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

To: trouthead who wrote (1928)	2/9/1999 9:20:00 PM
From: porcupine --''''>	Respond to of 4298

Moody's Investors Service has downgraded its long term ratings on the debt and preferred stock of AT&T CORP (senior unsecured to A1 from Aa3), has assigned a (P)A1 rating to AT&T's recently filed shelf registration and has upgraded the debt and preferred stock of Tele-Communications Inc. (TCI) and its subsidiaries (senior unsecured to A2 from Baa3). The rating actions conclude a review initiated on June 26, 1998 following the announcement of a proposed acquisition of TCI by AT&T in an exchange of common stock which is expected to close in the near future. AT&T's Prime-1 short term rating was not on review and is confirmed. The outlook for the revised ratings is stable. (Reuters)

To: trouthead who wrote (1928)	2/9/1999 10:14:00 PM
From: lml	Read Replies (1) \| Respond to of 4298

But "service" is more than just the speed of the pipes it is the number of services and options you can access with those pipes. What kind of "services & options" did you have in mind? i also can't imagine that T would be forced to open without some form of compensation. Of course. But I wouldn't necessarily expect such compensation to be just. Why? Because the market value of such access would be difficult determine (i.e. placing a market cap on the dot-coms). A more likely approach might be based cost. Specifically, a court might require that T be reimbursed the pro rata share of the expected return on it's investment for the portion of access it would be providing. Bottom line is that any access T would be compelled to provide would likely not be offered at "arms-length." The price would be artificial -- & likely to the other party's benefit. Oh, BTW, check out biz.yahoo.com