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Verizon Communications (VZ)

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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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  • Jan. 13, 2011, 3:22 PM
    JPMorgan downgrades mobile marketing apps maker Smith Micro Software (SMSI -14.4%) to Neutral from Overweight. Given Smith Micro's recent full year guidance, JPMorgan believes the stock price already reflects any benefits from the iPad (AAPL) and the Verizon (VZ +0.8%) LTE launch.
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  • Jan. 13, 2011, 1:48 PM
    JPMorgan launches telecom coverage on 14 stocks, noting Sprint (S +0.7%), through its operational turnaround, has the "largest potential upside" over the next 3 years. But AT&T (T -0.3%) and Frontier (FTR +0.1%) have the highest cash flow yields. Overall, telecoms are seeing strong cash flow in 2011.
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  • Jan. 12, 2011, 5:08 PM
    The Verizon (VZ) iPhone (AAPL) will be a boon for Qualcomm (QCOM), which will collect royalties on its CDMA technology, as well as revenues from the embedded wireless chip in the device, says Morgan Stanley. Predicting the sales of 13M Verizon iPhones, Qualcomm should see $130M in extra chip revenue this year. QCOM -0.2% AH.
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  • Jan. 12, 2011, 2:59 PM
    Verizon's (VZ +0.1%) deal for the iPhone (AAPL +0.6%) took 4 years of wrangling over branding, revenue sharing, and quality measures. Clearly, any rival wanting to break into the exclusive iPhone club will have to endure a few hurdles to get there. That alone may give AT&T (T +0.6%) and Verizon some extra breathing room.
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  • Jan. 12, 2011, 10:50 AM
    The Verizon (VZ) iPhone 4 (AAPL) may resemble AT&T's (T) version, but the guts are quite dissimilar, in part so the device can run on Verizon's CDMA network. This also means Verizon's iPhone can't transmit voice and data simultaneously, and it won't work in as many countries as AT&T's GSM-based device does.
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  • Jan. 12, 2011, 10:00 AM
    Goldman Sachs downgrades AT&T (T +0.5%) to Neutral from Buy, given Verizon (VZ) is now officially an iPhone (AAPL +0.4%) reseller. For 2011, it believes Verizon's proportionate revenue growth will surpass AT&T's by 4.6%. But Piper Jaffray also is Neutral on Verizon, believing it won't "steal an excessive number" of AT&T customers.
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  • Jan. 12, 2011, 9:33 AM
    Deutsche Bank downgrades Verizon (VZ +0.8%) to Hold, based on limited potential upside to the stock, preferring AT&T (T) as a Buy. But Goldman upgrades Verizon to Buy from Neutral, claiming Street estimates don't fully reflect 2011's wireless opportunity, and there will be continued share price outperformance.
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  • Jan. 11, 2011, 3:43 PM
    Verizon (VZ) may spend $3B to $5B in subsidies to move its iPhone 4 (AAPL), so while the device may win it subscribers from AT&T (T), it will also crimp its own profits. "You basically write customers a $400 check," says UBS. Verizon earnings will drop to $2.20/share in 2011, from an estimated $2.26/share in 2010, says UBS.
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  • Jan. 11, 2011, 3:08 PM
    The fact that Verizon's (VZ) iPhone 4 (AAPL) won't exploit the carrier's 4G LTE network may boost Motorola Mobility (MMI) long term, says C.L. King. In Q2, Motorola will field a Droid Bionic phone and the Xoom tablet, both optimized for Verizon's LTE. After an operating loss in Q1 because of the new iPhone, these devices might let Motorola rebound.
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  • Jan. 11, 2011, 1:17 PM
    The recent drop in the share prices of Verizon (VZ -2%) and AT&T (T -1.8%) is perhaps more about investors attempting "to figure out the impact of the Verizon iPhone (AAPL -0.3%) than the long-term financial and dividend picture for those two companies," notes Richard Shaw. What counts most is data delivery - not declining wireline revenue.
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  • Jan. 11, 2011, 11:36 AM
    Verizon Wireless (VZ, VOD) will sell the iPhone 4 (AAPL), a rebranded version of the existing device, starting on February 10, at a base price of $200. The data plan pricing info wasn't publicly available yet. The move most likely will squeeze AT&T (T -1.3%), which has been mocking Verizon's network capability.
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  • Jan. 11, 2011, 11:30 AM
    Moody's cuts ratings on convertible notes for RadioShack (RSH) - now pressing 52-week lows, -2.4% to $17.05, just part of a rough week for the mobile-dependent company as Verizon Wireless (VZ, VOD) announces its iPhone (AAPL).
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  • Jan. 11, 2011, 11:13 AM
    After much speculation and anticipation, Verizon (VZ -1.9%) makes it official: the Verizon iPhone 4 (AAPL -0.3%) is coming early next month. Verizon has been preparing the launch carefully, testing its network to make sure it has adequate spectrum, says Verizon Wireless CEO Dan Mead.
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  • Jan. 11, 2011, 8:56 AM
    The rumored Verizon Wireless (VZ, VOD) iPhone (AAPL) could cannibalize Android (GOOG) shipments by the million, given pent-up demand from subscribers who had no Apple alternative with the carrier, say some analysts. On the other hand, AT&T (T) may have a new incentive to push Android units and offset any losses.
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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.