AT&T's Net Falls Short (Update)

During the conference call, AT&T also announced the launch of Research In Motion's (RIMM Quote) BlackBerry Bold as an AT&T exclusive beginning on Nov. 4 for $300.

Shares of AT&T were down 6.5% to $24.07. The stock is lower by nearly 40% for the year. Telco peer Verizon (VZ Quote), which reports results Monday, was losing 5.7% at $26.41. Sprint Nextel (S Quote) was falling 5% to $3.63.