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To: Larry S. who wrote (19922)5/6/1999 7:53:00 AM
From: tom pope  Read Replies (2) | Respond to of 53068
 
>>The dawning of a new world: - <<

I agree. But the street may think the regulators will take a very hard look at the combination and mitigate the extent of T's reach. Did you notice how UMG was down on a day T was up 6? Under the terms of the deal UMG's value should be 84, not 77. That implies a high degree of uncertainty as to the deal's outcome. Otherwise buying UMG should be a no-brainer.