New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 23, 2014
19:34 EDTNFLX, TAT&T responds to Netflix's Hastings, says 'there is no free lunch'
On Friday afternoon, Jim Cicconi, AT&T's (T) senior vice president for external and legislative affairs, responded to Netflix (NFLX) Chief Executive Reed Hastings blog post. On AT&T's Public Policy Blog Jim Cicconi said: "I saw Reed Hasting’s blog yesterday from Netflix asserting in rather dramatic fashion (with diagrams) that ISPs should build facilities (he said provide, but those facilities have to be built) to accept all of Netflix’s content – indeed all of the content on the Internet – without charge. Failure to do so, according to Mr. Hastings, was a violation of “strong net neutrality rules” and bad public policy. I thought it might be helpful to unpack those assertions so we could get right down to the core of Netflix’s rather radical proposition — that people who don’t subscribe to Netflix should nonetheless pay for Netflix. Here are some undisputed facts upon which everyone should agree...First, let’s all accept the fact that the advent of streaming video is driving bandwidth consumption by consumers to record levels. Increased bandwidth consumption and faster broadband networks like our Gigapower service in Austin, Texas (and soon Dallas) are requiring all service providers to drive more fiber into their networks to create the capacity necessary to deliver those services to consumers, whether the service providers are delivering a wireless or a wireline product...Second, we should accept that companies must build additional capacity to handle this traffic. If Netflix was delivering, for example, 10 Terabytes of data in 2012 and increased demand causes them to deliver 20 Terabytes of data in 2013, they will have to build, or hire someone to build, the capacity necessary to handle that increased volume of traffic...Third, if Netflix is delivering that increased volume of traffic to, say, AT&T, we should accept the fact that AT&T must be ready to build additional ports and transport capacity to accept the new volume of capacity as a consequence of Netflix’s good business fortune. And I think we can all accept the fact that business service costs are ultimately borne by consumers...As we all know, there is no free lunch, and there’s also no cost-free delivery of streaming movies. Someone has to pay that cost. Mr. Hastings’ arrogant proposition is that everyone else should pay but Netflix. That may be a nice deal if he can get it. But it’s not how the Internet, or telecommunication for that matter, has ever worked." Reference Link
News For T;NFLX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 10, 2014
09:12 EDTTRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
Subscribe for More Information
08:16 EDTTBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
07:30 EDTTAT&T price target lowered to $36-$38 from $42-$44 at Wells Fargo
Subscribe for More Information
06:32 EDTTAT&T shares have near-term downside risk to $30, says Citigroup
Subscribe for More Information
05:51 EDTTStocks with implied volatility movement; CBST T
Subscribe for More Information
05:15 EDTTAT&T rebrands Alltel in Georgia
AT&T has upgraded the former Alltel retail locations in Georgia and opened them under the AT&T brand. AT&T has also upgraded the former Alltel network in Georgia to combine the strength of Alltel's local coverage with AT&T's 4G LTE network. In early 2015, more than 100,000 former Alltel wireless customers in Georgia will begin using new devices that work on AT&T's network.
December 9, 2014
16:00 EDTNFLXOptions Update; December 9, 2014
Subscribe for More Information
11:48 EDTNFLXStocks with call strike movement; NFLX TSLA
Subscribe for More Information
11:29 EDTNFLXDiscovery CEO says international market 'steady, good' for company
Subscribe for More Information
10:32 EDTNFLXNetflix hits a fresh 6-month low, levels to watch
Subscribe for More Information
10:28 EDTTVerizon drops after warning about promotional impact on profits
Subscribe for More Information
07:32 EDTTUBS to hold a conference
Subscribe for More Information
06:48 EDTNFLXNetflix wants to be 'completely global' within five years, GigaOM reports
Netflix Chief Content Officer Ted Sarandos told investors at the UBS Global Media and Communications Conference that the company wants to be "completely global" and available everywhere in the world before 2020, GigaOM reports. CEO Reed Hastings has previously said that the company could eventually generate up to 80% of its revenue outside the U.S. Reference Link
December 8, 2014
18:24 EDTTOn The Fly: After Hours Movers
Subscribe for More Information
11:29 EDTNFLXNetflix falls to session lows, levels to watch
The shares are down over 2% to $342.44. At that price next support is at $340.05. Resistance is at $345.45.
10:00 EDTNFLXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
December 5, 2014
16:56 EDTNFLXNetflix initiated with a Neutral at UBS
Target $370.
11:23 EDTNFLXOption volume leaders
Subscribe for More Information
06:01 EDTTTechNet: Combined AT&T/DirecTV will increase broadband development
Subscribe for More Information
December 4, 2014
16:00 EDTNFLXOptions Update; December 4, 2014
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use