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• Dish: AT&T wants its money!

  Posted Jun 18 2008, 09:47 AM by Kim Peterson
  Filed under: DirecTV, Verizon, AT&T, Qwest, Dish Network

  

  A big setback for DISH Network has sent shares down 7% today. And while some analysts caution not to read too much into it, I say that DISH has plenty to be worried about.

  AT&T is forcing DISH to pay back $500 million in debt that was supposed to be due in July of 2010. DISH says it has the money to do so, and won't have to take out a loan. AT&T played down the move, telling the Wall Street Journal that the money "could be put to better use." But this is also a clear message that AT&T has no interest in acquiring DISH. AT&T shares fell less than 1% today.   Read More...

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• 8 famous companies that may vanish this year

  Posted Feb 12 2008, 06:53 AM by Douglas McIntyre
  Filed under: Microsoft, Yahoo, Motorola, Sprint, Verizon, AT&T, Qwest, Sears, Nortel
  Rating:

  Firestone. American Motors. Texaco. Pan Am. Worldcom. These large American companies were once at the top of their industries. Pan Am was the leading global airline for decades. All are gone: Some were sold off, others went bankrupt. Who could have predicted it?

  There are several iconic U.S. companies that may well not exist at the end of 2008. Some may not even make it halfway through the year. Not all will go out of business. Some may simply be auctioned off in pieces. Others may be bought. These companies will not exist in their current forms as they are known to their shareholders and consumers now.

  When a company ceases to exist as an independent entity, it is not necessarily bad for shareholders. Some may be worth more in parts. Often a bust-up or merger is what brings owners the most money. Here are the big ones that probably won't make it.  (A more detailed assessment is available at 24/7 Wall St.)   Read More...

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• AT&T hit for unplugging customers

  Posted Jan 09 2008, 12:57 PM by Kim Peterson
  Filed under: wireless, Verizon, AT&T, Qwest
  Rating:

  A fairly obvious consequence of a troubled economy: People can't pay their bills. And AT&T shares are suffering as a result.

  The company said Tuesday it had to disconnect more broadband and landline phone customers for not paying their bills. AT&T stock got punished in the market, dropping 9.5% on the news. Shares were down slightly today to $38.96.
  

  In an interesting sign of the times, AT&T CEO Randall Stephenson said the wireless side of the business was still OK. When the economy goes soft, people dump their landline phones first and hold on to their cell phones as long as possible, he said. In the old days, as News.com points out, people would never think about disconnecting their landline phone.   Read More...

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