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#1
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AT&T to cut 10,000 jobs post-merger
http://money.cnn.com/2006/03/06/news...ex.htm?cnn=yes
AT&T to cut 10,000 jobs post-merger Nation's No. 1 telephone company says the cuts would come starting next year, once the BellSouth deal completed. March 6, 2006: 11:49 AM EST NEW YORK (Reuters) - AT&T Inc. , which has agreed to buy BellSouth Corp. for $67 billion in stock, Monday said it expects to cut some 10,000 jobs between 2007 and 2009, once the acquisition has closed. The deal, announced on Sunday, would bring ownership of Cingular Wireless, the No. 1 U.S. wireless telephone company, under one roof, which Wall Street analysts have said would streamline management and allow one parent company to enjoy all of the financial benefits. Quick VoteWill the AT&T-Bellsouth merger equal higher prices for consumers? Yes No Too soon to say or View results Video More video CNN's Allan Chernoff breaks down what an AT&T-BellSouth merger might mean to consumers. Play video A purchase of BellSouth would recombine the former AT&T (Research), also known as "Ma Bell," with four of the seven original "Baby Bell" regional telephone companies that were split off when AT&T was broken up by a court order in 1984. At the time, AT&T controlled the long-distance telephone assets and its seven offspring offered regional and local telephone services. Together, AT&T and BellSouth (Research) would have a national long-distance telephone and data network, residential customers stretching from Florida to California and business customers comprising more than half of the Fortune 1000, analysts have said. The next largest telephone company is Verizon Communications. Meanwhile, two consumer groups said Sunday that they'll urge U.S. antitrust authorities to block the deal, arguing it would lead to higher prices. Consumers Union and the Consumer Federation of America said they would ask the Justice Department's antitrust division to reject the $67 billion deal that would extend AT&T's reach and solidify its position as the No 1. U.S. telephone company. BellSouth stock jumped about 11 percent in morning trading while AT&T fell about 1 percent, both on the New York Stock Exchange. _______________ Consumer groups look to squash AT&T-BellSouth deal -- click here.
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#2
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Looking at it from a selfish point of view and being a stock holder of Bell South. Their stock is going crazy (up)
Bob K
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Bob K. AKA bOOger God bless the ACLU |
#3
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Bob....sell now. Once AT&T gets it...they are bound to screw it up.
J.P. Packo
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"TO ANNOUNCE THAT THERE MUST BE NO CRITICISM OF THE PRESIDENT...IS MORALLY TREASONABLE TO THE AMERICAN PUBLIC." Theodore Roosvelt "DISSENT IS PATRIOTIC!" (unknown people for the past 8 years, my turn now) |
#4
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E F Pack
ATT is buying Bell South at 37 a share to its stock holders.....That when I dump it Bob
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Bob K. AKA bOOger God bless the ACLU |
#5
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Looks like monopoly once more.
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Boats O Almighty Lord God, who neither slumberest nor sleepest; Protect and assist, we beseech thee, all those who at home or abroad, by land, by sea, or in the air, are serving this country, that they, being armed with thy defence, may be preserved evermore in all perils; and being filled with wisdom and girded with strength, may do their duty to thy honour and glory; through Jesus Christ our Lord. Amen. "IN GOD WE TRUST" |
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