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April 01, 2004

AT&T Dropped from Dow Jones

It's a symbol of the massive changes in the telecom industry that AT&T has been dropped from the list of 30 companies tracked in the Dow Jones Index, now to be replaced by Verizon.

Which makes sense. AT&T is now a relatively minor company, one long distance company among several, with no cable division (sold off Comcast), no wireless division (sold off to Cingular), and not much else.

I've always believed that the breakup of AT&T was bad for both extending universal service and advancement of technology in the telecom industry. This symbolic fading of AT&T into corporate obscurity is just a reminder of that regulatory road taken.

Posted by Nathan at April 1, 2004 09:54 AM