Motricity (MOTR -33.3%) crashed to a mere $0.43 after disclosing AT&T is terminating a deal...

|By:, SA News Editor

Motricity (MOTR -33.3%) crashed to a mere $0.43 after disclosing AT&T is terminating a deal under which Motricity hosts Ma Bell's MediaNet and ATT.net portals in exchange for monthly fees. The deal accounted for 42% of Motricity's revenue over the first 9 months of 2012. An agreement by which Motricity manages AT&T's AppCenter (far from its most popular data service) remains in place.