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VZ Market Currents
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Friday 12:52 PM Mobile devices now make up 20.2% of U.S. web traffic, according to ad network Chitika - smartphones account for 14.6%, and tablets, which are seeing traffic grow especially quickly, make up 5.6%. Such growth, which AT&T (T) and Verizon (VZ) claim justifies their spectrum-purchase attempts, begs the question of how long carriers can maintain their muted capex spending - infrastructure providers such as ERIC, ALU, JNPR, FFIV, ALLT and PKT badly hope there's a pickup. (also)
1 Comment[Tech]
- Friday 9:33 AM Verizon Wireless' (VZ, VOD) spectrum purchases from cable providers will likely be approved in spite of intense scrutiny and criticism, analysts and industry insiders maintain. Verizon's offer to sell blocks of 700 MHz. spectrum are seen as an adequate compromise (though T-Mobile isn't interested). However, yesterday, Senator Herb Kohl wrote a letter expressing concerns about the purchases, and the accompanying reseller deals. The FCC's review of the deal is set to end on August 7. [Tech, M&A]
- Friday 8:58 AM At the top of Goldman Sachs' VIP List of 50 stocks most important to hedge funds is Apple (AAPL), followed by GOOG, ESRX, MSFT, QCOM, C, GM, PCLN, JPM and LMCA. Leading the list of the firm's top 50 short positions is JNJ, XOM, INTC, IBM, AMZN, T, CVX, VZ, DUK and DIS. [Quick Ideas]
- Tuesday 1:17 PM As Dish Network (DISH) tells the FCC to wait until at least 2016 for a 4G network launch, MetroPCS (PCS) and T-Mobile (DTEGY.PK) are calling for the agency to require Dish to sell half of its 40 MHz. of spectrum. Like others, the carriers think Dish will try to sell some or all of its spectrum to Verizon Wireless (VZ, VOD and/or AT&T (T), thereby putting smaller rivals at a disadvantage. [Tech, M&A]
- Tuesday 12:28 PM Apple (AAPL) still has the world's most valuable brand, according to BrandZ's annual study, which estimates its value has risen 19% Y/Y to $182.9B. IBM is believed to have passed Google (GOOG) for the #2 spot thanks to a 15% increase, while McDonald's (MCD) is seen holding steady at #4 in spite of a 17% gain. Also in the top 10: Microsoft (MSFT), Coca-Cola (KO), Marlboro (PM), AT&T (T), Verizon (VZ), and China Mobile (CHL). [Tech, Consumer]
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at CNBC.com (Fri, 4:25PM)
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at MarketWatch.com (Wed, 10:05AM)
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at CNBC.com (Tue, 4:10PM)
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at CNBC.com (Tue, 12:13PM)
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at MarketWatch.com (Mon, 4:14PM)
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Company Description
Verizon Communications Inc. (Verizon, or the Company) is one of the world’s leading providers of communications services. Formerly known as Bell Atlantic Corporation, we were incorporated in 1983 under the laws of the State of Delaware. We began doing business as Verizon Communications Inc. on... More