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Verizon Communications (VZ)

  • Jan. 27, 2011, 5:10 PM
    Verizon (VZ) says it will buy Terremark Worldwide (TMRK) for $19/share in cash, or $1.4B, a 35% premium over today's closing price of $14.05/share. Verizon expects to close the tender offer late in Q1. TMRX halted; VZ +0.4% AH. (PR)
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  • Jan. 27, 2011, 4:38 PM
    Apple's (AAPL) eastern prospects are looking good, with Asian revenue up 147% in the last quarter, notes Bernstein Research. Apple will probably launch 20 new stores in China this year that eventually will garner $2B annually. Bernstein predicts new distribution deals with Asian carriers that boost iPhone sales by 7M to 8M units per year.
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  • Jan. 27, 2011, 2:45 PM
    Apparently, Verizon (VZ) will let existing corporate customers buy an iPhone (AAPL) on Feb. 3, a week before the general public. It's also offering some existing AT&T (T -3%) iPhone customers a chance to trade in their devices for a credit when buying the Verizon iPhone 4. The market will watch the outcome of this offer closely.
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  • Jan. 27, 2011, 11:23 AM
    Sanford Bernstein notes AT&T's (T -2.9%) Q4 marked the "Twilight of Monogamy" - or the loss of iPhone (AAPL -0.1%) exclusivity. But in Q4, AT&T only added a disappointing 400K contract wireless subscribers, while the Street wanted to see 541K. Now it must contend with Verizon (VZ -0.3%) and its new iPhone.
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  • Jan. 27, 2011, 8:31 AM
    Premarket, Motorola Mobility (MMI) is -7.6% after offering weak guidance for Q1, although it reported a profitable Q4. Motorola sees a Q1 net loss per share of $0.09 to $0.21. That exceeds the $0.08/share loss consensus estimate.
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  • Jan. 26, 2011, 2:19 PM
    Microsoft (MSFT +1.6%) shipped 2M units of the Windows Phone 7 OS last quarter, compared to sales of 16.24M iPhones (AAPL +1%) in Apple's Q1. As a consolation, customer satisfaction for WP7 is 93% - and that, along with "active developer support," hint at long-term sales volumes, says an exec.
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  • Jan. 25, 2011, 4:31 PM
    Apple's (AAPL) plan to add mobile phone payment technology to its devices could boost Broadcom (BRCM), says Wedge Partners. The chipmaker is already testing the enabling near field communications tech. The aggressive Broadcom even has "numerous" handset payment design wins - possibly even the iPhone's.
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  • Jan. 25, 2011, 3:42 PM
    To encourage more AT&T (T +0.6%) subscribers to defect, Verizon (VZ +1.2%) will at least briefly offer iPhone (AAPL) buyers a $30 unlimited data plan. "I’m not going to shoot myself in the foot," said Verizon COO Lowell McAdam. AT&T has offered tiered pricing since last summer.
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  • Jan. 25, 2011, 2:59 PM
    During its Q4, Verizon (VZ +0.9%) added 872K wireless contract customers, beating analysts' estimates, which ran from 600K to 724K. This just increases how many subscribers it can push the iPhone (AAPL) on. Q4 revenue for the wireline business dipped 2.8% to $10.3B, as customers defected to mobile or cable services.
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  • Jan. 25, 2011, 12:43 PM
    In a bad omen for Research in Motion (RIMM), after a 2-month trial, Deutsche Bank Equity Research (DB) will swap out its BlackBerry email and communications system for an iPhone (AAPL)-based one. In addition to superior usability, the iPhone had the App Store as a "huge competitive differentiator." 
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  • Jan. 25, 2011, 11:33 AM
    Nokia (NOK) is -4.3% on expectation it will report yet more handset market share loss in Q4. It faces rivals like Apple (AAPL +0.3%) on one side, and low cost Asian vendors at the other. "It is caught in a pincer movement," notes Strategy Analytics, which predicts Nokia's Q4 market share will be about 33%, down from 2009 Q4's 39%.
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  • Jan. 25, 2011, 9:44 AM
    Sources says Apple (AAPL -0.7%) has selected Taiwan-based contract manufacturer Pegatron to produce 'at least' 10M iPhone 5 units. Given Apple will probably also use Foxconn (FXCNY.PK) to produce the device, the initial batch of the model could be much bigger. Pegatron is trying to fulfill its existing 12M to 15M iPhone 4 order.
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  • Jan. 25, 2011, 8:12 AM
    Sources claim the iPhone (AAPL -0.2%) and iPad will get a 'near-field communication' boost to let customers make mobile purchases. This is a no-brainer, given the boom in mobile transactions. It could also cut out middlemen like PayPal (EBAY) and lower Apple's transaction costs.
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  • Jan. 25, 2011, 6:43 AM
    Verizon Communications (VZ): Q4 EPS of $0.54 misses by $0.01. Revenue of $26.39B (-2.6% Y/Y) misses by $0.09B. (PR)
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  • Jan. 25, 2011, 12:05 AM
    Notable earnings before Tuesday's open: AKS, BHI, BTU, COH, DD, DGX, EAT, EMC, ERIC, GLW, HOG, JNJ, KEY, KMB, MMM, NEE, RF, TLAB, VZ, X
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  • 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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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.