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."
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.
Join us for a roundup of the top stories on InformationWeek.com for the week of December 14, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program.