By Lisa Burroughes, 24 July 1998 17:55
NEWS AT&T has posted a 60 per cent year on year increase in share price for the second quarter 1998. But revenue has seen only a one per cent increase. Michael Armstrong, AT&T's chairman, said: "It has been a sound quarter even though the revenue has not been everything we wanted." He added that the company successfully reached its downsizing target in half the expected time and is now working on integrating technology for the TCI merger.
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