ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

PCTEL Lowers 1Q Revenue Target On Delayed Carrier Spending

DOW JONES NEWSWIRES PCTEL Inc. (PCTI) lowered its revenue target for the first quarter, saying delayed spending by wireless carriers has hindered its order rate during the period. The company, which makes antenna and scanning receiver products, said the delays have resulted in order flow for its scanning receiver product line to run at approximately 60% of its historical run rate. As a result, the company expects to record revenue of $16.5 million to $17.2 million in the first quarter, down from the $19 million to $20 million it had previously expected. "This reflects carrier decisions regarding budget release and the timing of market by market LTE rollouts rather than an industry contraction," said Chairman and Chief Executive Marty Singer. A number of U.S. carriers, including Sprint Nextel Corp. (S) and AT&T Inc. (T), have been spending heavily to roll out faster fourth-generation networks known as 4G LTE. Carriers are trying to convert customers to the speedier network because it requires less capacity to deliver data and can free up constraints on their older 3G and 2G networks. Shares of PCTEL closed Thursday at $6.95 and were inactive in premarket trade. The stock is up 1.6% since the start of the year. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

Stock News for Att (T)
DateTimeHeadline
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/16/201400:40:05Apple Reports Record Preorders for New iPhone
09/11/201422:20:29Asian Shares Rise as Nikkei Pushes Higher
09/09/201401:57:21Amazon to Offer Fire Phone for 99 Cents
09/09/201401:56:53Amazon to Offer Fire Phone for 99 Cents With 2-Year Contract
09/07/201420:13:26New iPhone Faces Risk as Carriers Phase Out Subsidies
09/04/201400:00:25Bank of Japan Stands Pat on Policy
09/02/201402:05:46Australia's RBA Holds Interest Rates Steady
08/13/201421:02:04Telstra to Buy Back Up to A$1 Billion of its Shares
08/06/201414:15:12AT&T Considering Purchase of Houston Sports Channel -Bloomberg
08/06/201407:50:10Dish Network Swings To Profit
07/27/201406:18:09MARKET SNAPSHOT: What The M&A Surge Says About The Stock Market
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
07/23/201419:06:35Otter Media Near Deal for Majority Stake in Fullscreen -Re/code
07/23/201416:21:07MARKET SNAPSHOT: S&P 500 Closes At Record On Strong Earnings
07/23/201412:07:40MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Sets Intraday Record
07/23/201410:20:13MARKET SNAPSHOT: U.S. Stocks Inch Higher; Boeing Weighs On Dow
07/23/201409:50:41MARKET SNAPSHOT: U.S. Stocks Open Higher; S&P 500 At Record
07/23/201409:42:33MARKET SNAPSHOT: U.S. Stocks: Futures Higher After Strong Earnings
07/23/201407:03:16MARKET SNAPSHOT: U.S. Stocks: Futures Higher; Boeing Ahead

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad