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ATT CEO Economy causing bad customer debts

Date: 1/9/2008 4:46:59 PM

AT&T Inc.s stock slipped 4.5% yesterday after the phone companys chief executive blamed the weak economy for a rash of landline and highspeed Internet customers not paying their bills.

The news sent jitters through an already edgy marketplace. AT&T shares fell $1.87 to $39.16 in 4 p.m. New York Stock Exchange composite trading.

Speaking at a Citigroup Inc. investor conference, AT&T chief Randall Stephenson said the company cut off service to subscribers of some of its consumer businesses in the fourth quarter of last year. He was responding to a question from an analyst about where AT&T was

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Source: http://online.wsj.com/article/SB119982622578075431.html?mod=dist_smartbrief


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