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To: NickSE who wrote (11317)	12/10/1998 7:13:00 PM
From: Jerry Olson	Respond to of 34811

Thanks Orbit I too have @Home cable modem..thank GOD...because I have antz in my pants...<g>... appreciate your info..wish I bought the damn stock a couple of weeks ago...and in fact mentioned it to a close friend...

To: NickSE who wrote (11317)	12/10/1998 7:30:00 PM
From: Gottfried	Respond to of 34811

Orbit, it's more than a rumor now... Posted at 8:38 p.m. PST Wednesday, December 9, 1998 AT&T stock soars on report of deal with Time Warner Associate Press NEW YORK -- AT&T's stock soared 6 percent Wednesday after a report the nation's largest telephone company was nearing a deal to offer local service over Time Warner's cable network. A Time Warner Inc. pact would cap a unprecedented deal-making spree by AT&T Corp., including an agreement Tuesday to buy IBM's data-networking business for $5 billion. The combination of news has made investors optimistic AT&T is rapidly expanding into businesses that are more profitable and faster-growing than its flagship long-distance service. AT&T stock rose $4 to $71 on the New York Stock Exchange after the business channel CNBC reported AT&T and Time Warner had nearly agreed on the terms of a joint venture, of which AT&T would control 75 percent and Time Warner 25 percent. AT&T would pay three-quarters of the cost of upgrading Time Warner's cable systems to handle voice transmissions. AT&T, in turn, would get three-quarters of the revenues from selling the local phone service. Time Warner has acknowledged for months it's talking with AT&T, and Time Warner chief executive Gerald Levin said in October the company wants to squeeze more profits from its cable network by leasing space to a major phone carrier such as AT&T. A Time Warner spokesman declined to elaborate Wednesday on status of talks. An AT&T spokeswoman would not comment. This fall, AT&T agreed to buy cable giant Tele-Communications Inc., for $31.7 billion, but TCI's cable TV lines are able to reach only about one-third of U.S. homes. www8.mercurycenter.com G.