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Verizon Communications (VZ)

- NYSE
  • Jan. 24, 2011, 2:27 PM
    A Baird survey says 11% of Verizon (VZ +0.3%) feature phone users will buy the new iPhone (AAPL), and another 18% claim a purchase is probable. A quarter of Verizon smartphone users will probably switch, too. This may dampen 2011 earnings - which Baird estimates will be $2.10/share, below the average of $2.21/share.
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  • Jan. 24, 2011, 12:08 PM
    Research In Motion (RIMM +1.1%) hopes to fend of the iPhone (AAPL +2.2%) by offering software to let BlackBerry users segregate personal info from work apps like email. This will further differentiate BlackBerry from Apple and Android (GOOG -0.4%) phones, which are used professionally and privately without proper security.
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  • Jan. 21, 2011, 2:00 PM
    Research in Motion (RIMM -1.3%) hopes offering more enterprise-class tools that provide security and compliance will end CIO flirtation with the iPhone (AAPL -1.2%). It will offer a BlackBerry client for SharePoint (MSFT -0.8%), and middleware for app integration and to manage cloud-based mobile devices.
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  • Jan. 21, 2011, 9:53 AM
    Verizon (VZ +1.1%) will report a pre-tax charge of $600M for 2010 because of changes in its pension accounting method. The new policy, similar to one adopted by AT&T (T +0.3%), means it recognizes pension plan gains and losses in the year they happen. This "effectively moves $20.2B worth of future losses into the past," notes one observer.
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  • Jan. 21, 2011, 7:55 AM
    Verizon (VZ) asks a federal appeals court to overturn the FCC's net neutrality rules. The lawsuit is the first of several challenges expected to be filed. At the other end of the spectrum, public interest groups continue to insist net neutrality doesn't go far enough.
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  • Jan. 20, 2011, 11:01 AM
    T-Mobile (DTEGY.PK) will boost sales by $3B by 2014 and is mulling partnerships to access enough spectrum to build a next-gen wireless network. The carrier has trailed rivals who benefitted from 3G networks. It plans to rebound with new data plans and LTE services, while reducing 2011's churn rate to 2%, down from 2.4% in Q3 2010.
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  • Jan. 20, 2011, 9:46 AM
    Sources say Nokia (NOK +1.2%) nixed the rumored U.S. launch of its X7 smartphone on the AT&T (T +0.1%) network, for reasons that are unclear. Nokia needs to beef up its smartphone presence in the U.S. where it lags. Nevertheless, Nokia states it's "working hard with our U.S. carrier partners."
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  • Jan. 19, 2011, 9:21 AM
    The Q1 iPhone (AAPL) surge clearly won't help struggling Nokia (NOK -1.3%), which is expected to see continued profit decline. Apple's "stellar" quarter shows smartphone demand - but Apple's strength also will hurt "others struggling to gain traction in an extremely competitive and over supplied high-tier segment," says CCS Insight.
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  • Jan. 19, 2011, 8:28 AM
    With all the excitement around Apple's (AAPL +1.9%) Q1 numbers, analysts "blew their chance" to grill executives for hints about CEO Steve Jobs and the future. And COO Tim Cook answered one product road map query with: "I don’t want to let anyone know about our magic because I don’t want anyone copying it."
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  • Jan. 18, 2011, 1:23 PM
    Clearwire's (CLWR +2.4%) directors elect John Stanton as the new chairman, replacing Craig McCaw, who abruptly resigned last month. An industry veteran, Stanton has been a company director since 2008. Earlier this month, the board also appointed former CEO of Clearwire Benjamin Wolff as director to fill McCaw's empty slot.
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  • Jan. 18, 2011, 11:47 AM
    AT&T's (T -0.1%) pension accounting changes won't affect cash flow, notes an upbeat Gimme Credit, reiterating an Outperform rating on company bonds due in 2019. And this summer, AT&T may benefit from the next-gen iPhone (AAPL), which Verizon (VZ -1.7%) will probably delay introducing.
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  • Jan. 18, 2011, 11:26 AM
    As if things weren't tough enough on Apple (AAPL -3.3%), the venerable Consumer Reports is urging buyers to delay buying Verizon's (VZ -1.5%) iPhone. The iPhone 4 has enough flaws to merit waiting to procure the next-gen model that will ship in the summer. The current iPhone 4 is only a "transitional" device.
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  • Jan. 18, 2011, 9:45 AM
    Sources claim Taiwan-based contract manufacturer Pegatron Technology will ship from 12M to 15M CDMA-based iPhones (AAPL -3.9%) in 2011. That exceeds Pegatron's own previous 10M iPhone estimate, presumably because of surging Verizon (VZ -1.2%) subscriber demand. Pegatron is already shipping the devices.
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  • Jan. 18, 2011, 8:11 AM
    Interim Apple (AAPL -4.4%) head Tim Cook has as COO already been running the firm. Unlike CEO Steve Jobs, he's not a "visionary," but a workaholic "intense operator type." The last time Jobs took medical leave, Cook stated: "We believe that we're on the face of the earth to make great products and that's not changing."
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  • Jan. 14, 2011, 12:02 PM
    Verizon (VZ -0.3%) is creating the first real battlefield between Android (GOOG +0.6%) and the iPhone (AAPL +0.2%). Verizon fields proven Android handsets, including the Droid (MMI +2.2%) and the Fascinate (SSNLF.PK), and some will run on its 4G LTE network. Apple faces a tough fight here, but one that may dictate the rest of the war.
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  • Jan. 14, 2011, 10:04 AM
    Experts speculate Apple (AAPL -0.2%) redesigned the iPhone 4 for Verizon (VZ -0.2%) with multiple cellular antennas, presumably to avoid the "death grip" problem that plagued AT&T (T +0.4%) last summer with lost calls. Verizon no doubt has learned what to avoid. A survey says AT&T, given its spotty service, will lose 26% of its iPhone users to Verizon.
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Company Description
Verizon Communications Incis a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its two segments are Wireless and Wireline.