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[alchemytrader]

13:52 EST - Airplane Wi-Fi provider GOGO was down some 7% through midday following its 3Q report, but that red is now green in the wake of AT&T (T) saying it will drop plans to offer a competing service. T disclosing its in-air Wi-Fi intentions in late April sent GOGO shares on a 1-day 29% stock swoon, a decline the company has yet to fully reverse. But with a big potential competitor out of the way and if GOGO can continue to log revenue growth like 3Q's 22%, shares might find an upward trajectory. They're up 1.4% at $16.87, trimming the year's slump to 32%.