<< Read Full Article
<< Read Full Article
Investors have been buzzing about speculation that AT&T (T Quote) is bailing on its partnership with Yahoo!(YHOO Quote), but the truth is harder to discern.
On Friday, The Wall Street Journal reported that AT&T was considering scaling back the alliance with Yahoo!, which is set to expire in April 2008. The deal, which was signed in 2001, provides Yahoo! with a percentage of the revenue from DSL subscriptions, and losing it could cost the company $200 million to $250 million in revenue.
But later Friday, Yahoo! announced that the Journal's story was based on "rumor and speculation," saying "AT&T and Yahoo!'s ongoing partnership is rooted in the open and ongoing dialog we maintain about future opportunities." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
77.05
|
|
UP
30.69
|
UP
4.98
|
UP
6.87
|
DOWN
0.38
|
10 Yr
3.28%
SPDR Gold
116.62
|
|
+0.29%
|
+0.45%
|
+0.32%
|
-1.15%
|
Data delayed 20 minutes |
Connect with TheStreet