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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. |
