Despite reports that purchases of the iPhone were unlocking the device in order to use another carrier beside
AT&T Inc (NYSE:T), the telecom giant’s share price remained unaffected by the negative buzz.
In fact, NewsVisual last covered AT&T on Jan 24, when the
company’s share price was then at $36.33 in late morning trading
(11:54am ET). Since then, its share price has shown a modest increase
on Jan 28 to $36.40 after the bell (6:20pm ET).
Apple Corp’s (NASDAQ: AAPL) makes the iPhone, and the company
has made AT&T the exclusive service provider for the phone. If
consumers unlock the device, both companies would loose revenues.
The story was reported by MarketWatch on Monday (read the MarketWatch article by Rex Crum).
On Jan 24, NewsVisual reported the following discrepancy:
While the specific numbers were unavailable from AT&T, Apple
reported in its January 22 press release that it sold 2,315,000 iPhones
in the same quarter. Obviously, AT&T indirectly benefited from
those sales, since approximately only 400,000 of its new subscribers
did not come with new iPhones in their hands.
Yet, NewsVisual did not interpret the discrepancy as implying any illegal activity on the part of iPhone purchases.
The IntellectSpace Knowledge Map that NewsVisual created on Jan 24 shows AT&T’s Board of Directors have the collective business experience necessary to deal with thorny business issues.
In particular, the map shows that most AT&T Directors have involvement with other companies and that eight of them sit on three corporate boards or more, including the following examples:
Director Jon C Madonna also sits on the boards of Freeport-McMoRan Cooper & Gold Inc, Jazz Technologies Inc and Tidewater Inc; Director William F Aldinger III is the CEO/President/Director of the Capmark Financial Group Inc and a board member of KKR Financial Corp and Charles Schwab Corp; and Director Mary S Metz serves on the boards of Longs Drug Stores Corp, Pacific Gas and Electric Co, and UnionBanCal Corp.
(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).
Click here or copy this link into your Internet Explorer browser for an interactive version of this IntellectSpace Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=79c76549-df08-42d0-a8e7-c4398e038f2e
