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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 3013 |
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AT&T's third quarter revenues, totaling $16.97 billion, increase only slightly by 3.7%. However, the earning 38 cents per share were down 24% compared to the same period a year ago. The breakup was to give the individual companies more flexibility in raising money for repaying debt or for acquisitions as well to boost the company's stock price by separating the various divisions into more easily understood stand-alone business...
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The breakup was to give the individual companies more flexibility in raising money for repaying debt or for acquisitions as well to boost the company's stock price by separating the various divisions into more easily understood stand-alone business. Given the disappointing performance of the AT&T, few analysts expected that valuations would be higher just because they were managed as separated business...
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