be playing the game now. Greg