Re: Long-Term AT&T Investors

snipped-for-privacy@aol.com Wed, 8 Mar 2006 20:14:39 EST wrote:

>> It is not all that uncommon in the business world for the acquirer to >> take the name of the acquired company. Phil Anshutz's (he of Qwest >> fame, among many other businesses) Denger and Rio Grande Western >> Railroad acquired that Southern Pacific Company, parent of the >> Southern Pacific Railroad (which had long since divested Sprint). >> Then he changed the name of the company to Southern Pacific. (Also of >> historic interest only, since the Union Pacific Railroad acquired >> Southern Pacific and dropped the name). >> NationsBank, formerly NCNB National Bank, and before that North >> Carolina National Bank, acquired Bank of America and then changed its >> name to Bank of America.>> > Or in the recent case of SBC (formerly Southwestern Bell Corporation) > [not to be confused with SBC for Seattle's Best Coffee, a division of > Starbucks] buying AT&T and taking on the name of the rechristened > company as at&t (just "lower casing" themselves and ditching the death > star in favour of a blue marble.) > Then again there are other cases where a name change was affected -- > MCI (Microwave Communications Incorporated) becoming Worldcom, but > more than likely Worldcom was not a favourable name after the higher > level hijinx with "creative" accounting bankrupted the original > corporation so they changed their corporate name to that of the > acquired entity (perhaps thinking that the public was too stupid to > notice that it was still the same entity that screwed them out of > their investment if they invested in the company.) > MCI hasn't dealt with microwave in *years* and AT&T hasn't had much of > anything to do with telegraph either for that matter either.

And MCI really doesn't exist anymore. It's all Verizon -- including UUNet. Scary indeed.

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