said by NormanS:said by WhatNow:This is correct info that few people know. Several other big companies were in the same boat but won their cases. The AT&T name was bought by the baby bell SBC for PR reasons after AT&T went bankrupt.
I am trying to find the bankruptcy filing for AT&T. It appears that AT&T took a hit when Worldcom filed for bankruptcy, but ...
I don't think you'll find one. I don't recall AT&T ever filing for bankruptcy. They were getting close, tho.
said by NormanS:I suppose "PR" is the short of it.
My take has always been SBC figured to kill two birds with one stone: Lose the bad image they had and gain the cachet of being "AT&T."
And it worked, after a fashion. Many, perhaps most, non-TelCom people I talked to thought AT&T had bought SBC, et al. Of course, eventually people figured it out, because SBC didn't actually change anything except their name.
said by NormanS:But SBC re-branded as AT&T, then bought Bellsouth on the heels of the AT&T buyout.
Close. SBC re-branded itself as "AT&T," then bought-out BellSouth's share of Cingular and renamed it "AT&T Wireless," then borged BellSouth.
Jim