Blue Man Group to run cellular network! Film at 11!
by lampietheclown - 1/2/07 11:30 AM
In Reply to: my take by kausa2003
Slow down there kausa. This isn't the astrology board.
If you want anybody here to believe what you are saying, you need to back it up with facts. The revelation that you are (were?) a Cingular employee who has "always been an orange employee true to the original cingular ways", makes you less credible in this thread, not more. The fact that you have never posted on CNET except for the three posts above does not give your words more weight. It gives them less. What position do you (did you) hold in the company? I'm not asking for your name and address, but are we talking sales, accounting, data management, board of directors? You seem to be privy to information the average employee doesn't have.
I have not read on these boards, or on the Cingular employee boards for that matter, any employee discussing problems with "Blue" management vs. "Orange" management. A Google search gave me no clue as to where your "60% of AT&T Managers" theory came from. Where should I look for specific terms of the merger agreement?
You stated that "The joke for employees has been for years that we work for at&t. Now the name reflects it.." Maybe I'm not entering the right search terms for the employee boards? I'm not finding it. There were quite a few mentions of "Blue Code", but they all refer to former AT&T customers, not Cingular management.
There have been many Cingular employees posting here at CNET, and on this thread, yet you are the first to mention what could be considered by many, an important point. I'm not saying it isn't true, I'm just asking you to back it up.
As for your numbers...
You said that "cingular made $356 million dollars in profit last year with 59 million customers." Now I will admit that the term "last year" is a bit grey when you are writing on New Years eve. A check of the Cingular Quarterly Financial Statements (on their website) shows that Cingular's financial fourth quarter and year end, is on December 31st. The financial report for 2005 didn't get released to the public until January 24, 2006. (I guess it takes a while to count all those beans, eh?) Does your job give you access to the numbers early? We can be good friends if it does, but please, don't post them, just e-mail them to my uh... Hotmail account.
You probably meant 2005, right? My tough luck.
Q-4 of 2005 ended with 54.1 million cellular/PCS subscribers, (not 59), an increase of 5 million over 2004. Q-4 broke a record by adding 1.8 million in just those three months, with a record low postpaid churn of 1.9%.
Average revenue per user (ARPU) in the fourth quarter of 2005 was $48.86, down 2.2 percent from the same quarter of 2004. This is due to the saturated market, better calling plans, low revenue customers entering the market, and cheaper phones being offered in order to stay competitive. (Sort of like a car dealership, or an airline, I guess.) Cingular thinks they will eventually replace the shrinking Cellular/PCS profits with the increased ARPU from data services (up 63% over 2004, to $4.71 per quarter). In the fourth quarter of 2005, Cingular had nearly 24 million active data customers, and delivered 72 million multi?media messages and 6.1 billion text messages.
Here's the big one. Reported net income in the fourth quarter of 2005 was $204 million. That's not the number you want. The real number is the normalized (OIBDA) net income of $811 million. That's for the quarter, not the year. For the year, it was 333 million reported, and 8.39 Billion normalized (OIBDA). That's BILLION.
That comes to $155.25 per customer, per year, normalized net profit.
So, let's talk about 2006. Third quarter report. I'll just put out the numbers, and let you do the math.
Highest?ever reported net income of $847 million, an increase of over 280 percent from the same quarter in 2004. Normalized net income was $1.2 billion. (remember, that's for three months, not the year.)
58.7 million cellular/PCS subscribers at quarters end
ARPU increased to $49.76 for the quarter. Continued growth in data ARPU contributed to this increase in overall ARPU. In the third quarter of 2006, Cingular had 28 million active data customers, and delivered 138 million multi?media messages and 10 billion text messages.
$6 my gass! (burp)
Now that that's out of the way, here's my real point.
The swill this guy is selling is a repackaged version of what NLiz was trying to make a point out of. Everybody say it with me.
THERE IS NO AT&T. Cingular bought them, their FCC licenses, and of course, Us. Cingular let the leases lapse on towers AT&T didn't own when they were bought. Cingular changed the carrier signal in select markets so the AT&T phones wouldn't work any more. Cingular claimed there were no AT&T branded phones left, when there were. Cingular used extortion, lies, and poor service to get AT&T customers to buy new phones when they didn't need them, and sign new contracts when they didn't want them.
If you must go there, fine. I'll accept your premiss without proof. Cingular agreed to let people with low moral fiber, poor judgement, and bad teeth, run the cellular network we depend on and pay good money for. When the AT&T idiots that they hired broke our network, Cingular refused to fix it unless we paid them extra, even though we didn't hire them. Fair enough?
Even if Cingular hired every single employee AT&T had, That would only be half of Cingular's new workforce, but so what? Did Cingular's board of directors step down? No. How about the CEO? No. The CFO? No Maybe the CTO? No. The only one to step down was the CMO (chief morals officer). He was never replaced. Trying to put the blame on AT&T is clutching at straws. Should we ask every Cingular employee where they worked before they got the job with Cingular? It's even money that we'd be able to blame McDonalds for our problems with that logic, so can we put that piece of fluff behind us once and for all?
Keep sending them Cingular, I don't mind. It just brings the thread back to the top.
Birdman, how come you never mentioned that the Blue Man Group had pulled off a bloodless coup, and was running the company?
Alicia, don't worry about it. Two quotes come to mind.
1) Idealism is fine, but as it approaches reality, the costs become prohibitive.
William F. Buckley, Jr.
2) If you think hiring a professional is expensive, Wait till you hire an amateur.
Lampie The Clown