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AT&T, Inc. Message Board

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  • axzl axzl Nov 24, 1999 12:57 PM Flag

    Wireless Track Stock??

    Looks like T could issue three tracking stocks,
    not just one for wireless.

    Stocks Pick Up
    Speed
    Brown Bag Lunch
    November 24, 1999
    by Sylvia
    Carr

    Stocks picked up speed by midday Wednesday in
    anticipation of the Thanksgiving holiday. After sinking into
    the red early on, the Nasdaq rose 37.30 points to
    3,380.17 at midday on anorexic volume of 568 million
    shares. The Dow rose 21.11 points to 11,016.74 on thin
    volume of 327 million shares.

    Big Boys:
    Investors liked reports in the Wall Street Journal and the
    New York Times that

    AT&T (T: +2 3/4, 53 1/2)
    is going to assign as many as three tracking stocks
    for its wireless, Internet and infrastructure
    businesses. An official announcement is expected at the
    telecom giant's Dec. 6 analyst meeting.

 
T
38.88+0.100(+0.26%)May 4 4:00 PMEDT