Technology Industry
Industry: Email Alert RSS FeedAT&T action needed to raise stock price.
RCR Wireless News, September, 2000
NEW YORK--Speculation continued last week as to what actions AT&T Corp. and its wireless business, AT&T Wireless Group, would take to boost their lagging stock prices. AT&T reportedly will discuss how to boost share prices at a board meeting this month. Reports indicate AT&T Wireless may consider a merger with iDEN operator Nextel Communications Inc.
or British Telecommunications plc. AT&T Wireless' shares have fallen about 14 percent since its initial public offering in April. The carrier's stock was trading at $25.19 at press time, below its IPO offering price of $29.50 per share. Analysts attribute AT&T Wireless' lagging stock price to the fact that AT&T has offered just 15.6 percent of the business and hasn't indicated when it will issue...
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