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,-THE HOUSTON HOME JOURNAL, SATURDAY, DECEMBER 29, 1990 10A The computer game; AT&T makes wise choice In light of AT&T's recent S 6 billion cash bid for computer giant NCR Corp., a phone call as placed to John Bain, Raymond James' Telecommunications analyst, to get his thoughts on the proposed deal. Here is what John said: "AT&T absolutely must maintain a presence in the computer industry if it hopes to participate fully in the future growth of the overall information processing and transmission business. Since the company has been unable to develop its own computer business, buying one makes sense." AT&T will acquire a proven management and produce! line in a very well established company. At roughly S 6 billion in revenues, NCR is about half the size of AT&T's own manufacturing and product sales segment. This would, therefore, be a very meaningful acquisition in terms of the scope of AT&T’s activities. Also, NCR is one of the few major computer companies to have adopted AT&T's unix operating system. The NCR architecture should be amendable to adoption of Christmas T-shirts Students in the first grade at Tucker Elementary made special t-shirts for Christmas. The shirts, made with paint and sponges, were made with the help of several mothers, including Amy Harris' mother, Jennifer Harris' mother, and Kyle Padgett's mother. Other students showing off their shirts are Molly McKinley, Nikki Thompson, Sarah Register, Laltakka Washington, Titus Billings, Chris Dekmar, Carla Pierce, Cassie Simmons and Michelle Coates. Guard unit receiving hometown news V Jack L. Witty Financial adviser any developments from AT&T's own considerable research and de velopment effort. Although the slock market has so far taken a dim view of this deal, the timing could be good. I feel that most of the market's movement downward is a result of the Middle East situation and not business fundamentals alone. AT&T is finally beginning to show signs of success in major business seg ments, and has apparently done quite well with its credit card project. If long distance market Jdapyy O\[ezo year to the Members of the 48th ‘Brigade S & E Sales & Service • Comfort Inn • The Body Boutique • Ralph's Snack Shop • Auto Shade Hamby Chevrolet • The Red Barn • H & H Bonding Service • Fresh Air Bar-B-Que • Bank South Farmer's Furniture • Mark Powell Chrysler-Plymouth-Dodge • Rural Electronics • Family Pontiac The Golden Palette • Home & Hearth • Carpet Express • Perry Hospital • Butler Chevrolet-Oldsmobile-GEO Macon Feed & Seed • Rosey's Dry Cleaners • PPG Industries • Akin Drug Company • Scrupples Crazy J's Party Shoppe • American & International Travel • Wayne Morris Ford • GTE South Handyman Hardware • Holiday Inn • Hays Wrecker Service • Investment Management & Research Inc. Tolleson Supply Co. • Kmart • Mid-state Insulators, Inc. • First Family Financial • Trust Company Bank Walker Rhodes Tractor Co. • Warner Robins Supply • Perry Brake & Muffler • Woodruff's Auto Beckham Brothers Dist. • Perry Pawn Shop • Edwards-Harper • Jones Jewelers Pennington Plumbing & Electric • Perry Hosiery & Lingerie • Nelson & Turk Used Cars Production Credit Association • Harrell's Greenhouse • Arnold's Auto * Moss Pharmacy New Perry Nursery • Connors Decorating • Beavers & Moore Ins. • Harold's Amoco • Precision Tire Preferred Trophies • Interstate Body Shop • Tuggle & O'Neal • Kellwood Outlet • Crossroads Bank Jim Clance • Atlanta Coca-Cola Bottling Co. * Houston Lake Country Club • Jones Surveying Co. Charlie Pike Chevrolet • The Travel Center • Northrop Corp. • Quality Inn • The Citizens' Bank shares stabilize, as they seem to have done, and AT&T can continue to improve margins on its sales of traditional telclcommunications equipment, they could turn out to be a good performer when the economy pulls out of its current slump. John went on to say that AT&T's near term earnings could suffer if NCR is acquired. Assuming a $6 billion price tag, profits could approximate $2.75 per share in 1991, Bain estimates. A higher price for NCR would mean proportionately lower earnings. I prefer to look at the longer term and look past the short term drop in earnings, but for the shorter term AT&T may no longer qualify as a stock suitable for "widows and orphans", like it was before the court mandated break up in 1984. In other words, the slock could well become a more volatile and less reliable market performer than conservative investors can stand. Also,it is possible that dividend growth would not be in the cards for some time. For the near term, analyst Bain In an effort to help members of Delta Company of the 48th Brigade of the National Guard Keep up with happenings at home while they are on active duty, The Houston Home Journal, along with leading members of the business suggested switching out of AT&T and into GTE or one of the "Baby Bells" such as Bell South or Amcritcch. Please give me a call at 923-991 X) if you need to discuss AT&T or any other investments. As with any advise offered in this column, sorry, but there are no guarantees as to eventual outcomes. Be sure to consult a trusted advisor before acting. 1 hope all had a wonderful Christmas and may 1991 bring health, happiness and prosperity to all. Have a great New Year. Jack Willy is a registered representative with Investment Management & Research, Inc., a member of NASD/SIPC. IM&R is an affiliate of Raymond James & Associates, Inc., a New York Stock Exchange Firm. IM&R has offices in Warner Robins and Perry. Area Births Carter daughter born Christina Noel Carter was born on December 20 in Taylor Regional Hospital in Hawkinsville to Paula and Rob Carter of Perry. Her sister is Jessi and her brother is Dallas. Grandparents arc Thomas and Elizabeth Hill of Elko and David and Marlene Carter of Perry. Great grandparents arc Jeanette Vowel of Philadelphia, Miss., Floyd and Dorothy Carter of Bradford, Penn, and Pauline McDowell of Elko. Son born to Pearce Robert Dalton Pearce was born on December 19 in Houston Medi cal Center of Warner Robins to Jamie and Robert Pearce of Perry. Grandparents arc Jim and Kalhie Kueven of Millcdgcvillc, Jerry and Mabel Moss of Perry and Louis and Maryann Pearce of Swainsboro. Great-grandparents are Earnestine and Claude Davis of Kathleen and Elsie Kueven of Hawkinsville. Toomer daughter born Shanlcll Eugenia Toomer was born on December 18 in Perry Hospital to Joanne Toomer of Perry. Grandparents arc Mr. and Mrs. Charles Green of Perry. Wishing You Fun ri v In V1! \ WOODRUFF AUTO SALES ANO M’ AUTO mm RENTAL!! 912 Commerce St. at Washington St Downtown Perry * 987-0053 TO SUBSCRIBE TO THE HOME JOURNAL, CALL 987-1823 THANK YOU for the biggest and best year ever! Happy New Year 1991 community listed above, is providing each soldier with a free subscription to their hometown newspaper. The courtesy subscriptions are being mailed to the soldiers until they return home.