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AT&T Inc (SOBA.DU)
- Reuters
UPDATE 1-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.
- Associated Press Finance
FCC fines wireless carriers for sharing user locations without consent
The Federal Communications Commission has leveraged nearly $200 million in fines against wireless carriers AT&T, Sprint, T-Mobile and Verizon for illegally sharing customers' location data without their consent. Officials first began investigating the carriers back in 2019 after they were found selling customers' location data to third-party data aggregators.
