Thread regarding AT&T layoffs

ATT IN A NUTSHELL

AT&T is facing their most difficult outlook in history, it’s somewhat surprising that AT&T would essentially gamble its financial future on DirecTV and Time Warner. At this point, T stock is carrying roughly the same amount of debt as the entire country of Venezuela.

Not only is AT&T drowning in debt, its estimated 2020 dividend payout ratio is 64.8%. In other words, nearly two-thirds of AT&T’s earnings this year will go right out the door to pay its dividend.

While legacy media is dying a slooooooooooooooooooooooow death, the video game industry is booming. Yet AT&T is selling off its gaming business, which is yet another head-scratcherrrrrr, there goes BStanky head full of hair, lol

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Post ID: @OP+15KLZED4

6 replies (most recent on top)

I'm waiting to see all the Fiber to the Phone (FttP) fans jump on this comment. As if anyone really wants a cable hanging out of their phone anymore!

Workers is the right strategy for the company. Sadly, Tmobile is already beating them in delivering home internet over LTE, and without the hidden taxes and fees game that ATT loves. ATT might not have enough time to recover.

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Post ID: @3sxy+15KLZED4

AT&T was at a fork in the road when they purchased DirecTV. They tried to double down on wireless by purchasing T-Mobile, but that was a fiasco where that entire merger team and Randall should have been fired for.

Instead, Randall listened to Stankey. Uverse was a solid product but was struggling in negotiations with content providers. Uverse did not have the scale that DirecTV or Comcast had (subscriber numbers) to force ESPN or Turner or ... to give AT&T good prices. Stankey's vision was to get scale at any cost. His recommendation to Randall was DirecTV. There were others (namely Ralph De La Vega) that were against it. But Stankey won the argument. Randall bought DirecTV. It wasn't just that linear TV was at its peak. It was a double disaster because DirecTV technology has nothing in common with AT&T's landline or wireless networks. If AT&T had instead purchased Cox Cable, or Time Warner Cable, as strange as going back to coax cable for AT&T that would have been, it would have helped the broadband business. Instead we bought a satellite company and immediately announced plans not to send satellites up into orbit any longer.

That should have been clue number 2 that Randall and Stankey should have been fired. They destroyed the one thing that DirecTV had going for it, great service. Whether coverage or customer service that did all they could to help customers.

Instead the board allowed Randall to go forward with Stankey's vision of being Amazon. The vision behind Time Warner purchase was we are to going to create an eco-system. Where we make money based on advertising with our network, distribution and content as great as Amazon. Companies would bang on our doors because who doesn't want to advertise for a company that can broadcast GOT.

It is mind boggling how McFfresh is trying to take us back to square 1. (minus the crazy video product and Time Warner). Data and wireless should have been the plan from the get go. That was Ralph De La Vega's vision. Remember, McFresh was mentored by Ralph. The only way this company can get back to business, is sell DirecTV, and spin off TimeWarner as a separate entity.

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Post ID: @1xsw+15KLZED4

When Randall said I needed to keep myself Relevant for 2020 I thought he had a plan that would make this company great and therefore I better make myself great to keep my job . Wow ! He ruined the whole company ! Were never coming out of this death spiral !

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Post ID: @1zbm+15KLZED4

Dividend For how long? that.... is the question....lol

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Post ID: @1apz+15KLZED4

Yeah makes wonder how they are going to get out of it. Eventually something has got to give and gaming is pretty big right and probably a good money maker so makes you think why the would want to sell a money maker. But they got that big beautiful dividend and that is what matters.

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Post ID: @ron+15KLZED4

Randall had a vision. I am not even saying that it was an incorrect vision. But he had no idea how to execute it through innovation. Instead he thought he could acquire bits and pieces of his vision that others had already created, and put them all together himself , into something greater. Obviously it didn't work out for anyone but him. You S— Randall.

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Post ID: @yzf+15KLZED4

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