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Verizon Communications (VZ)

  • Jan. 7, 2011, 8:11 AM
    Verizon Wireless' (VZ, VOD) temporary promotion charging $10 for limited data service resulted in a surge in subscribers. Now that that offer is due to expire in January, the company is "considering every option," including making the plan permanent. Premarket, Verizon is -0.4% and Vodafone is -1.6%.
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  • Jan. 6, 2011, 2:29 PM
    Dell (DELL +2.5%) jumps into the tablet PC melee at CES, announcing its new Streak 7 device, which will run on T-Mobile's (DTEGY.PK) 4G network. The Streak is aimed at families who want multi-media content. Under the covers is the next-gen dual-core Tegra 2 (NVDA) chip and the Android OS (GOOG). (PR)
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  • Jan. 6, 2011, 11:34 AM
    A telecom selloff marked the past hour's stock dip, with declines in AT&T (T -2%), Verizon (VZ -2.4%), MetroPCS (-6.9%) and Leap Wireless (LEAP -1.5%). But: Sprint (S) +0.4%, Deutsche Telekom (DTEGY.PK) +0.6%. And Clearwire (CLWR) is up 9.9%. Stocks are off session lows: The Dow -0.3%, S&P 500 -0.3%, Nasdaq +0.1%.
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  • Jan. 6, 2011, 11:11 AM
    Analysts give a cautious thumbs-up to Motorola Mobility’s (MMS +2.6%) CES performance, as it unveils its Xoom tablet, new phones, and a phone 'lapdock' that allows the device to function as a laptop. Gleacher & Co. believes the new Droid Bionic phone for Verizon (VZ -2.1%) will help offset losses caused by the upcoming Verizon iPhone (AAPL).
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  • Jan. 5, 2011, 1:29 PM
    AT&T (T) is accelerating its Long-Term Evolution project to get 4G services online by mid-2011, with new Android (GOOG) based-devices from Motorola Mobility (MMI), HTC, and Samsung (SSNLF.PK) in the works. In all, AT&T will offer 20 4G devices this year, in part to offset any potential losses when it ceases to have iPhone (AAPL) exclusivity.
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  • Jan. 4, 2011, 4:08 PM
    No wonder so many vendors will enter the tablet PC race: 2010's U.S. sales of 10.3M will probably double in 2011, says Forrester. Users will replace the devices as if they were cellphones. And "many first-gen iPads (AAPL) will end up entertaining the kids in the back of the car while Mom and Dad get the shiny new model."
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  • Jan. 4, 2011, 3:27 PM
    Apple (AAPL +0.2%) stock reaches $331.37/share, creating a new 52-week high. This is possibly the result of some sort of tablet PC ripple effect from CES, although officially, Apple's not even in attendance. Then again, even if it's not there, Apple's there in mind, anyway.
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  • Jan. 4, 2011, 3:02 PM
    At least 100 new tablet PC models will soon hit the market in hopes of duplicating the iPad's (AAPL +0.2%) success. Despite the pundits' predictions, picking a winner is tough, as "the possibilities for successes and failures are endless." But at least one very likely bit of "road-kill" has been identified: the netbook.
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  • Jan. 4, 2011, 2:26 PM
    Wells Fargo (WFC +0.6%) will test a new mobile phone payments service, 3 years after a prior trial failed. The new experiment will involve 200 employees using near-field communications technology. The technology may handle as much as $22B in payment transactions by 2015, up from almost zero in 2010.
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  • Jan. 4, 2011, 11:49 AM
    The market overall doesn't like Apple (AAPL), given the momentum of the Android OS (GOOG), said Oppenheimer. Street respect, as well as revenues, will increase if, as expected, Verizon Wireless (VZ, VOD) offers the iPhone in 2011. Access to Verizon's network might even mean Apple's "willing to make some sacrifices," including caving on price.
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  • Jan. 4, 2011, 11:29 AM
    Google (GOOG -0.4%) may leverage its Android footprint to create a mobile payment and advertising service, say sources. It's no surprise Google is ready to enter the near field communications race. In November, a consortium of companies, including Verizon (VZ +1.%), formed the Isis mobile payments venture.
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  • Jan. 4, 2011, 9:37 AM
    For Motorola (MOT) spin-off Motorola Mobility (MMI) to succeed, it must "defy history," given no mobile phone maker has ever bounced back to the top after plummeting. Motorola's handset business was number 2 worldwide in 2007, and is now seventh. But Mobility will probably see revenue of $12.6B in 2011, say analysts.
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  • Jan. 4, 2011, 8:41 AM
    Credit Suisse downgrades Ericsson (ERIC) to Neutral from Outperform, claiming the shares offer "less compelling upside," and there are "more compelling stories elsewhere globally." Last month, Goldman Sachs also downgraded the firm. Premarket, Ericsson is -1.2%.
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  • Jan. 3, 2011, 4:49 PM
    Motorola (MOT) formally splits Tuesday into Motorola Mobility and Motorola Solutions. Motorola shareholders of record on Dec. 21 will get 1 share of Mobility for every 8 shares of Motorola they held. Motorola shares will then go through a 1-for-7 reverse split and become Motorola Solutions shares.
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  • Jan. 3, 2011, 2:09 PM
    As expected, Toshiba (TOSBF.PK) is unveiling its 10-inch Tablet touchscreen PC for consumers, which will run Android's (GOOG) Honeycomb OS. The unit will ship by mid-year - but the firm's in the race for the long haul. "We are going to embrace this category, and we are looking to develop a family of tablets," says an executive.
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  • Jan. 3, 2011, 1:04 PM
    With so many existing hits to refine, Apple (AAPL +2.1%) is probably done with new products lines for at least 2011, says Piper Jaffray. The focus will be on new versions of the Mac, iPad, iPhone and iPod. But it's likely Apple will introduce cloud-based iTunes streaming services this year - possibly supported through its new datacenter.
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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.