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AT&T Chief Sees Stronger Demand in 2010s Second Half

AT&T Inc. (T) CEO Randall Stephenson predicts the company will see stronger demand in the second half of 2010. That’s according to a Wall Street Journal report from the newspaper’s CEO Council.

AT&T has enacted hundreds of layoffs as subscribers cut landlines, and even enterprise revenue has dropped, slowing more in the third quarter than in the second.

“We’re a butts-in-the-seats kind of business,” Stephenson told Dow Jones Newswires at the WSJ CEO Council on Tuesday. More employees drive demand for telecom services, WSJ said.

Similarly, AT&T expects flat or slightly improved financials in the current quarter; WSJ noted that Stephenson’s rebound forecast “is the most direct statement among his telco peers.”

But Stephenson said he doesn’t know when the job losses will end.


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