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

To: American Spirit who wrote (2328)	5/5/1999 7:22:00 PM
From: nghi vu	Respond to of 4298

I bought a lot of T right after the announcement of the TCI deal when the stock was in the mid 50's(pre split). I look for the stock to repeat what happenned last year....As approval date of TCI approached, the stock climbed to mid 70's so the same can happen this time. The stock can reach 75 by yearend. Just my opinion.

To: American Spirit who wrote (2328)	5/5/1999 7:25:00 PM
From: Raptech	Read Replies (1) \| Respond to of 4298

T will continue to grow under Armstrong, and the share price will move to your targets over the long haul, but first resistance from the FED regulators will have to be overcome. This is a big hurdle which will inevitably be absolved, but may take awhile as the FED doesn't usually rush these matters, and if Congress begins to hold hearings we're in for the usual uninformed personal agenda rhetoric. Oh, our personal Congressional protectors!!! ): C. Michael will have to muster all of his extraordinary talents to manuever T through. U.S. Lawmakers Voice Unease With AT&T Cable Deals By Aaron Pressman WASHINGTON (Reuters) - U.S. lawmakers Wednesday voiced growing unease with long distance giant AT&T Corp. (NYSE:T - news)'s efforts to become a cable television powerhouse as well. AT&T late Tuesday announced it had reached an agreement to purchase the No. 3 U.S. cable operator, MediaOne Group Inc., for $54 billion following its $48 billion acquisition of then No. 2 operator Tele-Communications Inc. (Nasdaq:TCOMP - news) If the deals are approved by shareholders and regulators, AT&T would become the nation's largest cable operator and own a sizable stake in Time Warner Entertainment, a unit of the No. 2 operator, Time Warner Inc. (NYSE:TWX - news) On Capitol Hill, news of AT&T's latest purchase had lawmakers expressing concerns about the growing concentration of ownership of cable wires that are starting to carry telephone and high-speed Internet service in addition to television programs. Senators Mike DeWine, Republican of Ohio, and Herb Kohl, Democrat of Wisconsin, said they would schedule a hearing soon in the Senate Judiciary Committee's antitrust subcommittee. ''We need to closely examine all competitive aspects of this proposal to ensure competition is preserved and consumers are protected,'' the two said in a joint statement, adding the ''jury is still out'' on how the deal will affect the cable market. Rep. Billy Tauzin, chairman of the House Commerce Committee's communications subcommittee, has ''serious concerns about the proposed merger'' and the ''concentration of ownership in cable,'' a spokesman for the Louisiana Republican said. Tauzin plans to ask the Federal Communications Commission and Department of Justice to review the deal ''very closely.'' Rep. Rick Boucher, Democrat of Virginia, said he was worried about the merger's effect on the market for high-speed Internet services. AT&T's AtHome Corp. service offers high-speed Internet access over cable wires bundled with Internet services like e-mail and Web page hosting for a single price. Internet service providers and consumer groups want to prohibit AT&T from forcing customers to buy the bundled offering. ''The thing that has made the Internet so successful is its open quality,'' said Boucher, who will introduce legislation Thursday to forbid AT&T and other cable companies from forcing consumers to buy Internet access and services for one price. In the regulatory arena, FCC chairman William Kennard Wednesday declined to comment on the latest megamerger heading to his agency. In February, the FCC approved AT&T's TCI acquisition. Antitrust experts said the AT&T-MediaOne deal would draw substantial scrutiny from the FCC and the Federal Trade Commission, which is likely to review the deal instead of the Justice Department because of its prior experience with cable mergers. Former FTC lawyer Kevin Arquit said the agency would be most concerned by the market power AT&T would gain over television programming providers. ''There will be an issue as to whether this would lead to some type of disadvantaging of the providers of programming,'' Arquit said. In 1997, the agency imposed safeguards on Time Warner when it acquired Turner Broadcasting System Inc. that were designed to maintain programming competition, Arquit noted. Andrew Schwartzman, president of the nonprofit law firm Media Access Project and a veteran of many regulatory merger disputes, predicted AT&T would face ''enormous regulatory difficulties that have been dramatically underestimated.'' The FCC has a rule prohibiting any company from passing more than 30 percent of the households passed by cable systems nationwide, but the rule is temporarily on hold pending the outcome of a court challenge. ''It's very hard to see how the FCC could write a decision saying it is in the public interest for AT&T to reach more,'' he said. AT&T maintains it would pass only 26 percent of households after the deal and has said it would be willing to restructure its holdings to meet FCC rules. Rap