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Randall Stephenson

ceo, at&t inc.

Randall Stephenson, COO (named CEO on June 4, 2007) of AT&T Inc., addresses the Boston College Chief Executives' Club of Boston at the Wharf Room at the Boston Harbor Hotel.

AT&T COO Sees IPhone Launching On Schedule At End Of June

AT&T Inc. (T) is on schedule to launch Apple Inc.'s (AAPL) much-hyped iPhone at the end of June, according to AT&T Chief Operating Officer Randall Stephenson.

The affirmation comes amid speculation Apple would have to delay the launch for further testing of the mobile device. Last week, the company siad it would delay the release of Leopard, the next upgrade of its operating system, to devote more resources to the iPhone.

(bottom right, clockwise) Ronald Homer (CEO, Access Capital Strategies), Peter Lynch (Vice Chairman & Trustee, Fidelity Management & Research), Cathy Minehan (President & CEO, Federal Reserve Bank of Boston), Jose Alvarez (President & CEO, Stop & Shop), James Taiclet (Chairman & CEO, American Tower Corporation), Fr. William McInnes (Former President, Association of Jesuit Colleges & Universities), Joseph Campanelli (President & CEO, Sovereign Bancorp, Inc.), P. Steven Ainsley (Publisher, Boston Globe)), Patrick McGovern (Chairman, International Data Group), Lawrence Fish (Chairman, Citizens Financial Group)

It's a testament to the importance of the iPhone to both Apple and AT&T, as the device is poised to potentially shake up the handset industry. While it didn't make an appearance at last month's CTIA Wireless trade show, it still was widely discussed.

AT&T's wireless arm is the only carrier that will sell the device in conjunction with its service. Stephenson reiterated coments made at the trade show when he said more than 1 million customers have signed up on the Web site expressing interest for the phone.

Stephenson made the comments at a Boston College Chief Executives' Club luncheon. Those comments were confirmed by spokesman Michael Coe.

Members of the media crowd around Mr. Stephenson.

While the launch time frame of June is widely known, it's still unclear what the pricing plan will be. Apple and AT&T said the price will be $499 to $599, depending on the memory of the device, but they have yet to comment on any potential rebates. Discounts are common for customers who sign a long-term contract with a carrier.

AT&T was up 4 cents in recnt premarket activity, to $39.01, while Apple was down 26 cents to $90.14.

Dow Jones Newswires
Article by Roger Cheng
Thursday, April 19, 2007