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AT&T Inc. (T)

  • Jan. 14, 2011, 10:04 AM
    Experts speculate Apple (AAPL -0.2%) redesigned the iPhone 4 for Verizon (VZ -0.2%) with multiple cellular antennas, presumably to avoid the "death grip" problem that plagued AT&T (T +0.4%) last summer with lost calls. Verizon no doubt has learned what to avoid. A survey says AT&T, given its spotty service, will lose 26% of its iPhone users to Verizon.
  • Jan. 14, 2011, 9:15 AM
    Sources claim Research in Motion's (RIMM +0.1%) PlayBook tablet is in volume production and Q1 shipments will top 1M units. A Wi-Fi enabled PlayBook will launch in March, before RIM and partner Sprint (S -0.6%) unveil a 4G-enabled version in Q2.
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  • Jan. 13, 2011, 1:48 PM
    JPMorgan launches telecom coverage on 14 stocks, noting Sprint (S +0.7%), through its operational turnaround, has the "largest potential upside" over the next 3 years. But AT&T (T -0.3%) and Frontier (FTR +0.1%) have the highest cash flow yields. Overall, telecoms are seeing strong cash flow in 2011.
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  • Jan. 13, 2011, 9:23 AM
    AT&T (T) says it will take a pre-tax charge of $2.7B, or $0.28/share, in Q4 because of a change in how it accounts for gains and losses for pensions and other retirement benefits. T +0.6% premarket. (PR)
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  • Jan. 13, 2011, 8:52 AM
    Speculation begins that Hewlett-Packard's (HPQ) Feb. 9 webOS event will mark the launch of a Palm tablet PC, and possibly even an entire family of connected devices. The public has heard little about H-P's plans for webOS since buying Palm. This may be a cause for hope - or indicate the platform will be buried.
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  • Jan. 12, 2011, 2:59 PM
    Verizon's (VZ +0.1%) deal for the iPhone (AAPL +0.6%) took 4 years of wrangling over branding, revenue sharing, and quality measures. Clearly, any rival wanting to break into the exclusive iPhone club will have to endure a few hurdles to get there. That alone may give AT&T (T +0.6%) and Verizon some extra breathing room.
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  • Jan. 12, 2011, 12:20 PM
    Given the vastness of the rebounding tech sector, Tom Lydon offers a quick way to get exposure to the key subsectors. He suggests iShares Dow Jones U.S. Technology Sector Index Fund (IYW); Technology Select Sector SPDR (XLK); and PowerShares QQQ Trust (QQQQ). They all contain mainstays like Apple (AAPL) and Google (GOOG).
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  • Jan. 12, 2011, 10:50 AM
    The Verizon (VZ) iPhone 4 (AAPL) may resemble AT&T's (T) version, but the guts are quite dissimilar, in part so the device can run on Verizon's CDMA network. This also means Verizon's iPhone can't transmit voice and data simultaneously, and it won't work in as many countries as AT&T's GSM-based device does.
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  • Jan. 12, 2011, 10:00 AM
    Goldman Sachs downgrades AT&T (T +0.5%) to Neutral from Buy, given Verizon (VZ) is now officially an iPhone (AAPL +0.4%) reseller. For 2011, it believes Verizon's proportionate revenue growth will surpass AT&T's by 4.6%. But Piper Jaffray also is Neutral on Verizon, believing it won't "steal an excessive number" of AT&T customers.
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  • Jan. 12, 2011, 9:33 AM
    Deutsche Bank downgrades Verizon (VZ +0.8%) to Hold, based on limited potential upside to the stock, preferring AT&T (T) as a Buy. But Goldman upgrades Verizon to Buy from Neutral, claiming Street estimates don't fully reflect 2011's wireless opportunity, and there will be continued share price outperformance.
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  • Jan. 12, 2011, 8:15 AM
    Following on from Goldman's bullish call on stocks and the economy, its top picks for 2011 - a year it says will favor cyclicals: XOM, AAPL, GE, IBM, CVX, JPM, WFC, BAC, BRK.B and INTC. Should-avoids: MSFT, GOOG, PG, T, JNJ, KO, PFE, ORCL, WMT and MRK.
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  • Jan. 11, 2011, 3:43 PM
    Verizon (VZ) may spend $3B to $5B in subsidies to move its iPhone 4 (AAPL), so while the device may win it subscribers from AT&T (T), it will also crimp its own profits. "You basically write customers a $400 check," says UBS. Verizon earnings will drop to $2.20/share in 2011, from an estimated $2.26/share in 2010, says UBS.
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  • Jan. 11, 2011, 3:08 PM
    The fact that Verizon's (VZ) iPhone 4 (AAPL) won't exploit the carrier's 4G LTE network may boost Motorola Mobility (MMI) long term, says C.L. King. In Q2, Motorola will field a Droid Bionic phone and the Xoom tablet, both optimized for Verizon's LTE. After an operating loss in Q1 because of the new iPhone, these devices might let Motorola rebound.
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  • Jan. 11, 2011, 1:17 PM
    The recent drop in the share prices of Verizon (VZ -2%) and AT&T (T -1.8%) is perhaps more about investors attempting "to figure out the impact of the Verizon iPhone (AAPL -0.3%) than the long-term financial and dividend picture for those two companies," notes Richard Shaw. What counts most is data delivery - not declining wireline revenue.
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  • Jan. 11, 2011, 11:36 AM
    Verizon Wireless (VZ, VOD) will sell the iPhone 4 (AAPL), a rebranded version of the existing device, starting on February 10, at a base price of $200. The data plan pricing info wasn't publicly available yet. The move most likely will squeeze AT&T (T -1.3%), which has been mocking Verizon's network capability.
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  • Jan. 11, 2011, 11:13 AM
    After much speculation and anticipation, Verizon (VZ -1.9%) makes it official: the Verizon iPhone 4 (AAPL -0.3%) is coming early next month. Verizon has been preparing the launch carefully, testing its network to make sure it has adequate spectrum, says Verizon Wireless CEO Dan Mead.
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Company Description
AT&T Inc, through its subsidiaries and affiliates, provides wireless and wireline telecommunications services in the United States and internationally. The Company has three reportable segments: Wireless, Wireline, and Other.