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To: JOHN W. who wrote (46242)	3/17/1999 10:20:00 PM
From: Impristine	Read Replies (1) \| Respond to of 164684

Man, Reality has hit me in the face, so many times, my face is flat, i always hit my ass on the ceiling....

To: JOHN W. who wrote (46242)	3/18/1999 8:23:00 AM
From: Glenn D. Rudolph	Respond to of 164684

RESEARCH ALERT - AT&T upbeat on broadband unit NEW YORK, March 17 (Reuters) - Lehman Brothers analyst Blake Bath said AT&T Corp. <T.N> held an upbeat meeting to reiterate its outlook and plans for its broadband and Internet services unit. -- Lehman said Leo Hindery, president of the broadband unit, indicated AT&T was unlikely to buy MediaOne Group Inc. <UMG.N>, but said AT&T planned to finalize joint ventures with cable companies in the near-term. -- Lehman said AT&T plans to finalize the previously announced pact with Time Warner Inc. <TWX.N>, including the announcement of a chief executive, within the next 30 days. Said MediaOne is not expected to block that deal. -- Hindery said he and his management team have a five-year vesting agreement and intend to remain with AT&T through the execution phase of the broadband strategy. Hindery said rumors of his departure over the next few years are unfounded. -- Hindery said he believes the cable industry is the last stage of consolidation, with final scenario being played out in the coming months -- Lehman said it appears AT&T's relationship with America Online Inc. <AOL.N> is "frosty" after AOL's recent battle to try to force AT&T to open its high-speed Internet networks to competitors. -- Hindery said very little was going on commercially between AT&T and America Online Inc. Hindery said he believes AOL's alignment with the Baby Bells and their commitment to DSL (digital subscriber line) technology and its deployment timeline is a mistake. -- Hindery said he remained confident the broadband unit will show strong digital customer growth and mid- to high single digit revenue growth. This should drive mid- to high single digit operating cash flow in 1999, Hindery said. -- Hindery said he expects AT&T can achieve 25 percent to 30 percent cable telephony penetration in three years. -- Lehman Brothers said it believes AT&T remains on track for accelerating revenue growth and profit growth over the next few years and views the recent stock pullback as an excellent buying opportunity. -- shares of AT&T gained $1.375 to $83.8125.