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

To: Cooters who wrote (5620)	1/25/2000 9:45:00 AM
From: slacker711	Read Replies (2) \| Respond to of 13582

Hi Cooters....I couldn't find the exact numbers either. Amazing how when sub growth is going good it is all over the headlines but now that it is anemic I have to start searching through SEC filings <g>. Here is what I found.... AT&T From last quarter's SEC filing.... Total subscribers, including partnership markets in which AT&T does not own a controlling interest, were nearly 12 million at the end of the third quarter of 1999. The following article states that AT&T ended the most recent quarter with 12.2m subs.... zdii.com So they may have added as little as 200,000 subs....though who know what exactly "nearly 12 million" means. SBC The following article states 11.2m total subs...no details on additions. zdii.com Hope this helps.... Slacker

To: Cooters who wrote (5620)	1/25/2000 9:47:00 AM
From: Ruffian	Respond to of 13582

FOCUS-AT&T profits fall 42 percent (recasts, adds details throughout) NEW YORK, Jan 25 (Reuters) - Long-distance telephone company AT&T Corp. on Tuesday reported lower fourth-quarter profits but still topped Wall Street expectations, as acquisition costs and declining consumer sales offset strength in its wireless and cable television businesses. AT&T's (NYSE:T - news) earnings fell 42 percent, to $1.15 billion, or 36 cents a share, from $1.99 billion, or 75 cents a share, a year ago. Excluding several one-time items, operational earnings were $1.84 billion, or 57 cents a share, down 16 percent from 68 cents a share a year ago. The operating results beat Wall Street expectations of 55 cents a share, according to research firm First Call/Thomson Financial. Shares of AT&T, the No. 1 U.S. long-distance telephone company, were trading at $51 on the Instinet electronic broker system, up from a Monday close at $50.50. Fourth-quarter pro forma revenues grew 5.9 percent, to $16.34 billion from $15.42 billion a year ago. ''Today's results demonstrate we're delivering on our commitments to investors while aggressively executing our long-term growth strategy,'' said AT&T Chairman C. Michael Armstrong. ''In 2000, we'll continue to be focused on meeting our financial commitments, scaling our broadband and wireless operations, and accelerating growth throughout our business,'' he said. AT&T has been expanding in fast-growing businesses such as cable television, data and Internet services to offset its shrinking consumer long-distance business. During the fourth quarter, sales to businesses grew 6 percent, to $6.3 billion, while sales to consumers fell 4.5, percent to $5.4 billion. Wireless revenues, including AT&T's recent acquisition of Vanguard Cellular Systems, increased 41.6 percent to $2.1 billion. Wireless subscribers grew 33.4 percent to 9.6 million, and average revenue per user increased almost 11 percent to $66.80 a month. AT&T plans to launch a tracking stock for its wireless operations later this year. Revenues in the broadband unit, which includes its recent acquisition of cable television company Tele-Communications Inc., increased 7.9 percent to $1.5 billion. AT&T, which is set to become the No. 1 U.S. cable television operator through its planned purchase of MediaOne Group (NYSE:UMG - news), said it may take an unspecified charge in the first half of 2000 for costs related to its acquisitions and its plans to cut $2 billion in costs by the end of the year. AT&T's fourth-quarter operating expenses increased to $13.069 billion from $10.655 billion a year ago due to the acquisitions of Tele-Communications and International Business Machines Corp.'s (NYSE:IBM - news) global data network.