Lucent may be AT&T's creation, but its stock is a different beast

Article Abstract:

Analysts are worried that Lucent Technologies shareholders may divest their stock following Sep 13, 1996, when AT&T shareholders received the option of trading their shares of AT&T's high-technology spinoff. AT&T shareholders may sell their shares even though they will not receive them until Sep 30, 1996. On that date, each of AT&T's 3.3 million shareholders will receive one Lucent share for approximately every three shares of AT&T. High technology stocks, which can be volatile, may not fit in with the more conservative portfolios of typical AT&T investors, analysts say. Experts also contend that Lucent's paltry anticipated annual dividend yield of 0.76%, considerably lower than the expected 2.4% for AT&T, may induce early trading. Many analysts say Lucent has strong longterm potential, however. Lucent Technologies had the largest initial public offering in history on Apr 1996, when AT&T sold 122 million shares comprising 18% of its high-technology division.

Mergers, acquisitions and divestments, AT&T Corp., Lucent Technologies Inc., Securities, LU, Initial public offerings, Company securities, Company public offering

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AT&T's big switch: a tool to compete? Opportunity and new risk for a spinoff

Article Abstract:

AT&T's telecommunications equipment unit faces an uncertain future as an independent company. It has the advantage of over 100 years of experience, but competition is fierce in the cellular transmission and personal communication markets. The equipment unit should have annual sales of $20 billion, placing it second or third in the world, where it competes with international providers from France and Germany. In the US, Canada's Northern Telecom is AT&T's fiercest rival in a $10.5 billion market for telephone switching equipment. The equipment company will produce consumer and corporate telephone equipment, switching systems and their chips and transmission lines. The company will have 137,000 employees, but still has no name or board. The equipment company lost sales in the past because service providers refused to buy hardware from a potential competitor at the service level.

Management, T, Telecommunications equipment industry, American Telephone and Telegraph Co., Company Restructuring Company Reorganization, Company Operations

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A new digital air-to-ground link gets an in-flight test

Article Abstract:

USAir Shuttle is testing a data communications link on its commuter flights between New York and Washington, and New York and Boston that enables in-flight users to use fax modems and e-mail systems. Each airplane seat is equipped with an LCD display and a small handset with an alphanumeric keyboard and cursor keys. Users can then sort through 18 different capabilities, including checking stock quotes, setting up conference calls and reserving rental cars. Another option allows the user to link their notebook computer to the system. The system is called FlightLink II and is produced by the In-Flight Phone Corporation, which is partly owned by MCI. In-Flight is placing its systems on more than 24 other airlines around the country and is planning to install several hundred more systems.

Usage, Product information, Transportation industry, US Airways Inc., Telecommunication systems, Remote access (Computers), Remote access technology, Data Communications Software, In-Flight Phone Corp., In-Flight Phone FlightLink (Telecommunications equipment)

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