- Fox Business
FCC fines four wireless carriers millions
Four wireless carriers were each hit with multi-million-dollar fines by the Federal Communications Commission (FCC). They were AT&T, Verizon, T-Mobile and Sprint.
- Reuters
UPDATE 2-IBM wins reversal of $1.6 billion judgment to BMC over software contract
A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T with its own. The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge's determination concerning liability was in error. Writing for a three-judge panel, U.S. Circuit Judge Edith Jones said AT&T, one of BMC's biggest clients, had switched to IBM software "independently" and that BMC had "lost out to IBM fair and square."
- Barrons.com
Forget What You Know About AT&T Stock. This Analyst Says It’s Time to Buy.
Barclays analysts lifted their rating on the telecom stock to Overweight from Equal Weight on Monday.
