BACK FOOTNOTES: IN 2003, AT&T SOLD ITS CABLE OPERATIONS TO COMCAST, IN 2004 AT&T WIRELESS MERGED WITH CINGULAR WIRELESS; AND IN JANUARY 2005, AT&T WAS BOUGHT-OUT BY SBC, ENDING A 134 YEAR LEGACY. AT&T AT A GLANCE BROADBAND REVENUE: 8.3 BILLION AT&T PURCHASED TELE-COMMUNICATIONS INCORPORATED(TCI) AND MEDIAONE TO OFFER LOCAL PHONE AND HIGH-SPEED INTERNET CONNECTIONS AND CABLE TV TO 16 MILLION CABLE SUBSCRIBERS. IT IS UPGRADING CABLE LINES TO HANDLE NEW SERVICES. ONE GOAL IS TO PROVIDE LOCAL PHONE SERVICE FOR UP TO 650,000 CABLE CUSTOMERS BY 1/31/2001. BECAUSE OTHER CABLE OPERATORS HAVEN'T ALLOWED AT&T TO OFFER LOCAL PHONE SERVICE THROUGH THEIR WIRES, IT MUST CONSIDER ALTERNATIVE TECHNOLOGY, WHICH WOULD CREATE COMPETITION WITH CABLE KIN. ESTIMATED VALUE PER SHARE: $20 WIRELESS REVENUE: 10.2 BILLION WITH SALES GROWING ABOUT 30% OVER THE PAST YEAR, AT&T WIRELESS IS THE NO. 3 CARRER WITH ABOUT 14 MILLION CUSTOMERS. EVEN THOUGH IT IS ONE OF THE COMPANY'S BEST PERFORMING DIVISIONS, SOME IMPLY THAT WIRELESS PHONE SERVICE IS BECOMING A COMMODITY, WITH SERVICES AMONG THE SIX LEADING CARRIERS DIFFICULT TO DISTINGUISH AND PRICES FALLING. ESTIMATED VALUE PER SHARE: $11 BUSINESS AND LONG DISTANCE BETWEEN BEING THE NATION'S LARGEST PROVIDER OF LONG DISTANCE PHONE SERVICE TO RESIDENTIAL CUSTOMERS AND HAVING ITS BUSINESS SERVICES DIVISION AS ITS MOST PROFITABLE UNIT (WHICH SELLS VOICE AND DATA SERVICES TO CORPORATIONS), THESE SERVICES BOAST ABOUT 66 MILLION CUSTOMERS. ESTIMATED VALUE PER SHARE:BUSINESS: $15 - $20. LONG-DISTANCE UP TO $3. NEXT