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Date: 1998-12-08
AT&T schnupft IBM Global Network-.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- überspannt, wurden 5 Millarden Dollar Cash auf den Tisch gelegt. -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- Larry Dignan December 8, 1998 11:30am Shares of AT&T Corp. (NYSE: T) and IBM (NYSE: IBM) surged Tuesday after AT&T bought IBM's global network business for $5 billion in cash. Shares of AT&T rose 3 1/8 to 67 7/8 and Big Blue added 2 5/16 to 169 1/2 morning trading. ... Through the IBM networking business, AT&T gains access to large global companies, mid-sized businesses and more than 1 million individual Internet users in 59 countries. About 5,000 IBM employees will join AT&T. Through the outsourcing deals, more than 2,000 AT&T employees will be offered positions at IBM. ... "These strategic agreements are all about growth," said AT&T CEO C. Michael Armstrong, in a statement. "The acquisition of IBM's global data network will accelerate our ability to deliver IP-based services to global customers. It will give us a sophisticated new platform for revenue growth." .. AT&T said its acquisition of IBM's high capacity network would support the 100-city, IP-based network that would be created as part of the global joint venture announced by AT&T and BT in July. ... IBM's Global Network has more than 1,300 dial-up points of presence and dedicated access from more than 850 cities in 59 countries. full text http://www.zdii.com/industry_list.asp?mode=news&doc_id=ZE200900&pic=Y ..... -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- - -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- edited by Harkank published on: 1998-12-08 comments to office@quintessenz.at subscribe Newsletter - -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- -.-. --.- 
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