DLJ Analyst Warns: Steer Clear of AT&T.(Donaldson Lufkin & Jenrette; AT&T Corp.)(Brief Article)
Multichannel News, September, 2000 by FARRELL, MIKE
NEW YORK -- Donaldson Lufkin & Jenrette telecommunications analyst Richard Kiugman painted a gloomy picture for AT&T Corp., a stock that has been battered for most of this year as Wall Street struggles to determine a proper valuation for its cable and telecommunications assets. In a panel discussion at last week's PriceWaterhouseCoopers 2000 Global Entertainment, Media & Communications Summit conference here, Kiugman singled out AT&T as the stock to avoid.
AT&T's stock has been under intense pressure this year. It lost about 47 percent of its value since December amid doubts that the company can execute its broadband strategy while maintaining its core long-distance and business-telephony enterprises. "The one I would steer away from is AT&T,"...
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