Faced with last week’s ruling that its proposed employee share ownership plan is illegal, and a decision by the Federal Communications not to challenge the bid from AT&T Co on anti-trust grounds, NCR Corp finally agreed late Sunday to meet AT&T Co to discuss the latter’s proposals – but no date for any meeting had been set by the time we closed yesterday, and it is not clear whether NCR is ready to open negotiations, or simply wants to make clear to its shareholders that it is not just being ornery. It says it wants to explain to AT&T why it is worth more than $100 a share. AT&T is not likely to offer much more than that.
