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"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.

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