Industry in brief: AT&T, Virgin

And then we have Virgin Mobile, who launched their IPO. It opened at the low end of forecasts, selling 27.5 million shares at $15 each. Hey, at least they didn’t fall below expectations. One analyst actually gave it a “sell” rating. Uh, how, praytell? What, is someone going to buy it and then just sell it because you say so? Geeeeeze. What does a company have to do to avoid the perilous “sell” tag?]]>