Business Services Industry
AT&T Wireless Stock's Decline Baffles Investors.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, May, 2000 by Johnson, Tom
May 12--Lila Robinson, like many AT&T employees, is a bit surprised in the performance of the AT&T Wireless Group stock since it went public last month.
"Anybody would be disappointed if a stock goes down in price," said the 50-year-old administrative assistant at AT&T in Basking Ridge, who spent about two months' salary to invest in the public offering only to see the shares close yesterday at 29. That's below the stock's 291/2 opening price.
Robinson isn't alone. In just a couple of weeks, AT&T Wireless, which trades as a tracking stock under the AWE ticker, has come to symbolize just how the market for IPOs has changed since technology stocks began to fall in March. Investors hoping to strike it rich quick have been disappointed amid conflicting...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express