AT&T cable gamble slices net income

Article Abstract:

AT&T Corp.'s net income for the fourth-quarter of 1999 dropped by 42% as a result of its gamble on cable to provide telephone and Internet service. The company's net income fell to $1.15 billion for the period.

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Qwest reports solid net income for period

Article Abstract:

Qwest Communications International Inc. posted strong net income for the 1999 fourth-quarter. The company posted $437 million (449.3 million euros) in net income for the period. Qwest posted a loss of $21.6 million in the year-before period.

Qwest Communications International Inc.

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AT&T profit climbed 58% for quarter

Article Abstract:

AT&T Corp. posted a 58% increase in its earnings for the fourth-quarter of 1998. However, the company admitted that it is struggling to sign partnerships with cable firms that are critical to its strategy for local telephone services. During the fourth-quarter, AT&T posted $2 billion in earnings. This comes out to $1.12 per share. During the same period in 1997, the company posted $1.26 billion in earnings.

Comment:

Posts 58% increase in its earnings for the fourth-quarter of 1998

Telephone communications, exc. radio, T

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