As you know, the FCC in the next several days will issue an order that allows T to acquire MediaOne giving T 1-year to divest certain assets to comply with the 30% cable penetration rule. This 1-year time table is very important. If T chooses to divest Liberty and had the FCC only given T 6-months to act, T would have been stuck with a major taxable liability. Now with a 1-year time frame, T can divest Liberty after 3/2000 and not incur the liability.
T-Liberty-Time Warner-AOL are so tightly involved with each other, that it will take months of negotiations to determine what T will divest. The point to be made, is that T is involves/owns pieces of companies which now and over the coming years will dominate the communications industry in the U.S.
Many of you are too shortsighted. You are sitting on a goldmine which has yet to be mined. Just wait to the miners get there.
Also many of you are ignoring T in Europe and the Far East. Just wait, T will emerge as the major wireless power in both regions.
Suffice it to say, just be patient. All of the parts are being assembled for a major push.
serious T long. When T and Media one complete the merger how troubling will it be for T if the market value of T is signifigantly below the the $57 level which would allow a stock for stock trade with no cash supplement by T?
Can this merger even take place unless the market value of T improves signifigantly?