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To: Killian who wrote (4977)	2/1/1999 7:35:00 AM
From: Xenogenetic	Respond to of 29970

AT&T, TIME WARNER in cable deal! Anyone's take on this news flash?!!!! I would love to give you my take but you must furnish a link to the story or else its just a rumor.

To: Killian who wrote (4977)	2/1/1999 7:38:00 AM
From: Phil	Read Replies (1) \| Respond to of 29970

Hang on @HOME....... NEW YORK, Feb. 1 /PRNewswire/ -- AT&T (NYSE: T) and Time Warner (NYSE: TWX) today announced the formation of a significant strategic relationship that will include a joint venture to offer AT&T-branded cable telephony service to residential and small business customers over Time Warner's existing cable television systems in 33 states. The two companies expect to pilot the service in one or two cities by the end of 1999 and to begin broader commercial operations in the year 2000. The two companies also agreed to jointly market communications services and to develop other broadband communications services, such as video telephony. AT&T Chairman and Chief Executive Officer C. Michael Armstrong said, "Today's announcement with Time Warner will significantly advance AT&T's ability to offer end-to-end 'any distance' communications services to American consumers and businesses. "Together with our merger with Tele-Communications, Inc. (TCI) and agreements with five TCI affiliates, the Time Warner joint venture will enable AT&T to reach more than 40 percent of U.S. households over the next four to five years. In addition, we look forward to working with Time Warner in the delivery of next-generation broadband communications services." Time Warner Chairman and Chief Executive Officer Gerald M. Levin said: "Our strategic relationship with AT&T reflects the shared awareness that fiber-optic cable networks are the surest, quickest route to the digital future. Together, along with using this platform to bring real competition to local phone markets, we have exciting opportunities for cross-marketing and cross-promoting our companies' respective programming and communications services.