Tag: Randall-Stephenson

All Hail King Stephenson: iPhone Surfer

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King Stephenson Randall Stephenson, iPhone prophet, became the freshly-crowned king god CEO of AT&T. After usurping succeeding the throne of Chairman of the Board from Ed Whitacre, Stephenson will have the not-so-monumental task of proving his worth by how well he can surf on another company’s popularity. There are a few challenges that await him, though.

He’ll have to finish the integration of BellSouth, an $86 billion purchase, and the AT&T long-distance business, bought for $16 billion in 2005, while trying to grow revenue in a wireless business that’s facing heavy competition.

Think he’ll be able to ride the wave past Verizon?

New AT&T CEO: “You want the iPhone? You want the iPhone? You can’t handle the iPhone!”

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iPhoneThat may be an exaggeration. Randall Stephenson, current COO and heir-apparent to the throne of AT&T, actually said:

“I don’t know what your expectations are for the iPhone, but they’re probably too low,” he said during the Lehman Brothers analyst conference Wednesday.

I’ll admit it, my expectations of the iPhone are pretty low, but when he goes on to say that it will be a “game changer” for their wireless arm, it can’t really be denied that sales are going to be good for this thing. Forecasts have been good, and c’mon – it’s Apple. They’re an established brand that’s built a lot of hype around its product, and AT&T is totally going to be cashing in on its three months of exclusivity.