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AT&T Slips 1.7% as New President Named

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AT&T

(T) - Get AT&T Inc. Report

was down 1.7% in midmorning after it named

David Dorman

president.

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Dorman was previously the CEO of

Concert

, a joint venture between AT&T and

British Telecom

. Gary Weis, COO and president of Concert, will become the venture's acting CEO.