The long-distance thing is boosting the whole sector. It's a group-wide phenomenon,

The company is spending more up front than we thought to pay for the TCI purchase,

It has been more stable than most stocks out there, but in the telecom environment -- as it develops with rapidly increasing regulatory and rapidly increasing technology changes -- AT&T will definitely be less stable than it's been,

I know it can be done cheaper than $36 million.

If you look at it on the whole, ... it shows the company is very focused.

The telecom market overall has been strong and a lot of the traditional carriers have been showing solid growth. We think that will continue.

Bell Atlantic is definitely not cooperating (with MCI) out of charity, ... but to satisfy the regulatory process.

Unionization of these companies is a cost disadvantage and a flexibility disadvantage to them. If you're neutral, you have no power to keep your company from becoming unionized.

I think once you get Lucent stripped out of it, and once it divests NCR there's a lot of value in the leftover company, which is essentially a long-distance company and a cellular company.

He's got to focus on integrating the business units of AT&T, on integrating the services so you can go to a consumer and say, 'We're not just your long-distance service. We want to be your Internet provider, your satellite services and, eventually, your local service,' ... The magic of the bundle is what every phone company is going after.