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...shares of American Telephone and Telegraph be worth after the Jan. 1 breakup of the company? That is no idle question for the 3.2 million stockholders who make AT&T the most widely held firm. Because of its steady and solid dividends ($5.40 per share during the past year), Ma Bell has long been called the perfect investment for widows and orphans. Last week AT&T closed at $66.75. But the future course of the company after its dismemberment looks murky, and many bewildered shareholders are wondering whether they should buy, sell or hold. Says Ernest Liu, senior analyst...
...their phone company holdings. Beginning next year it will permit investors to sell their shares in one or more of the seven operating companies and use the proceeds to buy shares in the others. Charge for the service: 25? per share. For the short term, many analysts are advising Ma Bell's widows and orphans to wait until next year to get a clearer view of the new companies and gain a better idea of where they want to invest their money...
Mayman says that the celebrations will include bringing back alumni who went on in the arts--such as cellist Yo-Yo Ma '76 and Peter Sellars '80, the new artistic director at the Boston Shakespeare Company...
...picket lines, the mood was militant. In Denver, strikers carried signs that read MA BELL ABUSES HER KIDS. Violence occasionally erupted. In Brooklyn, strikers tossed eggs at people crossing a picket line and scuffled with police. Three officers suffered cuts and abrasions, and three strikers were arrested for disorderly conduct or inciting to riot. In Atlanta, Picketer B.J. Griffin was hit in the mouth with a BB, apparently fired by a sniper, outside a downtown Southern Bell office. After spending the night in a hospital, Griffin was back on the line the next morning...
Yankees 6. Detroit 5 (10 ma...