|
(Continued from page 27)
AT&T sets up new group to sell home security and automation, challenging Tyco's ADT
• NEW YORK (AP) -- AT&T Inc. will start selling home automation and security services nationwide, taking on incumbents led by Tyco International Ltd.'s ADT.
• The installations and services will be sold in AT&T stores, starting with a trial this summer in Dallas and Atlanta.
• Several of AT&T's competitors, including cable TV company Comcast Corp. and phone company Verizon Communications Inc., have ventured into the home automation and security field. Dallas-based AT&T is showing more ambition with its stated goal of selling nationwide, rather than sticking to its landline service territory, as Verizon does.
• Steven Winoker, an analyst at Sanford Bernstein, said about 23 percent of U.S. homes have security systems, so there's plenty of room to grow. Even fewer have automation systems for controlling appliances, lights, heating and cooling.
• The biggest player in the field is ADT, but it has only 25 percent of the market. Many smaller companies make up the rest, according to Winoker.
•
Today in History
The Associated Press
• Today is Monday, May 7, the 128th day of 2012. There are 238 days left in the year.
•
• Today's Highlight in History:
• On May 7, 1812, English poet Robert Browning was born in London.
•
• On this date:
• In 1789, the first inaugural ball was held in New York in honor of President George Washington and his wife, Martha.
• In 1824, Beethoven's Symphony No. 9 in D minor, Op. 125, had its premiere in Vienna.
• In 1915, nearly 1,200 people died when a German torpedo sank the British liner RMS Lusitania off the Irish coast.
• In 1941, Glenn Miller and His Orchestra recorded "Chattanooga Choo Choo" for (Continued on page 29)
|
|
