Interesting article that I don't quite understand:
Cingular Wireless to Become AT&T
Being a former AT&T Wireless customer who vowed
never to go back to their shitty service and hidden fees, I just read that
Cingular
will adopt the AT&T name... again. Good god NO! Why take
on a brand who's reputation is synonymous with the slimy substance that
oozes out of dead rats?
Thanks to
SBC, who owns a 60% stake in
Cingular, who is finishing up a $16 billion dollar merger, former
AT&T Wireless which is now called Cingular will now be called AT&T. WTF? So let
me see if I have this straight:
- Cingular buys out AT&T wireless; adopts the Cingular name.
- SBC (which has 60% stake in Cingular) buys out AT&T; adopts
the AT&T name and announces Cingular take on the name as well.
When you take a step back and look at it, did AT&T just buy themselves?
I hate mergers!