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AT&T Response Statement to Dow Jones Industrial Average (DJIA)
Date:
Topic Finance, Investment and Stocks
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AT&T Response Statement to Dow Jones Industrial Average (DJIA)
BEDMINSTER, N.J. -April 2, 2004 /Wi-Fi Technology News/- AT&T issued the following statement after the decision by Dow Jones to remove AT&T from its index of 30 companies that make up the Dow Jones Industrial Average.
"While AT&T and the entire telecommunications industry have reflected the effects of soft demand and overcapacity since early in 2000, AT&T is a Fortune 40 company with $34.5 billion in revenue last year.
"The fact remains that AT&T is one of the world's leading communications companies and our unrivaled base of enterprise customers to whom we provide sophisticated networking services -- both domestically and globally -- make AT&T a bellwether of the U.S. economy. Despite ongoing regulatory uncertainty, AT&T has continued to invest in technology innovation and advanced networking while improving our processes and the experience our customers expect from AT&T."
About AT&T
For more than 125 years, AT&T (NYSE "T") has been known for unparalleled quality and reliability in communications. Backed by the research and development capabilities of AT&T Labs, the company is a global leader in local, long distance, Internet and transaction-based voice and data services.
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