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story category Ma Bell Pinched By Souring Economy
Telco says business is slowing as recession looms
(old news - 06:29PM Tuesday Jan 08 2008)
tags: business · trouble · AT&T DSL Service
AT&T CEO Randall Stephenson today stated the company is seeing a slowdown in the consumer landline and broadband business. To blame? Service disconnections from customers not paying their landline and broadband bills. Stephenson's comment not only sent AT&T stock sliding 10% at one point today, it led a larger market drop.

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Sanford C. Bernstein analyst Craig Moffett, who can usually be found pushing cable stocks on any given afternoon, tells Reuters it's the first time the baby bells have admitted that an economic slowdown is impacting their bottom lines. Cable & satellite providers have been stating that credit troubles and a housing slowdown have resulted in fewer customers for a few months.

Merril Lynch today stated that the U.S. has officially entered its first full blown recession in sixteen years, something that should be reflected in fourth quarter earnings reports for most of this industry's major players over the next few weeks.

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ieolus
Support The Clecs

join:2001-06-19
Duluth, GA

AT&T

Maybe AT&T's business is slowing because people realize what a bad company it is and are punishing it for spying on us w/o a warrant?
--
"Speak for yourself "Chadmaster" - lesopp

Jeepin

@mycingular.net

Re: AT&T

I almost forgot this is an election year......
w4ncr

join:2000-10-27

Re: AT&T

Also maybe a lack of services like download and upload speeds, overcharging the Bellsouth customers.

en102
Canadian, eh?

join:2001-01-26
Valencia, CA
·RoadRunner Cable
·DSL EXTREME

Re: AT&T

Old school business, and not reacting to competition:

1. Charging expensive rates for POTS ($40/month + ~$16/month in fees). Call Vantage (not being promoted) is $25/month. Uverse VoIP has been trialled at $40/month... WTF are they thinking!

2. Non compeitive bundling. DSL is decently priced, however has restrictions (until recently, required POTS). VDSL internet requires TV subscription. Cable will sell you any of their services standalone.

3. Eavesdropping / content filtering (blue room and now Hollywood agreements). All bad news.
--
Canada = Hollywood North

Camelot One
Premium,MVM
join:2001-11-21
Sarasota, FL
clubs:

Re: AT&T

My "service" rate is under $11 a month. My "Fees, taxes, and surcharges" add $23, for a $34 bill. On an $11 service plan. Nothing like a 200% b*llsh*t tax to remind me why I use VoIP for my primary line.
--
Intel Quad Core QX6700 @3500Mhz/Asus P5N32-E SLI/4x 1024Mb Corsair/Seagate 750.10/PNY 7800GTs SLI/Silverstone 850W/Custom water cooler

SkyBlue

join:2007-03-31

said by w4ncr See Profile :

Also maybe a lack of services like download and upload speeds, overcharging the Bellsouth customers.
ATT & Mr. Martin (FCC) think as long as they are happy things will go good for them, as in getting there way.

But one thing they forgot in the equation is:

THE CUSTOMERS HAHA!! If the customers aren't there they are not going to be making money like they want to.

Once you make decisions based upon what you think is right and not the customers then you loose.

You need to adapt and adjust to the business environment.

The airlines need to do it all the time , stop re evaluate what the customer what's and can afford and adjust accordingly.

If customers want lower prices give them the most bang for there buck without falling over a sword doing it. In other words don't cut yourself.

But the Cash Rich organization (ATT) and others feel they can wait it out till they decide what they need to do.

When your slow to respond you loose your left leg. Instead of being a leg up in the business your bleeding and hurting because your loosing customers that's business.

People will pay what they can afford and what the most for there money.

This thing about well if ATT lowers there prices and gives more service support will stink or they will loose money somewhere else, that's not true.

They know how much they make on there products and they have been milking it for years with minimum investment.

Now Cable is forcing ATT to sell TV because there bread and butter is disappearing fast POTS & the mighty T-1 is not as necessary since DSL and Cable HSI came out. Only certain people need T-1's the majority don't have T-1's.

ATT if they have brains which I am sure they do will eventually use them. But only to the investors liking.
soothsayer15

join:2002-03-01
Irving, TX

said by ieolus See Profile :

Maybe AT&T's business is slowing because people realize what a bad company it is and are punishing it for spying on us w/o a warrant?
Wrong, but congratulations. You're the first to bash AT&T in this post. AT&T is falling because the rest of the economy is taking a hit. That's the main reason in a nutshell. What do you think happens to service in a house that's been forclosured on? Gets cancelled for non-pay. People are getting laid off from all industries as the economy takes a downturn, so they cut back to make ends meet. But you got your bashing in. Congrats (slow clap).

Anonymous_
Anonymous
Premium
join:2004-06-21
127.0.0.1
clubs:
·RoadRunner Cable
·Time Warner Cable
·Time Warner VOIP


2 edits

Re: AT&T

said by soothsayer15 See Profile :

said by ieolus See Profile :

Maybe AT&T's business is slowing because people realize what a bad company it is and are punishing it for spying on us w/o a warrant?
Wrong, AT&T is falling because the rest of the economy is taking a hit..
Wrong,AT&T is falling because the rest of the customers are changeing over to Voip & digital phone

Cause They are cheaper

who the f**k pay's 80$ for POTS ?? with very
very low sound & poor sound quality
soothsayer15

join:2002-03-01
Irving, TX

Re: AT&T

said by Anonymous_ See Profile :

said by soothsayer15 See Profile :

said by ieolus See Profile :

Maybe AT&T's business is slowing because people realize what a bad company it is and are punishing it for spying on us w/o a warrant?
Wrong, AT&T is falling because the rest of the economy is taking a hit..
Wrong,AT&T is falling because the rest of the customers are changeing over to Voip & digital phone

Cause They are cheaper

who the f**k pay's 80$ for POTS ?? with very
very low sound & poor sound quality
Really? Because the article stated that people weren't PAYING their bills. I don't think people that aren't paying are going to order up new service with someone else. Especially if they want to transfer their old number. Once your number is canceled you can't move it. The circular logic of some of you is astounding.

en102
Canadian, eh?

join:2001-01-26
Valencia, CA
·RoadRunner Cable
·DSL EXTREME

umm.. AT&T's voice has been $40/month unlimited for a few years
Then again, so has Comcast and TimeWarners.

What I don't get is why more people aren't jumping to Vonage/Skype/Call Vantage Voip for $25/month
--
Canada = Hollywood North

morbo
Complete Your Transaction

join:2002-01-22
00000
clubs:

Re: AT&T

or to pay as you go voip for $0 - $9/month.

i think people are afraid of change and of new technology.
NormanS
Premium,MVM
join:2001-02-14
San Jose, CA
911?

verolom

join:2002-03-23
Eagleville, PA

Re: AT&T

just scream louder, you might have better luck at getting help that way....

ib50MbSoon
Formerly TwoKDialup
Premium
join:2002-06-07
Coloma, MI
Exactly! I kicked the old AT&T copper to the the curb because 26-31K dialup just isn't very useful.

Comast Digital Voice - the difference is clear!
--
Comcast has spoiled me rotten!

deVOIP_DUDE

@sirf.com
DUH like - Dude, even with VOIP - you still need DSL. How do you plan to do VOIP without DSL ?

But if you have regular reliable analog line, why would you want to pay $$ a month to jump on VOIP?
shoan

join:2006-02-27
Benton, AR

Re: AT&T

I don't use DSL I use a local wireless ISP. It's great having the provider a fwe mins away where I can talk to them face to face, and not a faceless CSR in India. I gladly pay a bucks more a month for service that is local and I can get face to face with the admin if they are not doing thier job. So far they have been leaps and bounds ahead of anything I ever had with a phone company.

djjim

@bellsouth.net

I disagree. My household and those of 3 family members in NC have cancelled our landlines and dsl this past year. My father is next. We use voip, cell phones and cable internet. I would have stayed w/ dsl, but the Bellsouth dsl pices are higher then cable and 10-15% higher than at&t standalone dsl prices in the southwest region. Idiots!

mike12806
Premium
join:2007-08-28
Milton, MA
·Comcast


1 edit
Weird considering we had a 3% percent growth in the GDP last quarter, which was the largest in almost ten years I think? Wait....the biased media is pushing this "recession" into the minds of Americans everywhere. How about the fact that UVERSE was a MASSIVE technological mistake? I hate to stick up for Verizon here but ATT's half-a**ed FTTN over the FTTH decision was a huge mistake.

Idjk

@sprintlink.net

Re: AT&T

said by mike12806 See Profile :

the biased media is pushing this "recession" into the minds of Americans everywhere. .
I agree 1st the news jerks pushed the "housing crash" until it happened- now they are pushing for a "recession".
One wonders what could happen if the news jerks were to get positive about our economy and way of life.
Back to ATT this may also be some "early" poor mouthing before they start talks with CWA on contract which comes up in 2009.

amigo_boy

join:2005-07-22
Tempe, AZ
·Cox HSI
·magicjack.com

Re: AT&T

said by Idjk :

I agree 1st the news jerks pushed the "housing crash" until it happened- now they are pushing for a "recession".
Never underestimate the power of the media. Back in the early '90s, in the height of the gun control movement shock (tabloid) journalism was becoming mainstream. In Miami people were polled if violent crime was up or down. Something like 99% said "up" even though crime was down.

It was believed public perception was caused by a recent format change at a local teevee station, showing the same grisly details of the worst violent crimes *anywhere* in the country. The public was exposed to the same crime 20-30 times a day, with each 15-second teaser ad.

said by Idjk :

One wonders what could happen if the news jerks were to get positive about our economy and way of life.
They're just doing what pays the most. If positive stories attracted viewers, they'd do it. Instead, it's human nature to slow down and stare at auto accidents. Or, to watch the guy standing on the ledge, threatening to jump (instead of congregating to talk about the nice weather).

Capitalism at work. Unfortunately we all pay as people with a perverted view of reality express their opinions in polls (or ballots).

Mark
lesopp

join:2001-06-27
Land O Lakes, FL
If its the economy then why aren't all other telecoms experiencing similar losses?

Dogfather
Premium
join:2007-12-26
Laguna Hills, CA
No, all the providers are being hurt by the slowing economy. That is what the bullcrap class action suits against Comcast were about.

disconnected

@snet.net

Factor in the price of oil (which topped $100bbl last week), rising food prices, rising electricity prices and in general, rising costs of everything as a ripple effect from the rising oil prices, and I think that paints a pretty clear picture of why AT&T et al are seeing a slump in income. People just can't afford to pay their bills when most utilities of doubled in the past four years. Those that drive are pressed for the gas costs. Those that ride the train, well, NY just had a 33% increase in fares.

To quote Cheech & CHong "Things are tough all over."

cork1958
Cork

join:2000-02-26
Fruitport, MI
·Verizon Online DSL
·Charter Pipeline

Re: AT&T

said by disconnected :

Factor in the price of oil (which topped $100bbl last week), rising food prices, rising electricity prices and in general, rising costs of everything as a ripple effect from the rising oil prices, and I think that paints a pretty clear picture of why AT&T et al are seeing a slump in income. People just can't afford to pay their bills when most utilities of doubled in the past four years. Those that drive are pressed for the gas costs. Those that ride the train, well, NY just had a 33% increase in fares.

To quote Cheech & CHong "Things are tough all over."
Yep!
Plain and simple.

kingbobo

join:2003-01-21
Atlanta, GA
Excellent post!
tmc8080

join:2004-04-24
Floral Park, NY

key word: change

maybe it's that word we've been hearing about.. change
consumers may want to get service from service providers who deploy adequate networks, hmm.. value for the $ still might mean something!

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

Merril Lynch = Idiots

quote:
Merril Lynch today stated that the U.S. has officially entered its first full blown recession in sixteen years ...
First recession in 16 years?

Um hello? The recession of 2000-2002 wasn't that long ago.

And have they even bothered looking at the growth of the economy in the past few quarters? A recession is defined as 2 consecutive quarters of negative growth in GDP. This has not happened.

What evidence exists that there is a real recession?
--
Only SHATNER is Kirk.

TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast


1 edit

Re: Merril Lynch = Idiots

said by pnh102 See Profile :

quote:
Merril Lynch today stated that the U.S. has officially entered its first full blown recession in sixteen years ...
First recession in 16 years?

Um hello? The recession of 2000-2002 wasn't that long ago.

Recession classically defined as:
»www.nber.org/cycles/recessions.html
two consecutive quarters of decline in real GDP
But the NBER looks at other info as well and not just the classical definition.

And you are right. There was an 8 month recession from March to Nov, 2001. »www.nber.org/cycles/cyclesmain.html

So, Merrill Lynch's pronouncement was wrong. And their pronouncement is self serving. They are trying to spin their companies financial woes as some 16 year aberration instead of mostly poor management.
--
Internet News
My BLOG
My Web Page

Anonymous
Premium
join:2004-06-01
IA

Re: Merril Lynch = Idiots

Well it can't go up all time.

amigo_boy

join:2005-07-22
Tempe, AZ
·Cox HSI
·magicjack.com

said by TKJunkMail See Profile :

And their pronouncement is self serving. They are trying to spin their companies financial woes as some 16 year aberration instead of mostly poor management.
I think you're close. I think they're trying to influence the Fed's upcoming decision to reduce rates again. If they throw the "R" bomb, disrupting the market, etc., the Fed may be more likely to cave in again to calm the markets.

Merril's been hit hard by the sub-prime mess. They need more liquidity in the credit market.

Mark

whizkid3
Premium,MVM
join:2002-02-21
Queens, NY
·Earthlink Cable Mo..

said by pnh102 See Profile :

A recession is defined as 2 consecutive quarters of negative growth in GDP. This has not happened.

What evidence exists that there is a real recession?
Real GDP numbers, instead of the doctored ones the govt has been providing:
»www.shadowstats.com/article/57

TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast

Re: Merril Lynch = Idiots

said by whizkid3 See Profile :

said by pnh102 See Profile :

A recession is defined as 2 consecutive quarters of negative growth in GDP. This has not happened.

What evidence exists that there is a real recession?
Real GDP numbers, instead of the doctored ones the govt has been providing:
»www.shadowstats.com/article/57
Right! Reality according to conspiracy theorist.
--
Internet News
My BLOG
My Web Page

linicx
Caveat Emptor
Premium
join:2002-12-03
United State

Re: Merril Lynch = Idiots

Didn't Merril Lynch recently sell off to China?
--
Mac: No windows, No gates, Apple inside

supergirl

join:2007-03-20
Pensacola, FL
·Cox VOIP
·Skype
·Cox HSI
·AT&T Southeast
·magicjack.com

Actually, since people used their credit cards in record numbers during Christmas, that was pretty much a recessionary attitude.

Oil and food prices are most of inflation. But, with the housing bubble getting popped, a recession is inevitable with Americans in record credit card debt, and debt in general.

Hate to rain on your parades, a recession will benefit Republicans in November NOT Democrats since people will vote with their wallet.

The Fed will have to lower rates again.
--
Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

Re: Merril Lynch = Idiots

said by supergirl See Profile :

Actually, since people used their credit cards in record numbers during Christmas, that was pretty much a recessionary attitude.
It might, but it isn't uncommon for us to break the bank with credit cards around this time. In fact, if we decided to actually spend our personal assets without resorting to borrowing, then we would be in a depression.
said by supergirl See Profile :

Oil and food prices are most of inflation. But, with the housing bubble getting popped, a recession is inevitable with Americans in record credit card debt, and debt in general.
Well the way I see it, the housing bubble only screws the banks. That is why they are pushing so hard for a government bailout while disguising it as "relief" for people who will lose houses that they should not have bought in the first place. These people still probably have jobs and will most likely move back into housing that they can afford and continue with their lives... unless of course they worked for one of the banks.
said by supergirl See Profile :

Hate to rain on your parades, a recession will benefit Republicans in November NOT Democrats since people will vote with their wallet.
True. Bill Clinton was only able to capitalize on the 1992 recession because Ross Perot was in the race.
said by supergirl See Profile :

The Fed will have to lower rates again.
One can hope!
--
Only SHATNER is Kirk.

supergirl

join:2007-03-20
Pensacola, FL
·Cox VOIP
·Skype
·Cox HSI
·AT&T Southeast
·magicjack.com

Re: Merril Lynch = Idiots

Actually, I've been in on discussions about a recession coming for two months. And, I've gotten newsletters from Wall Street hoping we're not in one already.

The Fed will have to lower rates since oil as inflation isn't really inflation but wild speculation by the same idiots involved in the subprime mess, and another bunch of idiots speculating trying to make a buck at the average American's expense.
--
Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl

pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

Re: Merril Lynch = Idiots

said by supergirl See Profile :

The Fed will have to lower rates since oil as inflation isn't really inflation but wild speculation by the same idiots involved in the subprime mess, and another bunch of idiots speculating trying to make a buck at the average American's expense.
Unfortunately, as long we continue to not exploit our own energy resources, speculators will continue to be able to exploit an unnecessarily tight energy market.
--
Only SHATNER is Kirk.
disc

join:2005-12-31
Raleigh, NC

said by supergirl See Profile :

Hate to rain on your parades, a recession will benefit Republicans in November NOT Democrats since people will vote with their wallet.
Yes, just in time for the well-known republican safety net to come to the rescue.

amigo_boy

join:2005-07-22
Tempe, AZ
·Cox HSI
·magicjack.com

said by pnh102 See Profile :

A recession is defined as 2 consecutive quarters of negative growth in GDP. This has not happened.
I don't believe the most recent GDP numbers are available are they? The Q3 numbers (really estimates) were released in December. ML may be basing their opinion on expected Q4 numbers, and that the Q3 numbers will be revised downwards, which isn't unusual.

I guess it's a fine line between someone saying future numbers will show we are now in a recession versus the official declaration which can't occur until sometime after the recession actually started.

I still think ML (and today, Goldman Sachs) are doing this to rattle the market because they want the Fed (next week) to reduce interest rates. These guys desperately need it because they're heavily exposed to the credit crunch. They may end up being proven correct. But, I bet their biases have a lot to do with their decision-making.

Mark

jhacker

join:2001-12-11
Peoria, IL
·Comcast
·Vonage
·Comcast Digital Vo..

Tell Us The Real Reason

Or, maybe AT&T's business is slowing because the company made some bad decisions. They tried for too long to hang onto a declining landline business and for way too long forced people to bundle expensive POTS, a technology (term used loosely) many people don't need or want, in order to have DSL. They lost business to cable because of it. Now, instead of totally eliminating copper line AT&T decides to do a half-assed job of running fiber to the node, and deploys it too slowly. Meanwhile, competitors are passing them by deploying next-generation technologies at a time when consumers are hungry for them. So why is AT&T seeing a slowdown?
cwh

join:2006-05-14
San Antonio, TX

Re: Tell Us The Real Reason

THey are seeing the same things everyone else is seeing right now. If you listen to their webcast they are actually still quite bullish on their expected growth.
Josimars

join:2001-04-24
Port Chester, NY


3 edits
I couldn't have said it better. They didn't want to spend the money to bring fiber to the home like Verizon because they wanted to please Wall Street analysts so that they keep the stock high so that the former CEO gets a fat retirement check. Chickens come home to roost. Those same analysts are now running away from the stock. They are getting their butt kicked by the competition.

danny9
Go Ahead, Make My Day
Premium
join:2002-07-14
Clinton Township, MI
clubs:
·VoicePulse
·Comcast

I have to agree with jhacker.
The competition is offering alot more for alot less then AT@T's overblown prices, and if you start adding some special features...look out. The VOIP's and the cable companies have the same features included.
I left AT@T and the Bells several yrs. back for that very reason and never looked back.
They can blame the economy or the cable co. down the street but the real problem lies within their corporate walls.
--
VoicePulse 07/29/04

newview
Ex .. Ex .. Exactly
Premium
join:2001-10-01
Parsonsburg, MD

When AT&T sent me a letter . . .

. . . telling me I had to pay $4.50 a month for long distance service, even if I made NO long distance calls . . . I immediately canceled my service with AT&T.

The arrogance . . .

See 9 replies to this post

odreian615

join:2006-01-18
Chicago, IL

Write-off

I always assumed these companies write these off
JSRoman
Premium
join:2005-03-10
Callahan, FL

In other words short Merril Lynch stock

Merril is obviously laying the groundwork for a very bad 4th quarter report on their part.
--
»www.seabee.navy.mil

morbo
Complete Your Transaction

join:2002-01-22
00000
clubs:

Re: In other words short Merril Lynch stock

it's not just Merril. this recession has been projected since the early days of the housing bubble.

the housing ATM is out of service. cue economy tanking...
RockinRosCo

join:2006-09-21
Hartshorne, OK

Ma Bell

'The more I learn about terrorism, the better I understand the telephone company.'
Cyber2lz

join:2001-11-15
Odessa, FL

at&t

Your world delivered decided.... by at&t.

--
The Light Pipe is the Right Pipe !!!

HellsBells

@pacbell.net

Ma Bell Has Indigestion

California is the largest local service market for AT&T and since the CPUC approved AT&T's request to de-tariff rates, AT&T has wasted no time in raising rates.

Many of the products and services beyond the cost of the flat rate and measured rate service have increased twice during the past 12 months. An example, Caller ID has gone up in price from $6.17 per month to $9.99 per month. Anonymous Call Rejection has gone from $1.90 per month to $4.00 per month and a Non Published Number has gone from .28c per month to $1.25 per month.

I am sure that many Californians who have looked at their bills along with local media chatter about the increases on a percentage basis to reduce, cancel downgrade and eliminate services.

AT&T has been making a big aggressive marketing pitch pushing the bundles, or pushing landline packages if you don't have DSL, Wireless, Satellite/Uverse services. Customers are pushing back and saying NO!

The good thing is that DSL is now a good deal, and for the customers who have never had DSL, $10.00 a month.

I've cut everything back on my line to just measured rate lifeline service for $2.85 per month, provides 60 un timed local calls, each additional call is .08c un timed, a non-published number for $1.25 per month and DSL for $10.00.

I use another carrier for local toll and long distance.

Of course, how many customers have been disconnected for non-payment for local, wireless, DSL, satellite/Uverse.

The way AT&T paints it it must be so many that it impacted earnings. Must be all the people who have lost their homes and rung-up big bills and forgot to pay when the postal service couldn't deliver their mail to the bridge or underpass they are no living under.

No, it's not all the deadbeat customers. It's the customers who are upset by the huge price increases this year and have said ENOUGH and are either reducing/cutting back their services or disconnecting altogether. I guess some are discovering VOIP and all the services that come with VOIP for one low monthly price.

Poor Ma Bell, soon, we'll have to take-up a collection for her.
decifal

join:2007-03-10
Bon Aqua, TN

I'll pay for service if its delievered!

Hey, i'll happily pay an ATT bill if they bring the service I'd love to have! Prove me a fool and bring DSL in my area and i'll quit bitching Or comcast, either or feel free whoever gets in our area first i'm sure will have most loyalty... And no.. Were not Rural

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

Higher energy prices fueling inflation and pinching wallets

It's no secret that the high energy prices, both in motor fuels and in heating, electricity etc are taking a bite out of people's wallets and driving inflation. Although the inflation numbers seem tame, anyone who buys food regularly in the supermarket can clearly attest to prices climbing.

For the average family, expenses and bills keep shooting up while income is stagnant or receives a small increase, but not enough to cover costs. Most wage earner's pay raises over the past few years won't even pay for half the cost of the increase that ONE tank of gas costs... and then you throw in medical, schooling, etc on top of that.

It's not hard to see why the numbers point to recession, as much as people try to deny it.

Now, given that, I think at&t's problem is they won't give people what they want. They still try and force you to buy POTS, even if you don't want it. Sure they now offer "naked" DSL.... on low speed packages only. And the bundles they offer include things people don't want and leave out things they do.

What at&t needs to do is offer naked DSL on the fastest speed packages, along with cheap VOIP or none, (Consumer choice) and leverage in bundled deals on wireless (again consumer choice) and the good packages from Dish Network (not the low packages, again.)

Basically they need to mix up their offerings and let people buy what they want and need, not what at&t wants them to buy to boost profits. That's why people switch away to cable or other providers.

prestonlewis
Premium,MVM
join:2003-04-13
Sacramento, CA
·VoiceStick

at&t deserves bashing

My first at&t bill was $200 and we barely use it since Vonage is our primary line. Our 2nd at&t bill was $100. Here in Northern California, they have invested zip in infrastructure: old brittle wiring, less than a half dozen COs to serve the huge population of Sacramento County. Ridiculous.

It's no wonder that UVerse has so few customers since hardly anyone lives close enough to a CO to get the service. Then, for the DSL customers who want DSL anyway (with the low speeds), they won't take an account that is more than x number of feet from their pitifully few COs. However, once you sign up with DSLExtreme or some other 2nd DSL provider, at&t will start calling you saying they'll now offer you DSL service.

SBC deserves what it's getting (they bought AT&T and renamed it at&t). They tought new products that hardly anyone can get while letting their infrastructure slowly degrade.

They are not true competition for cable, except for the very few people who live within a mile of their few COs so here, Comcast is king: telephone, cable, and HSI. at&t is no competition at all. All they have to do to be competitive is install RTs or more COs so they can actually provide decent service to the MAJORITY of the population. For years now, we've have lies like "Operation Lightspeed" that was suppose to install more RTs. Didn't happen here.

Bellunder

@teksavvy.com

The stock market should give up 30 to 50 percent anyway

The stock market was buoyed by hedge funds last year playing games. It should've lost at least 30 percent last year so tack that loss onto this years' loss and a guaranteed 30 to 50 percent down year. Remember the time the hedge funds kept on selling gold short at 690 US last year? See where that got them and you'll see where trying to prop up a dying stock market will get them this year... even further into the red.

moneypit

@nehome-server.info

don't look now, but.

Has everyone forgotten *where* the United States has or should I say *we as citizens of the US* have spent over a trillion dollars and still spending?

Might this not have just a small influence on the state of affairs as they exist, or am I way off base here?

morbo
Complete Your Transaction

join:2002-01-22
00000
clubs:

Re: don't look now, but.

it's another one of the many reasons why the value of the dollar is so low now. last i heard it was 1.5us to 1 euro.

:O

nomorebullshit

@rr.com

They were already told to kiss my ass

I am not afraid of voip or online fax service. I even had them put my voip number on the recording when I told them to turn off two landlines. If your not using voip yet, your getting screwed. I was slower to make the fax transition. I must have really liked those bills at 5-600 a month. With online fax at 10buks a month, the few extra steps it takes was totally worth it. I really feel sorry for all the idiots that had to have the idiot phone.
I guess that what iphone stands for. Who else would post those goofy stories about a 84,000 bill for data.
That phone is about as funny as the warm welcome Opra got from Ytube subscribers.....

ATT you might as well plan on that break-up thing again

An Economist

@verizon.net

Stagflation Risks, Housing Impact Spreads To Broader Economy

The risk of stagflation is growing right now. If the Fed continues to lower interest rates to bail out troubled borrowers who have ARMs adjusting in 2008 (and mortgage-bond investors like banks and Gross's Pimco Bond Funds) to help keep the economy going inflation will probably increase. Oil is driving up inflation right now, but with lower interest rates the dollar will weaken against the euro and other major currencies, sparking import inflation. It will be a double-edged sword-higher inflation from oil and lower interest rates coupled with sluggish to declining growth in GDP...2008 will not be a good year for the economy.

The subprime mortgage debacle, credit crunch in August and September (which is making banks hesitant to lend since banks' balance sheets are getting dirtier by taking on these CDO's, SIVs, and mortgages), and falling home values will further exacerbate economic worries. The Federal Reserve cannot stop this one. Fiscal stimulus is needed, but even there the U.S. is runnning record budget deficits by running wars while keeping taxes low at the same time. No wonder folks are cutting back. Look for higher prices to continue and even higher taxes in the years to come to make up for that lost sales tax revenue state governments are losing due to lower consumer spending and, hence, retail sales.

Rick
Premium,MVM
join:2001-02-06
Waterbury, CT
clubs:

Bull..

their customers are fleeing this sinking replica of the Titanic because they don't want their landlines any longer and
their "next generation" answer called Uverse is the worst plan ever devised by any company in America!

AT&T....NO ONE WANTS IT.

When on earth will you get that through your New CEO's Thick as a brick Skull?

AT&T..PEWVERSE (TM)..is a DISASTER. IT's a SHIPWRECK...An OCEAN LINER slamming into an ICEBERG.

I've said this for what..going on 2 years now while their fanboys did nothing but support it here?

Well...GUESS WHAT? IT's going NOWHERE.

100k customers NATIONWIDE?
That is what they've managed to pull out of their copper laden bag of tricks?

Meanwhile...comcast rolls out Docsis 3.0.
Verizon rolls out Fios.

And you roll out MORE Crap twisted pair to the home!

My DOG can't even believe how bad your new CEO is running this company into the ground.
In fact..here's a picture of me explaining it to him and the look on his face!
»/showpic/coole···d=21&1=1

Will you EVER wake up and smell the Fiber?

Or..is THIS your destiny?
»www.megalink.ru/~maddog/Titanic-1.jpg

I guess we'll see.

~Rick
--
The Coyote captured the RR! Roadrunner Rick is now Comcastic!
moonpuppy

join:2000-08-21
Glen Burnie, MD
·Verizon Online DSL

Re: Bull..

Oh how soon they forget:

»Growth Slowing For Comcast

It has NOTHING to do with technology. It has everything to do with people trying to save money.


mig
Premium,MVM
join:2000-10-26
Anytown, USA
clubs:

Interesting

Interesting, considering that AT&T just increased its quarterly dividend last month by over 12% and also are doing a 15 billion dollar buy back in their stock.

Nothing better than to give out a little negative news on the outlook, watch the share price drop as they step in to buy those shares. Shrewd ..............

morbo
Complete Your Transaction

join:2002-01-22
00000
clubs:
·Charter Pipeline
·AT&T Southwest

Re: Interesting

interesting take. it will be to their advantage for the buy back.

...but the economy tanking and the move away from landlines is something that is out of control and out of their control.

i keep wondering if/when telco will do something dramatic to keep landline customers. say some of the following: free voicemail with web access, some type of voip and landline integration, caller id more reasonable, etc. my guess is that they will offer this when they start getting very desperate. say in 3 years.
bjbrock

join:2002-10-28
Mcalester, OK

Government regulations to pull them out.

AT&T can not survive in a purely competitive market. Up front they want to act like competition is good but they have their hand out the backdoor looking for the government to help them squelch the competition.

They were born and raised under utility protection and over and over again they have to go back to the government for more protection.

It will be interesting to see how long it takes before they start begging the government for more help. They'll find a way to twist the real issues to make them look like an unfairly treated corporation who is being bullied by their competitors.
Forums » Ma Bell Pinched By Souring Economypage: 1 · 2


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