Wall Street to Main Street: News, Views and Commentary: March 6, 2006


NEW YORK, NY, (NAMC) – It’s Monday March 6, 2006, and the big news this morning is in the telecommunications industry. This past weekend telecommunications giant AT&T (NYSE: T) has made strides to expand their reach and regain their dominance in the telecommunications industry.

AT&T has agreed to purchase BellSouth (NYSE: BLS) for over $67 billion in an effort to fully acquire Cingular Wireless, which they own a portion of currently.

On the heels of launching the biggest advertising blitz in the history of AT&T they are continuing to follow through with an acquisition that would give them tremendous presence in the southeastern United States.

As part of the deal BellSouth will receive 1.325 shares of AT&T common stock for each common share of BellSouth. Based on AT&T’s closing stock price on March 3, that equals $37.09 per BellSouth common share, a 17.9-percent premium.

So what is the next step, well Verizon (NYSE: VZ) may start to step up their acquisition and strategic alliance efforts as this new combination of AT&T and BellSouth just tightens the playing field and puts telecommunications in play.

You could expect both Verizon and AT&T to begin looking at international telecommunications companies as well as smaller U.S. based ones.

We’ll begin to feature some of these potential acquisition candidates this week on Wall Street to Main Street.

Research in Motion and NTP Settle

In a case that would have shut down millions of mobile devices that utilize Research in Motion’s (NASDAQ: RIMM) popular BlackBerry service has finally been settled.

Late Friday both Research in Motion (RIM) and NTP agreed to a resolution that will end the patent litigation that is currently pending in the United States District Court for the Eastern District of Virginia.

RIM has agreed to pay NTP over $612 million and NTP has agreed to grant RIM a license that would keep BlackBerry service alive and well.

This is good news for BlackBerry users this morning that were looking to ditch the BlackBerry for the Palm (NASDAQ: PALM) Treo.

Now the fallout will be with Palm as investors were looking at the BlackBerry shutdown as a big opening for Palm to capture additional market share. This puts a wrinkle in that possibility, but do not rule out a potential acquisition for Palm, or of Palm, Microsoft (NASDAQ: MSFT) is in the process of preparing to launch their own mobile units and operating system, so it may make sense for them to acquire an existing business as opposed to trying to build it themselves.

Expect Research in Motion to trade higher in this trading session and you may see Palm slip a little bit as investors that were involved in the stock for the blackberry news will probably be getting out.

Alanco Technologies Slips

The prison technology company Alanco Technologies (NASDAQ: ALAN) slips into the 40 cents range and comes dangerously close to their 52 week low.

Bare in mind that the company is currently not in compliance with Nasdaq trading requirements, the stock needs to trade above $1 a share for 10 consecutive trading days and they are far away from that number.

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