| As Capitol Hill debates the regulatory implications
of AT&T Corp.'s plan to sell AT&T
Broadband -- the largest cable system in the country -- to Comcast Corp., the business is looking more like
a diamond in the rough for AT&T.
In first quarter 2002 results released Wednesday morning, AT&T said its net loss increased to $975 million, 28 cents a share, from
$192 million, 10 cents a share, in first quarter 2001. It also reported that its revenue fell to $12.02 billion, a drop of 8.4
percent on a pro forma basis, in the quarter. But the company laid most of the blame for the decline on its continuing struggles in
long distance voice services, noting that the revenue declines were offset by growth at AT&T Broadband, primarily in high-speed
data, telephony and digital video.
AT&T: Asia-Pacific: Asia Pacific:: International End-to-End Frame Relay Service. International End-to-End ATM Service. AT&T IP Enabled Frame Relay / ATM - International Service http://www.corp.att.com/apHOME | MORE THAN 12 MILLION AT&T, STARBUCKS CUSTOMERS TO GET FREE WI-FI ACCESS :: AT&T will soon extend the benefits of Wi-Fi at Starbucks to its wireless customers. Our work with Starbucks is collaborative innovation at its finest. http://www.starbucks.com/aboutus/pressdesc.asp?id=827HOME |
AT&T said AT&T Broadband recognized $2.44 billion in pro forma revenue in 1Q 2002, a 13.9 percent increase over 1Q 2001, adjusted
for significant cable acquisitions and dispositions, as well as the deconsolidation of Excite@Home.
AT&T also noted growth in data/IP/managed services and local services in its AT&T Business unit, though pro forma revenue declined 8
percent to $6.53 billion in 1Q 2002 as compared to 1Q 2001.
at (Unix) - Wikipedia, the free encyclopedia:: Windows NT/2000/XP also has an at command (similar to cron), but it is at · chroot · cron · exit · kill · killall · nice · pgrep · pidof · pkill · ps http://en.wikipedia.org/wiki/At_(Unix_command)HOME |
"AT&T Business experienced solid growth in packet and local services, despite challenging economic conditions," said AT&T Chairman
and Chief Executive Officer C. Michael Armstrong. He added, "And AT&T Broadband reached an important milestone as cable telephony
reached the EBITDA break-even point. The unit also hired and trained approximately 1,000 new customer service representatives and
added more than half a million new telephony, high-speed data and digital video customers."
AT&T - Wireless Service - Residential:: Sign up for AT&T Unity. Plans start at $59.99 per month. Includes AT&T wireless 5000 Nights and Weekend Minutes & unlimited Mobile to Mobile Minutes. http://www.att.com/gen/general?pid=7900HOME | iPhone Store Locator - Find out where to buy the iPhone exclusively at :: iPhone Store Locator. Find out which stores near you carry the iPhone exclusively from AT&T, formerly Cingular make sure iPhone is at the store closest to http://www.wireless.att.com/find-a-store/iphoneHOME |
Looking ahead, the company expects its second quarter revenue to decline another 8.4 percent, and also expects AT&T Broadband's
second quarter revenue to grow about 10 percent compared to 2Q 2001 -- growth which it expects will be the low point of the year for
the unit. It anticipates third and fourth quarter growth rates to increase from there, ending the year with full-year revenue growth
in the low double digits.
Meanwhile, senators are taking a hard look at the
proposed AT&T-Comcast merger. The senators have little official power over whether or not regulators approve the merger, though
regulatory and antitrust authorities do tend to pay close attention to lawmakers' wishes.
Tennis Anyone?
Another Weak Day For Stocks |