59 ordspråk av Michael Armstrong

Michael Armstrong

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While we did not make this decision lightly, we believe it is necessary and in the best long-term interests of our shareowners to adopt a dividend policy comparable to the policies of our competitors,

Bell Atlantic has not even come close to meeting performance levels required by the Telecom Act, ... Our brand is damaged each and every time they fail to provide our customers with service or features in a timely manner. We also suffer direct financial harm from lost revenues and costly re-works.

By highlighting the exceptional performance of AT&T's fast-growing wireless operations, we are confident that investors will see the value of this business, ... That unlocked value, which will be reflected in the tracking stock, will provide us with the currency to take advantage of the outstanding growth opportunities available in the wireless industry, including fixed wireless, wireless data and international expansion.

We know of no objections or issues at the FCC, so we believe that removes any last doubt there is,

AT&T's strong second-quarter earnings reflect steady progress in executing our strategy, ... In fact, two of our growth businesses, AT&T Wireless and AT&T Solutions, grew revenue more than 40 percent each.

Our shareholders have voted overwhelmingly in support of the AT&T and TCI merger and the benefits it will bring, ... The merger is the key to making AT&T the 'any distance' company we need to be and our customers want us to be.

For the fourth quarter in a row, AT&T delivered strong earnings and met investors' expectations, ... We took aggressive action in 1998 to strategically reposition AT&T for the future. We will continue to build on that momentum this year, focusing on reducing costs, building top line revenues and investing to grow.

For Hughes Aircraft to remain competitive in a shrinking market, there was a need to increase its participation in the industry consolidation. Raytheon together with Hughes will create a much more competitive company.

I don't think [the SBC acquisition of SNET] is a defining event, ... I don't think it does anything to open markets or promote competition.

The deal gives us reach to some 283 countries, ... It also gives us a facilities-based strategy to provide universal service to our customers.

[But the chairman also said he believed the deal would have little impact on whether the European Union will approve the British Telecom venture.] The amount of this network that will affect the joint venture, I do not consider material, ... I think the regulators, when they look at it, will agree with me.

People use not just personal computers, but telephones, televisions, wireless and other devices with this technology so that minutes will migrate over time, ... We really don't see a mass substitution or a great big cliff ahead of us, but rather that people will use this [Net2Phone applications] in conjunction with activities that they are performing in the Internet portal space.

The aggregate payout will be reduced, ... Cash flow will not go to dividends but into growth...the dividend payment will be appropriate to the companies' peers in the industries that they compete in.

While we have no current plans to sell our broadband business, Comcast's offer is serious. And we are giving it serious consideration, ... [The offer] recognizes at least some of the value that we've created in AT&T Broadband. The question is whether it recognizes the right value.

[Before] we can take a position on their offer, we have to make sure that we truly understand it, ... So AT&T's management and board will go through Comcast's proposal very carefully to determine whether it is the best way to achieve our goal of creating long-term shareowner value. That could take some time to do thoughtfully.

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