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

Sprint Chairman: Share Value Disappointing, Defends IPhone Deal

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Sprint Nextel Corp. (S) Chairman James Hance said the board of directors was disappointed with the carrier's share performance and defended the deal with Apple Inc. (AAPL) to buy at least $15.5 billion worth of iPhones over the next several years. "The stock is not where we want it to be," Hance said at the company's annual meeting Tuesday. "Your frustrations are keenly felt." Sprint's share price fell 45% last year, though it gained 6.8% this year through May 14. Hance said Sprint's iPhone deal was necessary to compete with larger rivals AT&T Inc. (T) and Verizon Wireless. Sprint, which began offering the popular smartphone for the first time in October, has said it won't make a profit on the deal until 2015. Sprint Chief Executive Dan Hesse agreed this month to cut $3.25 million from his compensation package after shareholders complained that the formula to determine his pay package didn't account for the hefty upfront expense of carrying the iPhone, which has some of the highest subsidies in the industry. Before that, the company had agreed to boost Hesse's 2011 total pay by 31% to $11.9 million. Hesse told shareholders Tuesday that the iPhone helped limit customer turnover, provide protection against litigation over Google Inc.'s (GOOG) Android operating software, and allowed it to trim a costly loyalty program put in place to prevent customers from leaving for other carriers offering the device. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Att (T)
DateTimeHeadline
10/23/201419:33:14Will Free Data Become the Next Free Shipping?
10/23/201409:49:25U.S. Hot Stocks: Hot Stocks to Watch
10/21/201417:47:09Correction to AT&T Earnings Preview Story
10/21/201417:35:09AT&T Earnings Still Intertwined with iPhone -- Earnings Preview
10/19/201405:47:20MARKET SNAPSHOT: More Than 1/3 of Dow Stocks To Report This Week
10/17/201415:00:10New iPad Lets Users Swap Data Plans
10/14/201408:36:34Iliad Drops Plan to Acquire T-Mobile US -- 5th Update
10/13/201417:35:47Iliad Drops Plan to Acquire T-Mobile US -- 4th Update
10/09/201420:29:15Pay TV's New Worry: 'Shaving' the Cord
10/07/201404:12:35Spirent Shares Fall as Customer Merger Activity Hits Revenue
10/07/201402:00:11Australia's RBA Holds Rates Steady
09/30/201403:30:14Reserve Bank of India Holds Rate
09/24/201419:56:57BlackBerry Unveils Its Passport Smartphone
09/22/201421:30:21RadioShack Supplier Declined to Help Rescue Effort
09/22/201414:09:34AT&T-Chernin Venture to Buy Fullscreen Stake -- Update
09/22/201411:40:04AT&T Venture Agrees to Buy Majority Stake in Fullscreen
09/22/201411:28:51AT&T-Chernin Joint Venture Agrees to Buy Majority Stake in Fullscreen
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

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