*Pages 1--2 from Microsoft Word - 21840.doc* NEWS Federal Communications Commission 445 12 th Street, S. W. Washington, D. C. 20554 This is an unofficial announcement of Commission action. Release of the full text of a Commission order constitutes official action. See MCI v. FCC. 515 F 2d 385 (D. C. Circ 1974). News Media Information 202 / 418- 0500 Internet: http:// www. fcc. gov TTY: 1- 888- 835- 5322 FOR IMMEDIATE RELEASE: NEWS MEDIA CONTACT: October 4, 2002 David Fiske at (202) 418- 0513 FCC ANNOUNCES PARTICIPANTS FOR EN BANC HEARING ON STEPS TOWARD RECOVERY IN THE TELECOMMUNICATIONS INDUSTRY Hearing Scheduled for Monday, October 7, 2002, 2: 00 PM Washington, DC – The Federal Communications Commission today announced the panelists appearing at the en banc hearing scheduled for Monday, October 7, 2002, on the financial state of the telecommunications sector and the steps needed to restore its financial health. The en banc hearing will be held from 2: 00 to 4: 00 pm at FCC headquarters, 445 12 th Street, SW, Washington, DC, in the Commission Meeting Room (Room TW- C305). The agenda and participants include: Opening Presentations A Macro Overview of the U. S. Economy Simon Wilkie, Chief Economist, FCC Overview of Financial Industry Basics Rob Gensler, Portfolio Manager, T. Rowe Price Panel Discussion: Restoring Financial Health to the Telecommunications Sector Robert Konefal, Managing Director, Corporate Finance Group, Moody’s Investors Service Barry Nalebuff, Professor, Yale University School of Management Hal Varian, Dean of School of Information Management and Systems, University of California, Berkeley Kim Wallace, Managing Director and Chief Political Analyst, Lehman Brothers Lara Warner, Director, Credit Suisse First Boston Larry White, Professor of Economics at New York University Stern School of Business The en banc is open to the public and seating will be available on a first come, first served basis. Audio/ video coverage of the hearing will be broadcast live on the Internet from the FCC website at www. fcc. gov/ realaudio. 1 For additional information, contact Robert Pepper at (202) 418- 2030 (voice); rpepper@ fcc. gov (email). - FCC - 2