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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: bananawind who wrote (378)	7/29/1999 3:43:00 PM
From: DaveMG	Read Replies (1) \| Respond to of 13582

July 29, 1999 Wireless accountable for much of AT&T's sales growth NEW YORK—AT&T Corp. announced revenues for the second quarter ended June 30 increased from $13.2 billion in the second quarter of 1998, to $15.7 billion this year. The company reported earnings of $1.6 billion, or 49 cents per share, compared with $1.5 billion, or 54 cents per share, reported for the same time the previous year. The decline in earnings per share was due mainly to AT&T's merger with Tele-Communications Inc.. Wireless services grew second-quarter revenues 42.4 percent, adjusted for the acquisition of Vanguard Cellular Systems in May, and the October 1998 sale of AT&T's messaging unit. ‘‘AT&T's strong second-quarter earnings reflect steady progress in executing our strategy,'' said AT&T Chairman C. Michael Armstrong. ‘‘We met investor expectations by delivering revenue and earnings growth for the sixth quarter in a row. In fact, two of our growth businesses, AT&T Wireless and AT&T Solutions, grew revenues more than 40 percent each.'' RCRNews