AT&T Cuts Dorman's 2004 Bonus
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Telephone company AT&T Corp. T.N has  cut the 2004 bonus of Chairman and Chief Executive Officer  David Dorman by a quarter from a year ago to $1.97 million, a  regulatory filing showed.
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AT&amp;T Corp., the largest US long- distance telephone company, will eliminate 20 percent of its workforce this year and write down $11.
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An announcement that AT&amp;T would drop its prices for its VoIP CallVantage Service, its popular residential broadband phone service, from $34.
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(InfoWorld) - Feeling that its partnership with Yahoo Inc. yields fewer benefits than in the past, AT&T Inc. wants to trim the deal's scope and seek more favorable conditions for itself, The Wall Street Journal reported Friday. Specifically, AT&T seeks a revision of how the companies share ad and Internet access revenue in their years-long agreement to sell co-branded broadband services to consumers in the U.S., the Journal reported, quoting anonymous sources. Negotiations have already begun for renewal of the pact, which ends in April 2008 and which Yahoo originally struck in 2001 with AT&T predecessor SBC Communications Inc. Back in 2001, AT&T needed Yahoo more than it does today to market its broadband services to consumers, because broadband is now in higher demand, the article states. Yahoo gets between US$200 million and $250 million in annual revenue from the partnership, and could see its bottom line affected if those payments were reduced, according to the Journal. The profit margins on these AT&T fees are generally higher than the margins Yahoo enjoys from its other operations, the paper said. More indirectly, traffic to Yahoo's Web sites and usage of its services could be affected if the pact is scaled back, the Journal said. The joint customers obtain, along with the AT&T broadband connection, a suite of Internet tools from Yahoo, including e-mail accounts, PC security software, a photo management application and exclusive videos. Industry analyst Rob Enderle of Enderle Group doesn't find the news surprising. "I don't think Yahoo is providing AT&T with that much value and I'm not convinced that Yahoo is getting that much value from AT&T," he said. In 2001, AT&T needed an Internet company to partner against the combination of the newly merged AOL and Time Warner Inc., but the once popular trend of selling Internet access along with online services has pretty much disappeared, Enderle said. "Now AOL is nowhere near the power it once was, and people are shopping for their Internet connection separate from their [online] services. The need to have both [tied] has gone away," he said. Meanwhile, AT&T hasn't helped Yahoo much to combat the rise of Google Inc., Enderle said. "Like anything else, partnerships are formed when there is an advantage and they tend to fall apart when that advantage goes away. Here, the market conditions that created the partnership in the first place have largely evaporated," Enderle said. Asked for comment, AT&T sent a joint statement that says the companies have "the most successful partnership in the industry" thanks in large part to the ongoing dialogue they maintain. "Though it is not appropriate to speculate on future plans, we frequently collaborate on our existing partnership to ensure that we deliver the most innovative broadband experience to our customers now and in the future," the statement reads.
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ZDNet&#39;s survey of IT professionals in August kept Wired &amp; Wireless on top for the 18th month in a row. AT&amp;T will cut about 7,000 jobs and reduce the value of its assets by $11.
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AT&T Inc.  sold almost all  its initial stock of Apple Inc.'s  iPhone within hours  of the device going on sale, an AT&T spokesman said on  Saturday.
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AT&T Corp. said it would restructure its business, cutting 20 percent of its jobs and writing down the value of its network by $11.4 billion, as it winds down its residential telephone business.
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut another 7,400 jobs and reduce the value of its assets by $11.4 billion, spurred by its retreat from traditional consumer
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Accredo Health lowers earnings guidance for 2005.
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AT&T Corp. T.N will cut about  7,000 jobs and reduce the value of its assets by $11.4 billion  due to its retreat from traditional consumer telephone  services, the company said on Thursday.
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AT&amp;T Corp. Chief Executive Officer David Dorman is accelerating his plan to shed 20 percent of the telephone company&#39;s work force in an effort to reduce costs and stem a slide in profit.
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SAN ANTONIO, Dec. 15  /PRNewswire-FirstCall/ -- The Board of Directors of AT&T Inc.  today approved a 6.8 percent increase in the company's quarterly dividend, the 22nd consecutive year that the board has increased the company's dividend.
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WASHINGTON  - AT&T Corp. on Thursday reported a $7.1 billion third-quarter loss due to an $11.4 billion writedown of its assets after its retreat from consumer services and other restructuring charges.
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AT&#38;T Chief David Dorman says he expects VoIP to be a $2 billion-a-year business, small change for his company.
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US telecoms giant AT& T has announced that it plans to cut its workforce by 20% this year, axing a further 7,000 jobs.
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AT&amp;T Corp. (TN: Quote, Profile, Research) , the No. 3 US telephone company, on Thursday reported a $7.1 billion third-quarter loss due to $12.
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AT&T Corp.  will cut about 7,000 jobs and reduce the value of its assets by &#36;11.4 billion due to its retreat from traditional consumer telephone services, the company said on Thursday.