So SBC is trying once again to acquire AT&T (or what’s left of it). I suspect the deal has a much better chance of being approved today than it did the last time SBC tried this, and if it does go through, I’ll be sad. It’s extremely rare that a corporation lasts as long and becomes as well known as AT&T, and seeing it finally join the scrapheap of dead brands would be noteworthy. And the final irony, of course, is that the acquirer is a corporation that was spun off from the old AT&T in the first place. In a way I suppose that is appropriate.
As a shareholder, I should be happy. My AT&T stock has gone from being a significant piece of my portfolio to a pile of more or less worthless spinoff stocks. I never sold it off more our of nostaliga than anything else — a bad reason to make an investment move, I know.