AT&T profit on Cable?

In article <[email protected]>,
Steven J Sobol <[email protected]> wrote:

> In alt.cellular.verizon Justin <[email protected]> wrote:
> > It's simple, he wasn't talking about cable and cellular being related.
> > He was saying that it's SOP for AT&T companies to buy, build up as much
> > as they can afford and then sell off at a profit. Not caring what sort
> > of service they provide.




Let's see: they paid $48 billion in 1998
http://www.wired.com/news/print/0,1294,13234,00.html

and then sold it for $47 Billion in 2002.


Where's the profit in that?

---

› See More: AT&T profit on Cable?

In alt.cellular.verizon Matthew Lindeen <[email protected]> wrote:

>> In alt.cellular.verizon Justin <[email protected]> wrote:
>> > It's simple, he wasn't talking about cable and cellular being related.
>> > He was saying that it's SOP for AT&T companies to buy, build up as much
>> > as they can afford and then sell off at a profit. Not caring what sort
>> > of service they provide.
>
> Let's see: they paid $48 billion in 1998
> http://www.wired.com/news/print/0,1294,13234,00.html
>
> and then sold it for $47 Billion in 2002.
>
> Where's the profit in that?

Thanks - that was exactly my point!

--
JustThe.net Internet & New Media Services
22674 Motnocab Road * Apple Valley, CA 92307-1950
Steve Sobol, Proprietor
888.480.4NET (4638) * 248.724.4NET * [email protected]

Stop digging Sobol.


"Steven J Sobol" <[email protected]> wrote in message
news:[email protected]...
> In alt.cellular.verizon Matthew Lindeen <[email protected]> wrote:
>
> >> In alt.cellular.verizon Justin <[email protected]> wrote:
> >> > It's simple, he wasn't talking about cable and cellular being
related.
> >> > He was saying that it's SOP for AT&T companies to buy, build up as
much
> >> > as they can afford and then sell off at a profit. Not caring what
sort
> >> > of service they provide.
> >
> > Let's see: they paid $48 billion in 1998
> > http://www.wired.com/news/print/0,1294,13234,00.html
> >
> > and then sold it for $47 Billion in 2002.
> >
> > Where's the profit in that?
>
> Thanks - that was exactly my point!
>
> --
> JustThe.net Internet & New Media Services
> 22674 Motnocab Road * Apple Valley, CA 92307-1950
> Steve Sobol, Proprietor
> 888.480.4NET (4638) * 248.724.4NET * [email protected]

In alt.cellular.verizon Matthew Lindeen <[email protected]> wrote:
: In article <[email protected]>,
: Steven J Sobol <[email protected]> wrote:

: > In alt.cellular.verizon Justin <[email protected]> wrote:
: > > It's simple, he wasn't talking about cable and cellular being related.
: > > He was saying that it's SOP for AT&T companies to buy, build up as much
: > > as they can afford and then sell off at a profit. Not caring what sort
: > > of service they provide.

: Let's see: they paid $48 billion in 1998
: http://www.wired.com/news/print/0,1294,13234,00.html

: and then sold it for $47 Billion in 2002.

: Where's the profit in that?

You forget that the tech world was a whole different place in 1998
than it was in 2002. They bought near the peak of the dot-com bubble,
when anything technology-related was way overinflated in price, and
sold after it burst. I'd say they did pretty well "losing" only $1B
during that time.

In fact, one wonders if AT&T was able to write off costs from the
purchase and sale of the cable unit and hide profit somewhere by
making their bottom line look worse.

Andrew
--
----> Portland, Oregon, USA <----
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In alt.cellular.verizon FIGMO <[email protected]> wrote:
> Stop digging Sobol.

Sobol? Yeah, he's pretty cool. I dig him, man!

Now, did you have something intelligent to say or are you just going to
keep telling me I'm digging a hole? Maybe you should go to the potty and
take a dump, because the fact that you haven't said anything other than that
indicates that you're full of ****.

--
JustThe.net Internet & New Media Services
22674 Motnocab Road * Apple Valley, CA 92307-1950
Steve Sobol, Proprietor
888.480.4NET (4638) * 248.724.4NET * [email protected]

"Steven J Sobol" <[email protected]> wrote in message
news:[email protected]...

>
> Thanks - that was exactly my point!
>
> --

Dude- now I've seen it all. You and Phil (Matthew) on the same page.

In alt.cellular.verizon Scott Stephenson <[email protected]>
wrote:

> Dude- now I've seen it all. You and Phil (Matthew) on the same page.

We've agreed a couple other times. He's not *always* wrong.


--
JustThe.net Internet & New Media Services
22674 Motnocab Road * Apple Valley, CA 92307-1950
Steve Sobol, Proprietor
888.480.4NET (4638) * 248.724.4NET * [email protected]

"Steven J Sobol" <[email protected]> wrote in message
news:[email protected]...
> In alt.cellular.verizon Scott Stephenson
<[email protected]>
> wrote:
>
> > Dude- now I've seen it all. You and Phil (Matthew) on the same page.
>
> We've agreed a couple other times. He's not *always* wrong.

A certain "broken clock" analogy springs to mind... ;-)

Some time around Wed, 10 Dec 2003 21:36:48 GMT (give or take a month), someone called Matthew Lindeen
<[email protected]> rambled on about:

I worked for one of the companies AT&T purchased to get into cable and they fired me only to hire me on as a contractor.
(AKA no benefits) They had *no* clue to what they were doing. The wall street Journal said it was a joke, and the owner
of TCI said it was a joke when AT&T purchased them.
They shut down all customer services and pissed off a lot of city governments and communities.

I personally think they did it for a loss, and so they could spin off the wireless division. The money the spent of
useless things and didn't upgrade any system.



-W