AT&T Reports Slowdown in Consumer Business
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AT&Tâs shares tumbled after its chairman and chief executive, Randall Stephenson, said the telecom carrier is experiencing some slowdown in its consumer business segments.
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The semiconductor industry is showing the first signs of slowing growth, trimming purchases of raw materials and production equipment as demand slows, industry executives and analysts said on Tuesday.
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com. AT&amp;T Wireless announced a drop in sales and profits, as it moved closer to its planned acquisition by Cingular Wireless. The firm earned $117 million on revenues of $4.
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut about 7,000 jobs and reduce the value of its assets by $11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.
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AT&T Corp. on Thursday reported a net loss of $7.1 billion, or $8.95 per share, for the third quarter of 2004, but that loss included asset re-evaluation and other charges of $12.5 billion.
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Three of the nation's dominant local  telephone companies said on Thursday that they had seen a sharp  drop-off in new residential lines leased to competitors since  AT&T Corp. T.N announced a retreat from residential service  in July due to changing federal rules.
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Intel (INTC ) and AT&amp;T (T ): The two icons of American business are both a bit down on their luck these days. In the past five years AT&amp;T has plunged from its perch as one of the world&#39;s most powerful communications
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AT&amp;T Corp. swung to a third-quarter loss of $7.1 billion after recording huge charges related to the company&#39;s retreat from traditional telephone services, which has included at least 7,500 more job cuts and
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The semiconductor industry is showing  the first signs of slowing growth, trimming purchases of raw  materials and production equipment as demand slows, industry  executives and analysts said on Tuesday.
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The pace of growth in U.S. service  industries slowed in September and pricing power ebbed,  according to a report on Wednesday that showed a key service  sector index falling to its lowest since April 2003.
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Lately, the company's retail operation has been lagging behind sales of its locations.
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AT&T Inc  Chief Executive Randall Stephenson said on Tuesday the phone company was experiencing softness in its consumer business, sending its shares sharply lower in late-day trading.
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AT&T Corp. T.N, the No. 3 U.S.  telephone company, on Thursday reported a $7.1 billion  third-quarter loss due to $12.5 billion in charges for cutting  asset values and jobs after its retreat from consumer services.
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AT&T Inc  said on Tuesday it saw  softness in its consumer business, spooking investors who  thought telecoms would be sheltered from the U.S. economic  slowdown and helping drive the Standard & Poor's 500 stocks  index to its worst five-day start to a year ever.
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Revenue from its basic phone service is slipping as consumers make more cellular calls and experiment with upstart Internet-based phone providers.
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Businesses buying more machines as consumer growth slows
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Consumers shelled out for electronics, especially TVs, but growth over the previous year slowed.