Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

"At&T Can't Buy Its Way Out Of This Mess" (News: Analysis & Commentary, Sept. 4, 2000)

Corrections & Clarifications

"AT&T can't buy its way out of this mess" (News: Analysis & Commentary, Sept. 4, 2000)

"AT&T can't buy its way out of this mess" (News: Analysis & Commentary, Sept. 4) should not have drawn a connection between the price the company paid for its cable properties and subsequent cost cuts imposed on other operating units. The commentary also should not have said "almost none" of AT&T's units are measuring up to expectations, since the wireless and cable businesses are performing well. The estimate of $1.8 billion that AT&T must invest in its cable properties dates back to 1999, and most of that investment has already been made. The article should have said that CEO C. Michael Armstrong arrived at the company in 1997, not 1996.

blog comments powered by Disqus