AT&T is trying hard to get a major role in multimedia future

Article Abstract:

AT and T may be in a better position than most firms to prosper in the multimedia future that will feature, among other technologies, wireless communications, speech-recognizing computers and interactive, international communications. AT and T has invested in or is developing products for cellular telephones, advanced microchips, electronic mail, videophones, computer software, high-definition television and pocket communicators. AT and T's various ventures include a 33 percent stake in McCaw Cellular Communications Inc; investments in Go Corp, a developer of pen-based software for portable computers; and the Hobbit, a new chip that several companies have agreed to use in their pocket communicators. Even if competitors win out in some areas, it is hard to imagine any sort of message being sent through the worldwide communications network without AT and T's involvement.

Planning, Telecommunications industry, Investments, Business planning, Multimedia technology, Multimedia systems, Future Technologies, Interactive Systems

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NCR seeks aid from holders to fight AT&T

Article Abstract:

NCR Corp's Chmn Charles E. Exley Jr attempts to rally the computer maker's shareholders in an attempt to reject AT and T's $90-a-share offer. Exley schedules a meeting in mid Dec 1990 to discuss with shareholders how the company can fight a proxy battle that will ensue after it rejects the $6.12 billion takeover bid. Industry observers expect NCR to initiate several defenses including unequivocal rejection, a search for a 'white knight' and law suits. Speculation that there is a white knight in the wings prompts investors to push NCR share prices down. The company's stock closed at $89.50 on Dec 12, 1990. Two banks in Dayton, OH, headquarters for NCR, place an ad in a local newspaper and asks Dayton residents not to tender shares and to switch away from AT and T, to a different long-distance carrier, as a protest.

Management, Computer industry, Mergers, acquisitions and divestments, Telephone companies, T, NCR Corp., NCR, Telephone Company, Exley, Charles E., Jr., Takeovers

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