logo

AT&T’s Share Price Withstands Menace from RIM’s Rosy Sales Projections
By: News Visual   Thursday, February 21, 2008 3:55 PM

Vote for next session
The next market session will close:

(NewsVisual, powered by IntellectSpace) -- Although it could be that Apple Corp (NASDAQ: AAPL) stands the most to lose with regard to Thursday’s very positive revised sales forecast by Research In Motion Limited (RIM) (NASDAQ: RIMM), which shows the BlackBerry provider continuing win larger chunks of the hand-held marketshare from Apple’s iPhone, AT&T Inc (NYSE:T) could have been a victim of collateral damage because it’s the sole telecom-service provider for the iPhone.

RIM is forecasting that its net subscriber accounts will show an increase from 1.82 million in Dec 2007 to a larger number that will be higher by 15 to 20 percent in its Q4, the company said in its statement.

Apple Corp’s share price took a direct hit on Thursday from RIM’s announcement, plunging down from the previous close of $123.82 to $122.56 in afternoon trading (2:20pm ET).

On the other hand, AT&T Inc’s share price on Thursday not only remained unscathed, but actually went up slightly from the previous close $34.36 to $34.58 in afternoon trading (2:39pm ET).

NewsVisual created an IntellectSpace Knowledge Map of AT&T’s Board of Directors in order to determine whether they have the business experience necessary to keep the company resilient in the face of RIM’s competitive threat.

The Knowledge 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.

Click here for an interactive version of this IntellectSpace Knowledge Map.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
Advertisement
Popular Articles
Related Press Releases
Advertisement
Partner Center
Recent Articles by News Visual



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 500 contributors, press releases, SEC filings and full text news from more than four thousand sources.
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia