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
07/02/201515:57:59Statement of Changes in Beneficial Ownership (4)
07/02/201515:56:39Statement of Changes in Beneficial Ownership (4)
07/02/201515:55:43Statement of Changes in Beneficial Ownership (4)
07/02/201515:54:24Statement of Changes in Beneficial Ownership (4)
07/02/201515:53:05Statement of Changes in Beneficial Ownership (4)
07/02/201515:51:51Statement of Changes in Beneficial Ownership (4)
07/02/201515:50:57Statement of Changes in Beneficial Ownership (4)
07/02/201515:49:38Statement of Changes in Beneficial Ownership (4)
07/02/201515:48:46Statement of Changes in Beneficial Ownership (4)
07/02/201515:47:28Statement of Changes in Beneficial Ownership (4)
07/02/201515:45:19Statement of Changes in Beneficial Ownership (4)
07/02/201515:43:34Statement of Changes in Beneficial Ownership (4)
07/02/201515:40:33Statement of Changes in Beneficial Ownership (4)
07/02/201508:41:062 High-Dividend Telecom Stocks to Buy, and 1 to Avoid
07/01/201511:50:04CBS, AT&T Reach New Distribution Deal
07/01/201511:39:05CBS, AT&T Reach New Distribution Deal
07/01/201511:29:50CBS, AT&T Reach New Distribution Deal
06/29/201517:21:34Current Report Filing (8-k)
06/29/201516:57:028 Charts to Celebrate the iPhone's 8th Birthday
06/29/201516:20:22Barclays Names Former Dallas Fed President Fisher as Adviser

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