Thread regarding AT&T Inc. layoffs


ATT stock tied to your employee 401K

Don't look unless your sitting down. Employees having the ATT Shares Fund in their 401k will see a big drop. The market see ATT has a problem based on Google offering to do fiber distribution for internet access. This will cause less use of the wireless option offered by ATT's DTV and potentially more free WIFI locations causing less use of data on cell phones. When they announced the expansion into Cuba for wireless service the stock dropped. Then type announced an agreement with HBO to offer services wirelessly the stock dropped again. The next announcement, "AT&T Becomes Primary Mobility Provider for the U.S. Department of Labor's Wage and Hour Division" caused another drop after they suggested only cell use to provide the services. Apparently no wireline services anywhere.

3 months ago 43.47 per share now 40.68 per share. All of the investment is in ATT stock Depending on how much you have in this area you lost big time. I have been receiving warnings from Fidelity and thought it was just a marketing notice.

This is just a small indication of the direction the company is heading and how the financial industry see ATT. The stock would probably rise if Randall was dumped and someone with a brain was put in place. He can go manage the Boy Scouts

by | Post ID:
1517 views | 13 replies (last )
Comment! It's anonymous! Reply to this post anonymously by submitting the form near the bottom of the page!

13 replies (most recent on top)

My indication that T stock was crap was when Warren Buffet dumped his shares. I think a multi billionaire knows what he is doing.

by | Post ID:

I would not keep any AT & T stock, knowing what I know about this company, can do better investing my money without their stock

by | Post ID:

The general rule of thumb says around 5% company stock, but never more than 10%. More than that and you are playing with fire.

by | Post ID:

Anyone reading this needs to take a good look at their portfolio and mix up their investments. You should NEVER allow your retirement to be funded by the company! The majority of the readers may be too young to remember ENRON and other companies. Do your research!

by | Post ID:

Amusing to see this leadership going in all directions, without a clear and consised vision," relying heavily on luck", very sad

by | Post ID:

Don't worry Randall will sell a few used cars and voila, the stock price will rebound again. The money is in his mouth and he's got that gift. Too bad the gift isn't in creating a software company. But I feel like a lot of shareholders who are paying attention know this.

by | Post ID:

There is no doubt that Google will overcome these challenges, they are the real innovators here, they will circumvent "AT&T's cloud of smoke created to conceal their questionable financials & operations projections, a ruse designed to disguise the lack of real progress in most of their weak initiatives, for sure a cultural problem for this company, watch your wallet

by | Post ID:

Maybe if its a company phone they are doing that to save costs. I would look at another phone to see if it's just a company owned phone.

by | Post ID:

Ok so I was a bit skeptical on the E cell stuff so I looked at my phone and guess what? I had an E with full bars. Apparently the New York area is overloaded. it does answer why it takes so long to pull up web pages on the IPhone I have. I thought it was because it was a 5 type phone. Now I'm really not happy.

by | Post ID:

Those are two markets where the cost to place any fiber is high due to the requirement for mostly underground builds. don't be so sure Google is backing down. They can still deliver wireless service bypassing ATT and Verizon. Keep in mind Verizon sold to Frontier in California and could very easily make a deal to provide the service for a fee which will still allow both to make money. With ATT pushing for an all cell network or DVT network a lot of people think the market is wide open for ATT to loose big time.

If you look at your cell phone and see the connection code changed from 4g to E with full bars it tell you they are giving you restricted bandwidth and slowing down data flow to you. Want to bet 95% of the people don't even realize this is going on? run a bandwidth test and see.

by | Post ID:

Google Fiber ordered to halve staff as Larry Page orders huge cost cuts -- move to wireless

/>

/>

by | Post ID:

Ouch.

by | Post ID:

I though this post was just another thing someone made up until I checked my Fidelity account. I won't say I'm surprised but unless ATT starts doing more basic phone company things including the cell offerings, it wont be a good place very soon. One of the financial analyst suggested on the news that ATT and Verizon stand the chance of big losses due to some decisions and if so would be forced to further cut employees. Surprise surprise, they are already doing big quiet cuts. We have seen call centers downsized and closed and hardly anyone seems to care. People look the other way or find an excuse for the closing like the employees were not "keeping up"

In my area the workload for the outside technician's has dropped big time. It was discovered ATT was using a contract company called MasTec to do work in businesses and homes. Where is the union in all this. probably being paid off.

by | Post ID:

Post a reply

:

Related pages


medecision.comgerdau beaumont txsubsea7 jobsumb stockchris formantsear corporate officeapigee.comsears benefits for employeesaar aerospacersu grantaar international incthe layoff corinthian collegesintegra telecomnov asep elmardenbury resources inccharlotte russe positionsavalon holdings corplowes zone storekevin modany biospectra energy headquarterswalgreen employeesrhode island carouselicui stockhoneywell tempe azdominion transportthelayoff chesapeakehuntington park memorial hospitalcolgate palmolive mumbaiwww.barronskiewit miningsears warwick ri phone numberhennepin county medical center my charthalliburton worldwide limitedandrew viterbideerfield capital corpseagate mnalbemarle corphow much does a verizon sales rep makebridgewater interiors warren misears auto brookfieldtetra technologies uk ltdrick's cabaret internationaldrill quipschlumberger pakistan careershead count reductionkbr india jobssears cupertino store hoursmethodist hospital kentuckybaker hughes woodlands txboycott espnmicrosoft layoffspall corp port washington nyhp planoalliance walgreenssandisk glassdoorstock quote bank of nova scotianorthwest medical center houston txdigitek computer products incvzw store hoursfrystorege aviation grand rapids miasplundh willow grove paallergen irvineapple store hillsdaleat&t mobile storeralph lauren nyseburlington factory store40 amp circuit breakervoluntary layoff unemploymentcon-way freight stockruby tuesday newport news vamobil exxon jobsschlumberger gasmortenson construction milwaukee