iPhone preorders cause hysteria; ATT CEO talks cell service

AT&T CEO Randall Stephenson did an interview with CNBC today to talk about his company's relationship with Apple and the new iPhone 4. Apple began taking preorders today for the device which launches in about 10 days and demand has caused network problems for AT&T and Apple. Lines at retail outlets have been impressive.

In the interview, Stephenson talks about the strength of iPad for business use and about his company's oft-maligned wireless network.

He said AT&T is working to make things better. Rumor has it the new iPhone 4 antenna system will improve reception. We'll see