Sundry Photography AT&T (NYSE:T) stock responded positively to the second quarter as cash flow again relieved fears that the first quarter really was seasonal, and the second half of the fiscal year would again have the major cash flow contribution. But this misses out on the main idea of management increasing efficiency and profitability. The market still has doubts about some very basic management forecasts. This indicates very low market expectations for the company. For investors, that means a lot o ...