T- AT & T Inc.

AT&T was originally established in 1885. The company was originally known as American Telephone & Telegraph. During its long history, AT&T was at times the world's largest telephone company, the world's largest cable television operator, and a regulated monopoly. On January 31, 2005 SBC announced it would buy AT&T for $16 billion dollars and would keep the iconic name. The merger was finalized on November 18, 2005. Randall L. Stephenson is the company's current CEO, Chairman and President.

AT&T is the dominant local phone company in 22 states, serving about 50 million local phone lines and 16 million high-speed Internet users. The firm also provides phone and data services, such as Web hosting and data transport, to businesses nationwide, notably large corporations. AT&T owns 100% of AT&T Mobility, the second-largest U.S. wireless carrier with 82 million customers. The firm also owns a directory publishing business and a handful of international investments.

AT&T competes with other cellular providers such as Verizon, Sprint, T-Mobile, Metro PCS, and Virgin Mobile to name a few.

We bought AT&T because we feel it is the most dominant phone company out there and with great phones such as the iPhone and great customer satisfaction we felt this was a must buy. Our group purchased 500 shares of T stock at $26.13. We sold all 500 shares on 4/12/2010 at $26.60. We sold the shares because it was the end of the game.