AT&T chief spooks Wall Street

Iria · Jan 9, 2008, 03:12 PM

Source: News.com
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AT&T's stock took a hit Tuesday after the company's CEO told investors that a weak economy is hurting the company's landline and broadband business.

Randall Stephenson, AT&T's CEO, said Tuesday during a Citigroup investor conference that the company was forced to cut off some of its broadband and landline customers in the consumer segment in the fourth quarter because they were not able to pay their bills. The news shook investors, and the stock dipped $1.87, or 4.5 percent, to $39.16 per share at the closing bell.

The_Neon_Cowboy · Jan 12, 2008, 12:53 AM

and yet i'm seeing advertisements for $13 for unlimited local call service? hmm...
competition and the prevelence of cell phones are more to blame me thinks

Jan 9, 2008, 03:12 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 74	AT&T chief spooks Wall Street Source: News.com _________ AT&T's stock took a hit Tuesday after the company's CEO told investors that a weak economy is hurting the company's landline and broadband business. Randall Stephenson, AT&T's CEO, said Tuesday during a Citigroup investor conference that the company was forced to cut off some of its broadband and landline customers in the consumer segment in the fourth quarter because they were not able to pay their bills. The news shook investors, and the stock dipped $1.87, or 4.5 percent, to $39.16 per share at the closing bell.

Jan 12, 2008, 12:53 AM	#2
The_Neon_Cowboy DriverHeaven Extreme Member Join Date: Dec 2002 Location: U.S.A. Posts: 16,135 Rep Power: 76 System Specs	and yet i'm seeing advertisements for $13 for unlimited local call service? hmm... competition and the prevelence of cell phones are more to blame me thinks __________________