AT&T's CEO Ed Whitacre has promised big numbers for the company's U-Verse product, but shareholders might want to wait before breaking out the bubbly. If past history is any indicator, those numbers may exceed AT&T's reach.
AT&T Promises Expanded U-Verse
In 2004, a Columbus Business First article quoted an SBC (pre-AT&T) spokesperson as saying that the company's fiber-to-the-neighborhood network would reach 18 million customers by the end of 2007. Whitacre's new estimate for 10 million fewer customers by 12/07 might seem like a cautious restating, but the telco reported yesterday that, as of the end of 2006, it had just 3,000 U-verse TV video connections. And most of those are still in the initial test market of San Antonio, Texas. Those numbers, report Multichannel News, are unchanged from the previous quarter. According to the Wall Street Journal, AT&T Inc.'s rollout of its new television service is being delayed by glitches in the Microsoft Corp. technology that helps power the Internet-based system.
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