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AT&T Paradyne Corp., the vaunted data networking equipment arm of AT&T Corp., last week became the first casualty of the communications giant's recent breakup when the parent company announced plans to sell the Largo, Fla.-based firm.
"By separating Paradyne from AT&T's other equipment businesses, Paradyne avoids possible conflicts in selling to AT&T's competitors," an AT&T spokesman said.
AT&T wouldn't say if it has a buyer for Paradyne, which has roughly 1,300 employees and had an approximate revenue of $300 million last year. Analysts say they haven't heard of any potential suitors.
An AT&T Paradynee spokesman...