-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BELtPI5ZBtN68UYrNs1hi+iJw4xaXasmbID+dSDTMhSw3QkuSBGON+rz8sLARX47 b9ufM5XmxxMfnQ99Uf4CHw== 0000005907-00-000043.txt : 20001222 0000005907-00-000043.hdr.sgml : 20001222 ACCESSION NUMBER: 0000005907-00-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20001220 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AT&T CORP CENTRAL INDEX KEY: 0000005907 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 134924710 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01105 FILM NUMBER: 793117 BUSINESS ADDRESS: STREET 1: 32 AVENUE OF AMERICAS CITY: NEW YORK STATE: NY ZIP: 10013-2412 BUSINESS PHONE: 9082214268 MAIL ADDRESS: STREET 1: 32 AVENUE OF AMERICAS CITY: NEW YORK STATE: NY ZIP: 10012-2412 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TELEPHONE & TELEGRAPH CO DATE OF NAME CHANGE: 19920703 8-K 1 0001.txt FORM 8-K REPORT SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: December 20, 2000 AT&T CORP. A New York Commission File I.R.S. Employer Corporation No. 1-1105 No. 13-4924710 32 Avenue of the Americas, New York, New York 10013-2412 Telephone Number (212) 387-5400 Form 8-K AT&T Corp. December 20, 2000 Item 5. Other Events. See Exhibit 99 to this Form 8-K. Item 7. Financial Statements and Exhibits. (c) Exhibits. 1. Exhibit 99.1 AT&T Corp. Press Release issued December 20, 2000. 2. Exhibit 99.2 AT&T Corp. Press Release Issued December 20, 2000 Form 8-K AT&T Corp. December 20, 2000 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. AT&T CORP. /s/ Marilyn J. Wasser ----------------------------------- By: Marilyn J. Wasser Vice President and Secretary December 20, 2000 EX-99.1 2 0002.txt PRESS RELEASE Exhibit 99.1 [GRAPHIC OMITTED] News Release - -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE: WEDNESDAY, DECEMBER 20, 2000 AT&T DECLARES NEW QUARTERLY DIVIDEND NEW YORK - AT&T's (NYSE-T) Board of Directors today declared a dividend of 3.75 cents per share payable February 1, 2001, to shareowners of record on December 29, 2000. The fourth-quarter dividend, as indicated in AT&T's October restructuring announcement, is a decrease from the previously paid quarterly dividend of 22 cents per share. "While we did not make this decision lightly, we believe it is necessary and in the best long-term interests of our shareowners to adopt a dividend policy comparable to the policies of our competitors," said AT&T Chairman C. Michael Armstrong. At the time of its restructuring announcement, AT&T said its Board would establish a capital structure and specific dividend policy appropriate to each of the four new AT&T companies. For example, the company said, AT&T Consumer is expected to allocate a greater portion of its earnings to dividends. AT&T's other businesses are expected to focus primarily on growth by reinvesting more of their profits over time. The company said it did not expect either AT&T Wireless or AT&T Broadband to pay a dividend in the foreseeable future. Noting that it is premature to declare future quarterly dividends, the company said the total dividend, which will be allocated between AT&T Business and AT&T Consumer, is expected in the aggregate to maintain the new quarterly amount announced today. AT&T said it expects the Consumer tracking stock to be distributed to shareowners in the second half of 2001. At that time, the Board will decide the specific dividend amount paid by AT&T and its Consumer tracking stock. In making that decision, the Board will consider each company's financial performance and on-going capital needs, the dividend policies and capital structures of comparable companies, and other factors deemed relevant. The foregoing are "forward-looking statements" which are based on management's beliefs as well as on a number of assumptions concerning future events made by and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside AT&T's control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of AT&T. # # # EX-99.2 3 0003.txt PRESS RELEASE Exhibit 99.2 [GRAPHIC OMITTED] News Release - -------------------------------------------------------------------------------- FOR RELEASE WEDNESDAY, DECEMBER 20, 2000 AT&T UPDATES FOURTH QUARTER GUIDANCE NEW YORK - AT&T (NYSE-T) today updated guidance regarding anticipated revenue and earnings for the fourth quarter of 2000. The company said its fourth quarter revenue growth would be lower than previously projected due to industry-wide factors affecting its Consumer and Business voice long distance business and changes in the anticipated signing of certain large network management contracts by its Solutions unit. Based on these trends, AT&T said it expects overall top-line revenue to grow 2.5 to 3 percent in the fourth quarter, compared to previous guidance of 4 to 5 percent. The company said Business Services revenue is expected to grow by about 1 percent, rather than the previously anticipated 2.5 percent, primarily as a result of changes in anticipated contract signings by its Solutions unit, but also due to industry-wide pricing pressures. AT&T said its Consumer Services revenue continues to be affected by slower than expected industry growth and increased technology substitution. As a result, Consumer Services revenue for the fourth quarter is expected to decline at a mid-teens rate, compared to the nearly 11-percent decline previously projected. AT&T noted it expects fourth quarter growth in data and Internet revenue will maintain its third-quarter growth rate of more than 20 percent. The company said its Broadband unit is expected to deliver similar or slightly improved fourth quarter revenue growth compared to its third-quarter rate of 10.8 percent. AT&T said its Wireless business is performing well relative to its expectation of reaching the high end of its 30-35 percent revenue growth target for the year. AT&T said it expects operational earnings per share for the fourth quarter to be in the range of 26 - 28 cents, compared to the 29 - 33 cents previously projected, and operational cash earnings per share to be in the range of 45 - 47 cents, compared to the previous forecast of 49 - 52 cents. AT&T is scheduled to release full fourth quarter results in late January, 2001, and expects to give further guidance on next year's expected financial results at that time. However, the company said that fourth quarter 2000 performance in Consumer and Business Services will likely impact some of the outlook measures for those businesses in 2001. The foregoing are "forward-looking statements" which are based on management's beliefs as well as on a number of assumptions concerning future events made by and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside AT&T's control, that could cause actual results to differ materially from such statements. For a more detailed description of the factors that could cause such a difference, please see AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of AT&T. # # # -----END PRIVACY-ENHANCED MESSAGE-----