GOIH Capital Markets: AT&T: Iphone Unlocked---We see weakness in T

We see weakness in AT&T (NYSE:T) shares now that the Iphone has been unlocked. T was the exclusive network provider of the Iphone and was counting on the revenue from that exclusivity to boost its earnings.

We see a decrease in revenue growth now the Iphone is unlocked allowing a consumer to use other network providers.

The exact effect on T's revenues has not been calculated, but we are working on the calculation and will make a trading decision based on the calculation.