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(Full text of statement. Contact details below.)
NEW YORK--(BUSINESS WIRE)--Nov. 30, 2005--One of the most-recognized ticker symbols in the global investment community will return to the Dow 30 tomorrow as the new AT&T begins trading under the legendary "T" symbol on the New York Stock Exchange.
The decision to adopt the "T" ticker symbol reflects both the rich heritage of the combined enterprise as well as its commitment to lead the next major shift in communications technology -- the transformation to integrated solutions based on Internet Protocol.
"Our stockholders can be confident that we will maximize the unique opportunities we have as a combined enterprise to deliver great value and lead the industry forward," said Edward E. Whitacre Jr., chairman and CEO of AT&T Inc.
"Our commitment to innovation, combined with an outstanding record of execution and excellent financial strength, strongly position the new AT&T to lead our industry in the years ahead," said Whitacre.
The "T" symbol is widely recognized by investors. It also is closely associated with the AT&T brand, which is far and away the most-recognized communications brand in the U.S. and around the globe, according to research.
The "T" symbol was used by AT&T Corp. before its acquisition by SBC Communications Inc. AT&T Corp. was a member of the Dow 30 until April 2004. SBC, which changed its name to AT&T Inc. after the transaction closed Nov. 18, had traded under the "SBC" ticker symbol. SBC had been included in the Dow 30 listing, long considered an important barometer of the stock market, since November 1999.
Source: HighBeam Research, NEW AT&T TO BEGIN TRADING UNDER "T" TICKER SYMBOL.