News
News
7/25/2002
02:55 PM
Connect Directly
RSS
E-Mail
50%
50%

AT&T Loss Isn't So Bad

AT&T appears to be on solid financial footing despite reporting a $12.7 billion loss last week for its second quarter, ended June 30. The loss resulted from $13.1 billion in charges AT&T took to reflect lower valuation of its broadband cable-TV business. Revenue came in at $12.1 billion, down 8.7% from the same quarter a year ago, mainly because of declines in AT&T's long-distance voice business, offset by increases in data, IP, and managed services.

"AT&T is looking pretty solid, despite the losses," says Kate Gerwig, principal analyst at Current Analysis. "If you're looking for stability, then AT&T's one of the top telecom companies out there right now."

Comment  | 
Print  | 
More Insights
IT's Reputation: What the Data Says
IT's Reputation: What the Data Says
InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Must Reads Oct. 21, 2014
InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
A roundup of the top stories and trends on InformationWeek.com
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.