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Sales at the consumer unit plunged 26percentto to $2.8 billion, extending declines.
Pfizer may balk at selling the consumer unit in pieces, however.
But Covad and Rhythms may be fairly strong acquisition candidates for the AT&T consumer unit.
As in the consumer unit, the problem in the business-services operation did not appear huge.
On Wednesday, ViSalus, a health and wellness consumer unit of Blythe, said it was shelving its I.P.O.
Without the consumer unit, he said, AT&T could be seen as a $42 billion company growing at 12percentt.
Brian T. Moynihan, 49, the head of the bank's big consumer unit, is perhaps the top contender.
The deal would significantly increase the size of Johnson & Johnson's consumer unit, the smallest of the company's three main divisions.
Ms. Bernard, a former Qwest executive, was hired last March to try to reinvigorate the consumer unit.
In January, AT&T predicted that revenue at the consumer unit would decline "in the mid-20mid-20percente".
That company will also control AT&T's consumer unit, which is dominated by its shrinking long-distance business.
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CEO of Professional Science Editing for Scientists @ prosciediting.com