Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 268.87

+4.6%

Jan 2 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StanX Long who wrote (61293)	3/3/2002 10:10:46 PM
From: StanX Long	Read Replies (1) of 70976

AT&T Wireless Cuts 2002 Forecast; Buys Out Venture (Update7) By Jonathan Make quote.bloomberg.com Redmond, Washington, March 1 (Bloomberg) -- AT&T Wireless Services Inc. reduced sales and cash flow forecasts for this year after the third-largest U.S. mobile-telephone company trimmed prices to win customers. The company also is paying $285 million to buy the rest of a wireless venture in Philadelphia. The company said wireless sales, excluding its purchase of TeleCorp PCS Inc., will rise by a ``low double digits'' percentage. Growth will be in the ``low teens,'' spokesman David Caouette said. The shares fell 15 percent to a record low. Chief Executive John Zeglis, like his rivals, is boosting free minutes to gain or keep business as subscriber growth slows. Customers' average monthly bills for local calls have fallen 22 percent since 1994 to $45.56 last year, according to the Cellular Telecommunications and Internet Association, a lobbying group.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next