Michael Armstrong
Michael Armstrong
agreement cash investment pay turn
This agreement will turn a non-strategic investment into cash that we can use to pay down debt,
company creation phase recognize results time today transform value
We set out to transform this company from a point-to-point long-distance company. The results today are strong. They need to be better, and they will be. But it's now time to recognize the value creation phase of our strategy.
america best brand broadband putting
We're putting the best brand in communications with the best broadband infrastructure in America,
clearly decline felt growth impact industry reflect results scaling strategy three
In 2000, the industry felt the impact of the long-distance decline we anticipated when we put our new strategy in place three years ago, ... Our results reflect the acceleration of that decline, but also clearly demonstrate that we are successfully scaling our growth businesses.
action aggressive build building continue delivered earnings focusing fourth investing line met momentum quarter reducing strong took top
For the fourth quarter in a row, AT&T delivered strong earnings and met investors' expectations, ... We took aggressive action in 1998 to strategically reposition AT&T for the future. We will continue to build on that momentum this year, focusing on reducing costs, building top line revenues and investing to grow.
decisions figure
I couldn't figure out where decisions got made at AT&T. This place was impossible.
billion david dollar experience global head launching qualified running successful uniquely venture
David is uniquely qualified to head our new business, ... He has experience in launching successful start-ups, and in running multi-billion dollar businesses, just what we need to head a global venture that, on day one, will be a $10 billion company.
achieve
That's not where we want it and there's much more to be done to achieve more growth.
access biggest business decision points putting quite simple turning work
It's not quite as simple as putting up some access points and turning them on. The biggest decision is the business model. How do you make this work successfully?
aggregate cash compete dividends flow industries payment peers
The aggregate payout will be reduced, ... Cash flow will not go to dividends but into growth...the dividend payment will be appropriate to the companies' peers in the industries that they compete in.
amazing consumers industry money save saying
It's amazing how complicated this industry can make saying 'Hello,' ... actually will save consumers money because it's simple, it's any day and all day, it's straightforward.
fun reporting seems
There seems to be a lot of fun in reporting that this is a reversal of our strategy,
earnings executing grew growth percent progress reflect revenue steady strong wireless
AT&T's strong second-quarter earnings reflect steady progress in executing our strategy. In fact, two of our growth businesses, AT&T Wireless and AT&T Solutions, grew revenue more than 40 percent each.
accomplish broadband together
AT&T Broadband and Comcast can accomplish more together than we could alone,