|
COPYRIGHT 2001 Crain Communications, Inc.
1Q results generally positive despite economic slowdown
A number of wireless carriers released surprising first-quarter financial results last week showing stronger than expected customer additions despite continued uncertainty in the U.S. economy.
"In fact, based on the results in so far, net additions are tracking 5-per cent below [first-quarter 2000], better than our expectations for an 8 percent year-over-year decrease," said Peter Friedland, wireless analyst at W.R. Hambrecht+Co., in a recent research report. "This suggests that the slowing domestic economy has apparently not yet had a significant negative impact on domestic sub scriber growth. Although we are cautious that the 5-percent decline may expand to 10 percent by year end resulting from continued effects of the slowing economy, so far it seems the effects have been relatively benign."
Among the carriers reporting last week was AT&T Wireless, which beat most analysts' expectations by adding 585,000...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
