Re: So long, AT&T Broadband...hello Comcast!

["Chris Beckwith" <beckwith@ime.net>]

This deal has a long way to go if it happens at all; it's a hostile bid that
follows unsuccessful talks with AT&T management.  C. Michael Armstrong has
plenty of reasons to resist, including the nearly $100 billion he (over)spent
building T's cable assets.  Comcast's Brian Roberts has to act quickly because a
shareholder vote to spin off AT&T Broadband as a separate company is being held
later this month.  All this having been said, it's a pretty sensible deal from a
synergy and valuation standpoint, even if it furthers the growing consolidation
of the cable industry.

Take care,
Chris