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1 edit | 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. 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.
-- "Fascism should more properly be called corporatism because it is the merger of state and corporate power." -- Benito Mussolini
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