Industry watcher Jimmy Schaeffler, chairman and CEO of The Carmel Group, faults the company’s ongoing inventory management woes. “AT&T still has a lot of work to do before it can manage all of the parts of the business as well as what it’s capable of,” Schaeffler said. “This, I think, is one indication of the difficulties that they’re having managing broadband and cable and telephony and all the other telecom products that they’re trying to put together at the same time to the same consumer. It’s just not being really well-run right now.” The stock market acted appropriately, Harris said. “Yeah, it happens every year, but 40% of [Antec’s] sales are from AT&T, so clearly any time there’s any kind of rattling from their biggest customer, those stocks get rattled,” he said.