Kathleen Pender: What happens if you merge a disappointment with a disaster? You get SBC-AT&T. In most corporate mergers, the shareholders of at least one company rejoice. But it’s hard to find a clear winner in the proposed acquisition of AT&T by SBC Communications. AT&T, the nation’s once-proud phone monopoly, is a shadow of its … Continue reading SBC & AT&T: A Merger of Disappointment with Disaster?