AT&T CEO Randall Stephenson sent telecom stocks tumbling earlier this week when he told attendees of CitiGroup's Global Entertainment, Media and Telecommunications Conference that AT&T was beginning to see some "softness" in consumer market segments, and other telecom executives have used their face time at the conference to counter his statements. Verizon chief operating officer Denny Strigl took the stand yesterday and said Verizon wasn't seeing any economic softness in its markets.
Will Stephenson's comments, which seemed to blind-side the industry even though the entire country is smelling a recession, continue to be a PR field day for fellow telco executives?
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