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