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To: zbyslaw owczarczyk who wrote (10380)	3/18/1999 1:34:00 PM
From: pat mudge	Respond to of 18016

You're right! On Wednesday, March 17th 1999 at 6.00 p.m. CeBIT 99 (March 18th to 24th 1999) will be opened in the Congress Center Hannover. Blame it on too much St. Pat's celebrating. :)) I'll check for a replay. Pat

To: zbyslaw owczarczyk who wrote (10380)	3/18/1999 3:33:00 PM
From: pat mudge	Respond to of 18016

I hope you listened to Scott McNealy's Keynote. Entertaining --- and enlightening, too. AT&T prepares for "war:" March 18, 1999 AT&T Prepares Global-Bond Deal That Could Raise up to $8 Billion Huge Offering Could Establish Record; Firm Plans Its First Stock Split Since '64 By REBECCA BLUMENSTEIN and GREGORY ZUCKERMAN Staff Reporters of THE WALL STREET JOURNAL NEW YORK -- AT&T Corp. is preparing for a massive bond offering next week that could add as much as $8 billion to the company's coffers. Last week, AT&T indicated it would sell bonds valued at about $6 billion, the prospect of which has had the bond market salivating. But investors and people close to the company say AT&T has allowed itself room to go even higher depending on market conditions. That could establish a record as the country's largest corporate-bond offering. TCI Top Officials Had Profitable 1998, Prior to Company's Purchase by AT&T After a conference call with investors Wednesday there appears to be so much investor interest in the debt offering that many on Wall Street believe the sale will likely eclipse WorldCom's record $6.1 billion corporate-bond offering last August. First Split Since 1964 Separately, AT&T's board declared a 3-for-2 stock split, setting in motion a plan announced in January. It would be the company's first split since 1964. The split for America's most widely held stock will be payable on April 15 to AT&T common shareholders of record on March 31. Blake Bath, a analyst with Lehman Brothers, said the stock split reflects AT&T's confidence in the company's future operating performance, despite some concerns about how AT&T will absorb its recent acquisitions. "This is a pretty strong statement that they believe in how they are executing," said Mr. Bath. AT&T's bond offering reflects the phone giant's determination to diversify its balance sheet and take advantage of relatively low interest rates. The company has said it plans to use the proceeds to pay for its recently completed acquisition of cable company Tele-Communications Inc., and its recently completed $4 billion share-repurchase program.