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Norman,
I'm a trader rather than an investor and will trade t in either
direction. That said, to take a page from Peter Lynch about investing
based on personnal experience, ATT has exhibited the monopolistic arrogance
and disregard of customers that characterized Ma Bell. T was once the
largest long distance company in the country. They provided expensive,
generally reliable service; blamed local phone providers for any troubles
and were slow to respond to valid customer complaints, IMHO. They
frittered away their advantage, to put it politely. The only thing I
encountered from Michael Armstrong was a relentless telemarketing campaign
and disregard of requests to be put on their no-call list. Now they're the
largest cable company. They are raising rates and limiting access as if
they were still the only game in town.
Since you don't get NBR, I have to tell you that John Malone, the
man who sold them the old technology, today made a substantial investment
in Direct TV. Sorry to hear you're deprived of one of the better business
progams on TV.
Charles Marchand
At 09:25 PM 9/27/00 -0400, Norman wrote:
>----- Original Message -----
>From: "BobsKC" <bobskc@xxxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Wednesday, September 27, 2000 9:37 AM
>Subject: [RT] T
>
>
> > When ATT took MediaOne, there were a couple of pockets that were either
>not
> > included due to earlier commitments by MediaOne or such pockets of the
> > market would be delayed in transfering to ATT control due, again, to prior
> > commitment. This included Southern Florida and particularly, Southwest
> > Florida. ie: Fort Myers, Naples, etc. While this is not specific, it
> > may explain why you are seeing what you are from the company.
> >
> > All best,
> >
> > Bob
>
>Bob,
>
> The SW FL example is my case. As a result of this
>wrangling. WPBT in Miami, producer of the Nightly Business Report, who has
>broadcast via
>cable to the Naples area for 45 years, was dropped by MediaOne as of
>Septemer 1. The local PBS station can't carry NBR because WPBT owns the
>rights and won't give a release to a neighoring territory and potential
>competitor as is the practice in the TV biz. So, Naples, Fl, famous for
>having mucho dinero, i.e. more millionaires per capita than anywhere in
>Florida and 80 golf courses for 24,000 people can't get the Nightly Business
>Report. This was done without giving any advance notice to the customers,
>let alone asking the customers what they would like. It took me a week to
>figure out what happened to NBR. MediaOne then told me that our local cable
>company, after going through 5 name changes and ownerships in 7 years, would
>soon be sold to Comcast Cable.
>
>Thank you ATT,
>
>Norman
>
> >
> >
> > At 08:25 AM 9/27/00 -0400, you wrote:
> > >Greetings BobsKC
> > >
> > >I live in a small town in southern Florida and AT&T Broadband just
>proudly
> > >announced they expected to be offering cable internet service in 2002.
> > >Bellsouth is currently deploying DSL in our area. My town is most
>certainly
> > >not typical but it does make me think that AT&T just doesn't get it.
>Their
> > >poor rollout of cable internet service and their abysmal record with
> > >customer service makes me think that their decline will continue.
> > >
> > >Just my opinion,
> > >
> > >John Manasco
> > >
> > >----- Original Message -----
> > >From: "BobsKC" <bobskc@xxxxxxxxxxxx>
> > >To: <realtraders@xxxxxxxxxxxxxxx>
> > >Sent: Wednesday, September 27, 2000 12:35 AM
> > >Subject: [RT] Re: T
> > >
> > >
> > >> The market continues to see T as a phone company nearly to the
>exclusion
> > >of
> > >> the fact it is now the largest cable company in America. Cable =
> > >broadband
> > >> and broadband = services, services, services. This is a "what have you
> > >> done for me lately" market with a near zero patience level. I believe
> > >that
> > >> Armstrong will bring T back into the good graces of the market but it
>may
> > >> not happen until the cable profits begin seriously replacing the losses
>in
> > >> long distance revenues I'm adding to my position in T at these bargain
> > >> prices. I see the upside conservatively at +$30 and the downside risk
>to
> > >> -$8 or so. I like that risk/reward basis.
> > >>
> > >> Good trading and investing,
> > >>
> > >> Bob
> > >>
> > >>
> > >> At 10:17 PM 9/26/00 -0600, you wrote:
> > >> > Group: I have question from my bother-in-law, I am
> > >> >wondering if any of you can comment. Thanks, GW & It is
> > >> >trading at its book value.
> > >>
> > >>
> > >
> > >
> > >
> > >
> >
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