Does AT&T turn into a pumpkin in June?

Full Story atBrainstorm Tech.blogs.fortune.cnn.com

Broadpoint AmTech’s Brian Marshall, who has replaced Piper Jaffray’s Gene Munster as the most bullish of the mainstream Apple analysts, made several assertions of fact in an Bloomberg TV interview Friday that — if true — struck me as newsworthy. Chief among them:

* The contract that gives AT&T (T) exclusive access in the U.S. to Apple’s (AAPL) iPhone expires in June 2010.
* Apple is now getting a $450 subsidy from AT&T for each iPhone it sells; after June, that subsidy will be reduced to $300 for all carriers, domestic and international.
* The 4% of AT&T subscribers who use the iPhone consume roughly 40% of the network’s bandwidth.

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