Ncr's `Nancy Reagan Defense' May Not Work Much Longer

Subtle it wasn't. When American Telephone & Telegraph Co. opened its booth at a trade show in Houston on Mar. 19, it prominently displayed an automated teller machine made by NCR Corp., the unwilling target of its $6.1 billion takeover offer. And it wasn't just any teller machine: AT&T had souped it up with a video monitor and camera so that customers--say, loan applicants--could communicate face-to-face with bank officers back at the home office. The display was AT&T's way of showing it could collaborate with NCR--and driving home the point that it considers its acquisition of the Dayton-based computer maker an accomplished fact.

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