GOLFnSUN
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ |  And here I thought they were making obscene profits
Where have all the obscene profits gone? Maybe they were never there, like the uninformed always claimed they were. Looks like AT&T needs to start upping their fees and building some cash in the bank in this coming time of tight credit. |
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sousademiami
join:2003-02-04
Miami, FL | Yep, and as soon as they hike those fees, the laid off employees will have no problem getting a job with the cable company, because AT&T will be losing even MORE customers to them.
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OASAASLLS |
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Ignite
Premium,VIP
join:2004-03-18
UK
clubs:
 ·BlueYonder Interne..
 ·Be There
2 edits | reply to GOLFnSUN
Re: And here I thought they were making obscene profits
said by GOLFnSUN  :Where have all the obscene profits gone? Maybe they were never there, like the uninformed always claimed they were. Looks like AT&T needs to start upping their fees and building some cash in the bank in this coming time of tight credit. Astroturfing, paying off policy makers, court cases and non-stop PR offensives are expensive you know.
Interesting I don't see Verizon wringing their hands over all this.
EDIT: Looks like AT&T do have cash in the bank, and apparently a strong cash flow, they have just been busily hoovering up wireless spectrum. I would have thought as a staunch capitalist you would have had some comments to make about a company living beyond their means and spending money they don't have.
quote:
AT&T has strong cash flow, which makes it less reliant on debt. But it's also paying for some big acquisitions of wireless spectrum this year. It had winning bids worth $6.6 billion in the latest auction by the Federal Communications Commission. By comparison, it had $1.6 billion in cash at the end of June.
Not like there was any lack of warning that the debt markets were drying up, AT&T just overspent and are now wringing their hands and crying 'woe are we'. A sadly all too common theme throughout corporations, banks and even government at the moment, be it overspending, overborrowing, or overlending. |
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nasadude
join:2001-10-05
Rockville, MD
·Comcast
| reply to GOLFnSUN
said by GOLFnSUN :Where have all the obscene profits gone? ... I don't know - you tell me:
quote:
AT&T’s (News - Alert) second quarter profit jumped 30 percent, powered by the addition of 1.3 million new wireless customers. As expected, landline losses accelerated: Legacy phone lines shrank 8.1 percent to 58.9 million total lines from 64.8 million.
landline and broadband declining, so ATT laying off workers in that area. Apparently, they are still making "obscene" profits in the wireless area so the money is going somewhere (shareholders and execs?). |
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NetAdmin
CCNA
join:2008-05-22
| reply to GOLFnSUN
Re: And here I thought they were making obscene profits
said by GOLFnSUN :Where have all the obscene profits gone? Maybe they were never there, like the uninformed always claimed they were. Sounds like someone hasn't read ATT's quarterly filings or earnings press releases...
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Drilling for more oil is akin to giving a methhead the keys to the meth lab. |
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asdfdfdfdfdfdf
@Level3.net
| reply to GOLFnSUN
They have been raising their fees.
I have nothing but a basic local voice line with them, no long distance, no add-ons like caller id, etc.
Jan 2007 this basic line was $18.70 / month. This fee or that fee has been going up ever since. My last bill was $26 for exactly the same service. There have been two different increases announced on each of my last two bills. There are few months where they aren't raising something. |
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KrK
Heavy Artillery For The Little Guy
Premium
join:2000-01-17
Tulsa, OK
·AT&T Yahoo
·AT&T DSL Service
·Cox HSI
·AT&T Southwest
1 edit | reply to GOLFnSUN
said by GOLFnSUN :Where have all the obscene profits gone? Maybe they were never there, like the uninformed always claimed they were. Looks like AT&T needs to start upping their fees and building some cash in the bank in this coming time of tight credit. They spent a ton of money monopolizing (buying out the other Telcos, wireless spectrum, etc etc.)
Oh they're still making a ton of money, they just got tripped up by the current credit crunch.
The layoffs will help make sure the profits stay obscenely high.
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"Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
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Tigerpaw509
Premium
join:2006-07-15
Huntley, IL | reply to sousademiami
Sorry but I aint gonna work for $13 a hour |
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sousademiami
join:2003-02-04
Miami, FL
·Comcast
·AT&T Southeast
| said by Tigerpaw509 :Sorry but I aint gonna work for $13 a hour Well then I hope you don't get laid off. Godspeed.
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OASAASLLS |
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