AT&T Inc. (T) announced third-quarter 2009 results, with reported earnings per share of 54 cents beating the Zacks Consensus Estimate of 50 cents while declining from 55 cents reported a year ago. Net income fell 1.2% year over year to $3.2 billion on account of lower revenue. The results were highlighted by growth across wireless and U-verse video businesses. The second largest wireless carrier reported consolidated revenue of $30.9 billion for the quarter, down 1.6% year over year, largely due to lower wireline voice, legacy data and print advertising revenue, which offset growth in wireless and wireline data services. AT&T registered a net gain of 2 million wireless subscribers in the third quarter to reach 81.6 million total subscribers in service, up 9% year over year, driven by strong iPhone activations. This represents the largest third quarter addition in the company’s history. Retail postpaid additions for ...

For Immediate Release

Chicago, IL – August 6, 2009 – Zacks Equity Research highlights DIRECTV (DTV) as the Bull of the Day and BJ's Restaurants, Inc. (BJRI) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Qualcomm Inc. (QCOM), Tata Teleservices (TCL) and NTT DoCoMo (DCM).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676

Here is a synopsis of all five stocks:

Bull of the Day:

DIRECTV (DTV) is set to continue generating healthy free cash flow and earnings growth, with reduced cap ex requirements, healthy ARPU and vigorous growth in its U.S. and Latin American operations. The company's HD lead should defend its market share, bolster ARPU and help stem decelerating subscriber growth.

We think the HD roll-out with the RBOCs as partners will defend DTV's market share against cable's ability to offer video,

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Growing market traction of 3G wireless devices in India is likely to spur growth of Qualcomm Inc. (QCOM), the largest developer of digital mobile chipsets based on CDMA wireless technology. At present, India has more than 100 million CDMA wireless subscribers, out of which half a million are 3G subscribers.

Currently, Reliance Communications and Tata DoCoMo, a joint venture between Tata Teleservices (TCL) and NTT DoCoMo (DCM) are the two main CDMA service providers in India. In addition, the state-run BSNL, the largest telecom operator in the country and Sistema-Shyam Teleservices are also opting for CDMA2000.   Ministry of Telecommunication of the Indian Government is exploring several options to auction the available spectrum for next-generation high-speed 3G networks. While Reliance Communications and Tata DoCoMo have deployed 3G EV-DO networks using their existing spectrum in 800 Mhz band, BSNL is rolling out 3G HSPA networks in 40 cities.

Subscribers of

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