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I really don't have enough expertise to assess it. Financially, it's NOT going under, but whether or not it's worth anything for an upside move, I can't tell....the company is subject to so much regulation...I caught a little bit of FCC sec Powell in front of Congress last week..the one question NO ONE asked is why, in this day and age, we still differentiate between LOCAL and LONG DISTANCE.....heck..there's no difference, except in the regulators' minds....that has to be the FIRST thing that goesa...

Armstrong seems much more comfortable now -- whether he has a good plan forward is another story. A year and a half ago I thought he was in over his head, and just throwing spagetti at the wall. He did say on Monday that ATT's books were honest and maybe that was the reason they were then at a competitive disadavantage to the lately fallen high-flyers.

I suspect his comfort is mostly in the fall of his rivals.