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AT&T TO LAUNCH PROXY FIGHT FOR NCR

American Telephone & Telegraph Co. Sunday said it plans to start a proxy fight to wrest control of NCR Corp.'s board of directors as it tries to buy the computer maker for $6.1 billion.

AT&T announced it would try to oust the directors three days after NCR's board unanimously rejected a $90-per-share cash tender offer from the phone company.

The move to unseat the board was widely seen as AT&T's logical next step after NCR rejected the offer and amended a lawsuit alleging that AT&T's Securities and Exchange Commission filings for its tender offer violate federal securities law.

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