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I don't know the answer to your question, wondered myself; earnings not due to be released for another couple of months. Good press with IBD and announcement of Ford contract so.....
I just re-established a big position at 29 after being mad I missed 30 the other day and I just returned from the Memorial Tournament to see it hit 28 1/4. I consider it a bargain based on PE vs growth rate and the niche they are in. I was disappointed after an earlier post to learn it was not Intel that they had Pentium orders for but the OEM's that install the chip but hopefully they have the big boys and will get cracking on the laptop issue soon.
I'm new to this thread and relatively new to AATT...but the way the stock is moving I may not stick around. I can't find any news to explain what looks like almost panic selling today. Down almost another 10% with over 140,000 share traded at 12 pm Monday.
No other message boards I've checked seem to understand either. Anyone here have any thoughts???
The delay announced by INTEL was PRECEDED by the info that AATT had lost that business to fuji. The delay kind of negates the effect of that loss for a year. A lot can happen in a year to change all of that around. The market is correcting, and AATT was apparently over bought. I doubt it was this much over bought, but the stock was well advanced over the past 12 months. Scary though isn't it?
I am missing something here, I cannot find the news that preceded INTC's announcement. What gives? Was it loss of all of INTC business or just OEM contracts that will deal with laptops since this was what I thought was discussed previously? I bought more at 23 1/2 at 15:45 and still feel we are oversold with the general market and NASDAQ getting killed.
Aaron--This was limited to the laptop situation. No other business was mentioned. I do not recall where the article was but I think it was a newswire release. You probably made the right move buying more at that level.
DoubleD; Try this one, sorry about the first one. investor.msn.com The complete link would not come over in blue. You'll have to write it down or print it out or copy direct to the url address. url ends with "1998/06/02.BW1433"