So back in the early 90's when I was dating stockbroker boyfriend who used to wake me up in his luxury high rise apartment so he could watch the opening of the stock exchange, we often talked about what else, stocks. I told stockbroker guy, who was managing millions of dollars of retirement portfolio funds at the time, to hang onto his AT&T stock. I told him AT&T stock was a good investment, even though at the time AT&T was in divestiture at the time and was selling off parts of the company. The jewel of the company, the AT&T labs, would be left intact with the company.

Well it's like so many years later, and AT&T is once again making the news first with the purchase of SBC and now with the announcement today of the purchase of BellSouth.

Even though stockbroker boyfriend wasn't a very good match, way too much alcohol and partying for my taste, I know he kept his AT&T stock even though he really, really wanted to unload it. I hope he's happy now that he followed my advice.