Siting sources close to the negotiations a number of news organizations are reporting today that SBC has dropped out of the bidding for DirecTV.
SBC Drops Out of Bidding for Hughes and DirecTV. SBC Communications dropped out of bidding for Hughes Electronics and its DirecTV satellite television operation. By Andrew Ross Sorkin. [New York Times: Technology]
http://www.bayarea.com/mld/mercurynews/business/5539187.htm [San Jose Mercury News]
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