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

To: Martin Milani who wrote (2323)	5/5/1999 5:21:00 PM
From: ajs	Read Replies (1) \| Respond to of 4298

quote.bloomberg.com AT&T CEO Armstrong on MediaOne and Comcast: Company Comment New York, May 5 (Bloomberg) -- AT&T Corp. Chief Executive C. Michael Armstrong speaks on financial news network CNBC about the agreement with Comcast Corp. and the outlook for an agreement with MediaOne Group Inc. AT&T, the largest U.S. phone company, won a bidding contest for MediaOne by agreeing to sell cable- television systems for as much as $9.2 billion to rival suitor Comcast. ''We still haven't concluded on MediaOne. This was a wonderful step in order to get here, this arrangement with Comcast. But of course the MediaOne board still has to meet and conclude, and we have to sign a document. But if they would do all that, you are absolutely right, it'll improve our revenue, will probably up our growth rates to 10 to 12 percent, and will probably improve our cash flow around 20 percent.'' ''I think that AOL (America Online Inc.) will do what's in their best interest. I look forward to working with (AOL Chairman Stephen Case) and AOL as we go forward to find out if we can reach a commercial arrangement for them to be on our broadband network. In terms of the regulatory process, I think we have said before, whatever the new rules are in terms of attribution -- you know they have been suspended for some four years -- but whatever those new rules are, we will comply with them and will work with the FCC to review them.'' ''I have shared with them (AT&T investors) what our projections are on stronger cash flow, and when the dilution will play out. This deal, this arrangement with Comcast, was accretive to AT&T some 4 cents a share in the year 2000. The deal with MediaOne will improve our cash flow. We also have a very strong cost-cutting program.'' ''Our relationship with Time Warner (Inc.) is yet to be determined. We had a very sound joint venture that we were negotiating up until the MediaOne situation. The only thought I can leave you with is that this will only strengthen our relationship with Time Warner.'' ''The thing with Comcast, we are both investors in and own stock in At Home (Corp.). I think Comcast has indicated they may be willing to part with some of their At Home non-voting stock to settle up for the subscribers we are selling them. But they still remain a substantial investor in At Home and committed to At Home over their network.'' (CNBC 5/5 www.cnbc.com)

To: Martin Milani who wrote (2323)	5/5/1999 5:26:00 PM
From: Frank A. Coluccio	Respond to of 4298

It goes beyond wince. pennwell.shore.net From same, ... from analog to digital TV (DTV) will entail approximately $200 billion of consumer expenditures, in addition to the expenses incurred by program producers, TV stations, and cable operators. Any company that positions itself to serve all the industry's segments has a rosy future. Microsoft understood this long ago and has tried in various ways to get an edge in DTV markets. In the spring of 1997 ... Enjoy, Frank Coluccio