Long Distance Phone Cards

 July 
MoTuWeThFrSaSu
   1234
567891011
12131415161718
19202122232425
262728293031 
       
[ all archive ]

Search in digest

 Most interesting:


   [ by keywords ] [ stats ]

AT&T shifting away from long-distance service

   1579 days 17 hours ago (21:37)

Do you want AT&T as your residential long-distance carrier? Good, because they don’t want you either. It’s too expensive to compete with regional phone services, the company says, so it’s not gonna bother trying anymore.

The AP says the nation’s largest long-distance company will stop seeking new customers for its traditional consumer long-distance service, once the bedrock of the company known as Ma Bell.

Instead, AT&T will bet its future on providing telecom and data services to business, currently 75 percent of its revenue, and selling residential customers new technologies, such as phone service over the Internet.

The company will continue to serve its existing residential customers but will no longer pour roughly $1 billion a year into winning new ones, AT&T said as it reported sharply lower profits for the second quarter.

Tech company earnings are pouring in faster than we can keep up with them today. Let’s check in with some of the biggies.

No one will be surprised to hear that Microsoft is, yes, up to its eyeballs in profits. The world’s largest software maker said fourth-quarter profit rose 81 percent as sales of Office programs and Windows corporate network software increased, Bloomberg News tells us. .

Net income rose to $2.69 billion, or 25 cents a share. Revenue rose to $9.29 billion from $8.07 billion, the Redmond, Washington-based company said in a statement distributed by PR Newswire. Sales beat the $9.01 billion average estimate of 28 investors polled by Thomson Financial.

Chief Executive Steve Ballmer buoyed revenue with the release in October of new Office word processing, e-mail and spreadsheet software as well as programs for running networks and databases. The quarter marked 20 straight years of profit at Microsoft, and Ballmer this week said he’d distribute $75 billion of the company’s cash to shareholders over the next four years.

Howbout Amazon? Glad you asked. The online retailer posted second-quarter net income of $76.5 million, its fourth-straight profit, as it offered more items on its Web sites and boosted international sales.

Net income of 18 cents a share compared with a net loss of $43.3 million, or 11 cents a share, a year earlier, the Seattle-based company said in a Business Wire statement. Sales rose 26 percent to $1.39 billion from $1.1 billion.

Chief Executive Officer Jeff Bezos, 40, added a store selling beauty items and increased the number of vendors as part of his strategy of offering a broad selection of products at low prices. Amazon.com also has added new categories to its international sites, including garden products in the UK, as well as lowering prices books there.

Xilinx, the world’s biggest maker of programmable semiconductors, said first-quarter net income more than doubled to $95.3 million.

Net income rose to 26 cents a share in the period ended July 3 from $46.2 million, or 13 cents, a year earlier. Sales increased to $423.6 million from $313.3 million, the San Jose company said in a statement distributed by PR Newswire.

Gateway, the computer maker that hasn’t had a profit since the end of 2001, said its second-quarter loss widened to $338.6 million as it spent money to close stores and fire workers.

The net loss was 91 cents a share in the quarter ended June 30, compared with $72.6 million, or 22 cents, in the same period a year ago. Sales rose to $837.6 million from $800 million, Poway-based Gateway said in a statement distributed by PR Newswire.



permalink | keywords: at&t // [ source ]