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  • AT_HOME_FUTURE AT_HOME_FUTURE May 4, 1999 11:12 PM Flag

    Comcast, AT&T, Microsft All Partner Up

    Everybody Is Happy Comcast, AT&T, Microsft All
    Partner Up except AOL.

    They weren't even
    mentioned!!!!!

    NEW YORK (CNNfn) - In a surprise move, Comcast Corp.
    and AT&T Corp. have agreed to divvy up MediaOne Group
    Inc. between themselves, according to sources close to
    the negotiations.
    The deal averts a bidding war
    between the two communications titans and allows Comcast
    to walk away with a kill fee of $1.5 billion and a
    substantial number of new cable customers.
    Under the
    terms of the deal reached late Tuesday, Comcast will
    receive 2 million cable subscribers from AT&T and
    MediaOne. AT&T must close its $58 billion buyout of
    MediaOne for the deal to work.
    Also as part of the
    agreement, Comcast has agreed to re-sell branded AT&T local
    phone service across its cable lines much like a recent
    accord between AT&T and Time Warner Inc. Time Warner is
    parent to CNN and CNNfn.
    AT&T and Comcast are
    expected to release a statement about their agreement on
    Tuesday evening.
    The terms of the AT&T buyout deal,
    which MediaOne's board approved Saturday -- in effect
    rejecting Comcast's $48 billion offer -- have not changed.

    The complete details on the swaps of cable
    properties were not immediately available. But a source
    close to MediaOne said that the deal between AT&T and
    Comcast was "natural."
    "At some point it made sense
    for these two to get together," the source said.

    Reuters reported that Comcast will receive $1.5 billion
    in breakup fees that it was entitled to as part of
    its March 22 deal for MediaOne.

    Philadelphia-based Comcast had mounted behind-the-scenes talks to
    improve its $48 billion offer, which was rejected by the
    board of MediaOne over the weekend. Other suitors such
    as Microsoft and America Online spoke with Comcast
    as well.
    Sources close to Comcast said
    Microsoft is aware of the deal between the cable company
    and AT&T, but that talks between AT&T and Microsoft
    are continuing -- particularly about Internet-related
    issues.
    AT&T has agreed to sweeten the terms of its
    set-top box agreement with Microsoft, if the software
    company agreed to pull out of the deal, a source told the
    Los Angeles Times on Tuesday

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    • In my humble opinion. Although you seem to be using the net to its full abilities as well.

    • What does 'IMHO' stand for? Does it stand for 'I MAY HAVE an ORGASM'?
      I just had one ten minutes ago. Unfortunately, I was completely alone.

    • Just like AT&T was still in many families across
      america because they dont want chang and dont care about
      that few cents more thean MCI or SPRINGT! (especially
      wheathy or lady
      families->stay!)
      ----------------------------------------------

      Fact AT&T was forced to buy overhyped/overvalued
      MediaOne in order to stay alive! You can`t live with
      lowlow phones/minute business now!

      So AT&T shares
      holders begin to dump their shares. CEO Armstrong
      understand this and force to do so to please its share
      holders and not letting them selling! (renounced analyst
      said so!)

      be imformd!

    • I use an ADSL line and let me tell you, the net
      becomes a whole new experience. Not so afraid of
      exploring and downloading files. Easy to move around
      quickly which again adds a new dimension to the
      experience. Soon everyone will use ADSL, or Cable or even
      maybe still ISDN, but when they do they will be
      abandoning their magazines, their TV's and other forms of
      entertainment in favor of the net. However you access the net,
      the result is a winning formula for AOL. Arguing
      about cable vs ADSL is like saying that the suburb will
      be built only if Americans buy Fords and not
      Chevrolets. The suburbs were built because of access to the
      highways.
      Look at the 3mo AOL chart. We just experienced a
      second drop, a double bottom and therefore a buying
      opportunity. IMHO, I believe we will be heading up past the
      175 mark by summer's end.

    • Fact AT&T was forced to buy overhyped/overvalued
      MediaOne in order to stay alive! You can`t live with
      lowlow phones/minute business now!

      So AT&T shares
      holders begin to dump their shares. CEO Armstrong
      understand this and force to do so to please its share
      holders and not letting them selling! (renounced analyst
      said so!)

      be imformd!

    • Why would you recommend Boeing on this thread? People here don't like to hold investments for 5 years for a 2% return...

    • AOL portrayes itself as the safe, positive place
      on the Internet for kids. AOL works with parents to
      keep the nasties away from their children. Smart
      marketing. AOL is the wholesome, family portal; what mother
      cares abou�broadband�? Most people have never heard of
      �broadband� or DSL and don�t care. They have heard of AOL and
      it�s squeaky-clean image. AOL is taking the McDonalds
      approach to marketing. Play up to the kids and you�ll get
      the whole family.

    • ming68ming, yours seems the sermon of a priest

      EOM

    • I must agree with MarylMichel. AOL is very
      popular among teenagers. My teenager cousins are hooked
      on the AOL message forums. Also, lots of grandmas
      and grandpas are using AOL and are very comfortable
      with it. Most of the people I work with don't use AOL
      b/c they want speed. Average household is their main
      customers.

    • Be realistic, AOL is the very solid company with
      bright future, their huge customer base will only make
      them bigger. The future of internet is not Cable,
      everyone knows it. By the time cable net work is ready,
      the wireless should be around the corner, that's why
      AOl is doing the right decision that not to spend
      huge money to buy a expensive cable company which only
      will have very limited future. When the media one
      confusion is cleared with AOl's some annousement, the price
      of the stock will shoot up very quickly, maybe two
      three days, it can return to the 160 or 170 ranger. Be
      patient, don't panic, wait fo the good news. AOl's
      management is one of the sharpest, that's why aol is the
      biggest now over others. Trust aol's future as trust the
      futrue of Yourself.

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