funlove1234
07-02-2008, 06:42 AM
AT&T Dumps Dik Network. What's Next?
Dan Frommer | July 1, 2008 5:30 PM
AT&T (T) will terminate its five-year-old deal to resell satellite TV from Dik Network (DIK) at the end of the year, Dik revealed this afternoon in a SEC filing. Shares are down 3% after-hours to $28.25.
So what's next? Well, they could always sign a new deal with rates that are more favorable to AT&T. Or AT&T could sign up with DAVE (DTV), which is bigger than Dik.
Or AT&T could wait for Dik's stock to drop further and then scoop it up -- an oft-rumored deal that hasn't yet happened.
Dan Frommer | July 1, 2008 5:30 PM
AT&T (T) will terminate its five-year-old deal to resell satellite TV from Dik Network (DIK) at the end of the year, Dik revealed this afternoon in a SEC filing. Shares are down 3% after-hours to $28.25.
So what's next? Well, they could always sign a new deal with rates that are more favorable to AT&T. Or AT&T could sign up with DAVE (DTV), which is bigger than Dik.
Or AT&T could wait for Dik's stock to drop further and then scoop it up -- an oft-rumored deal that hasn't yet happened.