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What's next for Armstrong?

Wed, 09/13/2000 - 8:00pm
Karen Kessler

As if the chair of AT&T didn't have enough on his mind right now…Rumors are surfacing that "The Doctor," John Malone, current Liberty chairman and former owner of the TCI cable systems sold to AT&T over a year ago, may replace C Michael Armstrong. Malone is a majority stock owner in AT&T. The rumors caused a small spike in the stock late yesterday even though insiders say the rumor isn't true. The stock opened at $31 3/4 (NYSE: T).

AT&T declined to comment on the basis that it does not speculate on marketplace rumors.

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