Source Pravda.Ru

Stir about Verizon resolved

The stir created around Verizon Communications Inc, an American broadband and telecommunications company and a component of the Dow 30, was a false alarm.

Earlier AT&T's Chief Executive Randall Stephenson said the economic slowdown is weakening its consumer business. The statement caused the fall of shares and evoked a damper on companies that depend on wireline and broadband sales.

At Citi's Entertainment, Media and Telecom Conference in Phoenix , Dennis Strigl, President & Vice-Chairman, chief operating officer, tried to explain the situation and come down the turmoil. He assured everyone that the company was in good shape and does not suffer from any economic difficulties.

The company’s shares went up 81 cents to $43.28 in early afternoon trading. In the past 52 weeks, the balance was between $35.60 and $46.24.

AT&T's shares fell 18 cents to $38.82.

Comments
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Terrorists attack police officers in Chechnya in a series of poorly prepared acts
Russia Must Die - The Deep State has Spoken
Oil prices may fall as USA saves record oil reserves
Putin sets Merkel against Trump. She doesn't mind
US-Russian confrontation: War is peace, freedom is slavery
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Israel makes final warning to Iran
The ayatollahs now fear the collapse of the Iranian economy
North Korean government warns people of severe famine
Israel makes final warning to Iran
Putin sets Merkel against Trump. She doesn't mind
Ukraine dreams of what it can do to Crimea after winning war with Russia
Russia's five-day war with Georgia: What lies beneath international lies
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Boris Yeltsin tried to escape to US Embassy as USSR was falling apart
Russia refuses to build helicopter carriers, but considers aircraft carriers
US-Russian confrontation: War is peace, freedom is slavery
US-Russian confrontation: War is peace, freedom is slavery