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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1246)	2/12/1999 6:52:00 PM
From: porcupine --''''>	Respond to of 1722

AT&T Chairman takes active role in TCI - WSJ NEW YORK, Feb 12 (Reuters) - AT&T Corp Chairman C. Michael Armstrong will take the lead role in running Tele-Communications Inc. following AT&T's acquisition of the cable giant, the Wall Street Journal said Friday. Armstrong told the Journal in an interview that he will become more involved in overall day-to-day operations, including the soon-to-be merged TCI, while relinquishing some of his broad oversight duties. Armstrong said TCI President Leo Hindery will report directly to him, instead of AT&T's President, John Zeglis, as was previously announced, the paper said. Armstrong will also oversee AT&T Business Services, which sells telecommunications services to businesses, and AT&T Solutions, the company's network outsourcing business, as well as network, technology and finance operations, the paper said. Hindery will head AT&T Broadband services, AT&T's cable-phone ventures, the paper reported. Though Zeglis is giving up responsibility for AT&T's cable-TV operations, he will expand his duties elsewhere. His new duties include oversight of AT&T's joint venture with British Telecommunications Plc., and the company's legal, governmental and public affairs, the paper said. Zeglis will continue to be in charge of AT&T's wireless unit, its long-distance division, and its efforts to sell AT&T's services in bundles, including cable offerings. Armstrong denied that the changes are related to reports that Zeglis and Hindery have trouble working together. Zeglis and Hindery said in an interview that they get along just fine, the paper said.