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  1. #1
    Tim
    Guest
    http://money.cnn.com/2008/04/04/tech.../index.htm?pos
    tversion=2008040414

    Last Updated: April 4, 2008: 2:34 PM EDTVerizon's tough call
    The No. 2 wireless carrier desperately needs new revenue streams to offset
    declines in its core home phone business.
    By Scott Moritz, writer
    NEW YORK (Fortune) -- Verizon Wireless scored a major coup recently when it
    agreed to pay nearly $9.4 billion for wireless spectrum to build what could
    be the country's largest and fastest cellphone network. In a victory lap of
    sorts, Verizon executives on Friday hosted a conference call during which
    they predicted the network would blanket the nation in two years and
    boasted of the huge revenue opportunity for years to come.

    CEO Ivan Seidenburg went so far as to call the company's ambitious plans
    for the newly-acquired 700 megahertz radio waves "transformative."

    Let's hope so. Verizon's (VZ, Fortune 500) warm and fuzzy forecast of a
    gleaming future in wireless masks the cold reality facing the country's No.
    2 wireless carrier: It's core business, landline phones, is slowly
    disappearing and the amount of debt it's taking on to finance a 4G network,
    as the next-generation of cellphone services are called, is rising fast.

    Craig Moffett, an analyst with Bernstein Research, noted as much in a
    message to investors on Friday. Timed to Verizon's presentation to analysts
    on Friday, Moffett released a report in which he reminded investors that
    the company's present outlook is "nothing short of dismal."

    "Someday, Verizon will be all about wireless data [and] rule the roost in
    wireless broadband," wrote Moffett. "Someday... but not today."

    Specifically, Moffett noted, Verizon primary customer lines were cancelled
    at a rate of 10.6% last year as more customers switched to cable or
    wireless phone services. The pace of that decline is accelerating,
    according to Moffett, who points out that Verizon's primary residential
    phone lines have dropped by 27% since 2002.

    Home phone service is still Verizon's biggest business, but it now accounts
    for only 29% of sales, according to Moffett. Verizon reported revenues of
    $93.5 billion in 2007.

    Many customers are fleeing to cable companies like Comcast (CMCSA) and Time
    Warner Cable (TWC), which have successfully bundled lower-cost video,
    calling and Internet access services into single monthly packages. In
    response, Verizon and AT&T (T, Fortune 500) are building expensive video
    systems, but they're still losing customers by the thousands.

    Wireless growth has long been Verizon's salvation in this downward trend.
    The carrier has not only gained mobile phone users from the steady decline
    in landline customers, it has also profited from the higher revenue
    generated by wireless calls. That's because, unlike a conventional call
    where customers pay only for the calls made, wireless carriers bill for
    calls made and received.

    Even so, wireless services alone won't completely offset the revenue
    shortfall from fewer landline customers, which is why Verizon is investing
    heavily in mobile data services like Web access, GPS navigation and e-mail.
    What's more, Verizon is hoping that a joint venture with Vodafone (VOD)
    will give it the global scale necessary to negotiate lower prices on
    infrastructure and phones once it switches to a new wireless technology
    known as long term evolution, or LTE.

    The cost of building its 4G wireless broadband network will be staggering,
    according to some analysts. Verizon isn't saying how much it plans to spend
    building the network, but has estimated that its total capital investments
    will be less than the $17.5 billion spent in 2007. That does not include
    the $9.36 billion it now owes on the wireless spectrum licenses.

    To be sure, Verizon doesn't have much trouble attracting fresh capital
    these days. This week the company raised $4 billion from debt sales to help
    pay for the wireless spectrum. This pushes Verizon's total debt to about
    $35.1 billion. As investors have grown leery during the broader credit
    crisis on Wall Street, Verizon may find it harder, and more expensive, to
    secure additional funding in the future.

    The big telco is in a tight spot. Wireless expansion is necessary to offset
    its core declines, but the problem is that investors won't like the costs
    or the deeper debts required to make it happen.

    First Published: April 4, 2008: 2:18 PM EDT





    See More: Analyst: Verizon's outlook is "nothing short of dismal."




  2. #2
    Mark Crispin
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    So, this article says that Verizon Wireless, the cell phone company, is so
    incredibly successful that it is propping up Verizon's wired landline
    business; and that Verizon's management is betting the company's future on
    Verizon Wireless rather than the wired landline business.

    And this is supposed to news to anyone? Every wired landline business in
    the world is sinking. Most wired landline companies saw the writing on
    the wall two decades ago and got into the wireless business, some quite a
    bit more successful that others.

    Verizon is one of the companies which has been successful in its wireless
    business, and it is investing heavily in that business (at the cost of
    short-term profits), in order to stay successful.

    The jury is out on the "new AT&T" (nee' Cingular) and AT&T Mobility. The
    old AT&T got into wireless much the same way, by buying McCaw Cellular One
    and rebranding it as "AT&T Wireless". Hopefully AT&T management has
    studied that debacle, and taken effective measures to avoid repeating
    those mistakes.

    It is unclear what this analyst would like to see Verizon's management do.
    Verizon has shed itself of legacy businesses such as IDEARC and Fairpoint,
    and will probably continue to do so. But failing to invest aggressively
    in its wireless network, although it may please short-term investers,
    would be long-term suicide.

    -- Mark --

    http://staff.washington.edu/mrc
    Science does not emerge from voting, party politics, or public debate.
    Si vis pacem, para bellum.



  3. #3
    Larry
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    [email protected] (Tim) wrote in news:20080405002827.A444B4E4B6
    @outpost.zedz.net:

    > Verizon is hoping that a joint venture with Vodafone (VOD)
    > will give it the global scale necessary to negotiate lower prices on
    > infrastructure and phones once it switches to a new wireless technology
    > known as long term evolution, or LTE.
    >


    Oh, boy! Let's screw up another generation of data delivery with about 10
    new, and of course completely incompatible, "systems" designed to prevent
    churning so we can screw 'em with charges.

    The Sellphone industry hasn't learned its lesson, yet......

    But it's about to.................................................Wimax




  4. #4
    Dan
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    Mark Crispin wrote:

    > So, this article says that Verizon Wireless, the cell phone company,
    > is so incredibly successful that it is propping up Verizon's wired
    > landline business; and that Verizon's management is betting the
    > company's future on Verizon Wireless rather than the wired landline
    > business.
    >
    > And this is supposed to news to anyone? Every wired landline
    > business in the world is sinking. Most wired landline companies saw
    > the writing on the wall two decades ago and got into the wireless
    > business, some quite a bit more successful that others.
    >
    > Verizon is one of the companies which has been successful in its
    > wireless business, and it is investing heavily in that business (at
    > the cost of short-term profits), in order to stay successful.
    >
    > The jury is out on the "new AT&T" (nee' Cingular) and AT&T Mobility.
    > The old AT&T got into wireless much the same way, by buying McCaw
    > Cellular One and rebranding it as "AT&T Wireless". Hopefully AT&T
    > management has studied that debacle, and taken effective measures to
    > avoid repeating those mistakes.
    >
    > It is unclear what this analyst would like to see Verizon's
    > management do. Verizon has shed itself of legacy businesses such as
    > IDEARC and Fairpoint, and will probably continue to do so. But
    > failing to invest aggressively in its wireless network, although it
    > may please short-term investers, would be long-term suicide.
    >
    > -- Mark --


    I met your mom and step dad(?) about 15 years ago in the Skamania Lodge
    dining room. We were talking and she mentioned your name. I started
    to chuckle and she asked if I knew you. I did not want to tell her
    that you were a known troll from seattle.general. I was polite in
    referencing you. She might've mentioned the conversation to you. I'm
    sure that you know that your mom visited the Skamania Lodge around
    1993-1994, so I am not making this up.

    I hope that your mom is well. She sincerely seemed like a great lady.
    If she is still around, ask her about the conversation. Tell your mom
    that I said 'hi'.

    I have not seen your name pop up on my screen in a while and I just
    remembered meeting your mom.

    It's a small world...
    --




  5. #5
    DTC
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    Larry wrote:
    > But it's about to.................................................Wimax


    WiMAX.
    .
    .
    .
    .
    .
    .







  6. #6
    Todd Allcock
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    At 05 Apr 2008 01:45:50 +0000 Larry wrote:

    > > Verizon is hoping that a joint venture with Vodafone (VOD)
    > > will give it the global scale necessary to negotiate lower prices on
    > > infrastructure and phones once it switches to a new wireless technology
    > > known as long term evolution, or LTE.
    > >

    >
    > Oh, boy! Let's screw up another generation of data delivery with about

    10
    > new, and of course completely incompatible, "systems" designed to prevent
    > churning so we can screw 'em with charges.



    Actually, in this case, it's just the opposite- Verizon, the largest CDMA
    carrier, is planning to adopt the same 4G system most GSM carriers plan to
    adopt- we're actually coming full circle- interoperability beteen most, if
    not all, carriers. European GSM 4G phones will be able to roam on Verizon,
    and vice-versa.

    > The Sellphone industry hasn't learned its lesson, yet......
    >
    > But it's about to.................................................Wimax


    *Sigh*... It's going to be like watching a six-year-old discover there's
    no Santa Claus when you see WiMax deployed...






  7. #7
    George
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    Larry wrote:
    > [email protected] (Tim) wrote in news:20080405002827.A444B4E4B6
    > @outpost.zedz.net:
    >
    >> Verizon is hoping that a joint venture with Vodafone (VOD)
    >> will give it the global scale necessary to negotiate lower prices on
    >> infrastructure and phones once it switches to a new wireless technology
    >> known as long term evolution, or LTE.
    >>

    >
    > Oh, boy! Let's screw up another generation of data delivery with about 10
    > new, and of course completely incompatible, "systems" designed to prevent
    > churning so we can screw 'em with charges.
    >
    > The Sellphone industry hasn't learned its lesson, yet......
    >
    > But it's about to.................................................Wimax
    >


    You really haven't been keeping up on things. This is only the latest in
    a series of failures because it works about 5% as well as it was promoted.:


    "Australia’s WiMAX pioneer, Buzz Broadband, closed its network, with the
    operator’s CEO publicly calling the technology a “disaster” that “failed
    miserably.”..."

    http://www.electronista.com/articles....wimax.closed/



  8. #8
    Larry
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    George <[email protected]> wrote in
    news:[email protected]:

    > Buzz Broadband


    Here has been WiMax's problem. How much capital do you think "Buzz
    Broadband" has? Can we count it on one hand?

    The big boys have brought bags of cash to WiMax, now, and YOU haven't been
    keeping up!

    Nokia is in production of WiMax internet tablets. I doubt they intend
    Wimax to die so this production will be wasted. Now owning over 40% of the
    sellphone market of the world, Nokia can simply buy anything it wants from
    petty cash.....including a WiMax network across the planet to put it on.




  9. #9
    DTC
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    Larry wrote:
    > The big boys have brought bags of cash to WiMax, now, and YOU haven't been
    > keeping up!


    True...Just as so many investors brought bags of cash to internet
    startups ten years ago. Therefore using the amount of cash infused into
    WiMax as a metric of it potential of success is flawed. Its not a
    metric of its success yet as it hasn't been deployed in enough areas
    to evaluate.

    The failure of the Australian WiMax project has now moved to the
    finger pointing stage, so we really don't have any tangible facts why
    it allegedly failed.




  10. #10
    Rod Speed
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    George <[email protected]> wrote
    > Larry wrote
    >> [email protected] (Tim) wrote


    >>> Verizon is hoping that a joint venture with Vodafone (VOD)
    >>> will give it the global scale necessary to negotiate lower prices on infrastructure and phones once it switches to a
    >>> new wireless technology known as long term evolution, or LTE.


    >> Oh, boy! Let's screw up another generation of data delivery with
    >> about 10 new, and of course completely incompatible, "systems"
    >> designed to prevent churning so we can screw 'em with charges.


    >> The Sellphone industry hasn't learned its lesson, yet......


    >> But it's about to.................................................Wimax


    > You really haven't been keeping up on things.


    You in spades.

    > This is only the latest in a series of failures because it works about 5% as well as it was promoted.:


    You line in spades.

    > "Australia’s WiMAX pioneer, Buzz Broadband,


    Thats a lie.

    > closed its network, with the operator’s CEO publicly calling the technology a “disaster” that “failed miserably.”..."


    > http://www.electronista.com/articles....wimax.closed/


    And Internode said that theirs works fine, using the same supplier,
    so that clown clearly couldnt implement a pissup in a brewery.





  11. #11
    Rod Speed
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    DTC <[email protected]> wrote
    > Larry wrote


    >> The big boys have brought bags of cash to WiMax, now, and YOU haven't been keeping up!


    > True...Just as so many investors brought bags of cash to internet startups ten years ago.


    That isnt what happened.

    > Therefore using the amount of cash infused into WiMax as a metric of it potential of success is flawed. Its not a
    > metric of its success yet as it hasn't been deployed in enough areas to evaluate.


    That last is a pig ignorant lie.

    > The failure of the Australian WiMax project


    And that is another lie. There is no such animal that has failed.

    > has now moved to the finger pointing stage,


    Yep, with a MUCH bigger broadband operation saying that
    their WiMax using hardware from the same supplier works fine.

    > so we really don't have any tangible facts why it allegedly failed.


    Another lie. We do know that that clown that claims it doesnt work
    'runs' a tiny little pimple on the bum of broadband in one particular
    town and that Internode is a MUCH bigger national operation and
    that Internode says that that clown hasnt got a ****ing clue about
    how to implement a viable WiMax operation.

    AND WiMax is an enhancement of wifi, which hordes use every single day too.





  12. #12
    DTC
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    Rod Speed wrote:
    > DTC <[email protected]> wrote
    >> True...Just as so many investors brought bags of cash to internet startups ten years ago.

    >
    > That isnt what happened.


    What didn't happen? Investor didn't bring bags of money to startups?
    http://en.wikipedia.org/wiki/Dot-com_bubble
    At the height of the boom, it was possible for a promising dot-com to
    make an initial public offering (IPO) of its stock and raise a
    substantial amount of money even though it had never made a profit

    >> Therefore using the amount of cash infused into WiMax as a metric of it potential of success is flawed. Its not a
    >> metric of its success yet as it hasn't been deployed in enough areas to evaluate.

    >
    > That last is a pig ignorant lie.


    How so?

    >> The failure of the Australian WiMax project

    >
    > And that is another lie. There is no such animal that has failed.


    Garth Freeman does not share your opinion.
    http://mobile.slashdot.org/mobile/08.../1512220.shtml

    >> has now moved to the finger pointing stage,

    >
    > Yep, with a MUCH bigger broadband operation saying that
    > their WiMax using hardware from the same supplier works fine.


    Read what I said, I didn't say it was a failure for him just because it
    was WiMax. I said it could be anyone's fault at this point. As in
    poor vendor/carrier communication and setting expectations.

    >> so we really don't have any tangible facts why it allegedly failed.

    >
    > Another lie.


    See above.

    > AND WiMax is an enhancement of wifi, which hordes use every single day too.


    WiMax has absolutely no comparison to WiFi, other than they both use
    radio waves.




  13. #13
    Rod Speed
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    DTC <[email protected]> wrote
    > Rod Speed wrote
    >> DTC <[email protected]> wrote
    >>> Larry wrote


    >>>> The big boys have brought bags of cash to WiMax, now, and YOU haven't been keeping up!


    >>> True...Just as so many investors brought bags of cash to internet startups ten years ago.


    >> That isnt what happened.


    > What didn't happen?


    What preceeded that bit of mine, stupid.

    > Investor didn't bring bags of money to startups?


    You quite sure that you aint one of those rocket scientist stupids ?

    > http://en.wikipedia.org/wiki/Dot-com_bubble
    >
    > At the height of the boom, it was possible for a promising dot-com to make an initial public offering (IPO) of its
    > stock and raise a
    > substantial amount of money even though it had never made a profit
    >


    Pity that wasnt internet startups in the technology sense being discussed.

    >>> Therefore using the amount of cash infused into WiMax as a metric of it potential of success is flawed. Its not a
    >>> metric of its
    >>> success yet as it hasn't been deployed in enough areas to evaluate.


    >> That last is a pig ignorant lie.


    > How so?


    Because it has been deployed in enough areas to evaluate.

    >>> The failure of the Australian WiMax project


    >> And that is another lie. There is no such animal that has failed.


    > Garth Freeman does not share your opinion.
    > http://mobile.slashdot.org/mobile/08.../1512220.shtml


    Who cares ? That pimple on the bum of Australian broadband aint anything
    even remotely resembling anything like 'the Australian WiMax project'

    >>> has now moved to the finger pointing stage,


    >> Yep, with a MUCH bigger broadband operation saying that
    >> their WiMax using hardware from the same supplier works fine.


    > Read what I said,


    No point, it remains mindless pig ignorant **** no matter how often its reread.

    > I didn't say it was a failure for him just because it was WiMax.


    I didnt say you did.

    > I said it could be anyone's fault at this point.


    And that is just plain wrong when, like I said, a MUCH bigger broadband operation
    says that their WiMax using hardware from the same supplier works fine.

    All the evidence points to the fact that that fool Freeman doesnt have a ****ing clue.

    > As in poor vendor/carrier communication and setting expectations.


    How odd that Internode has enough of a clue to be able to implement it fine.

    From the same supplier too.

    >>> so we really don't have any tangible facts why it allegedly failed.


    >> Another lie.


    > See above.


    Completely useless, as always.

    >> AND WiMax is an enhancement of wifi, which hordes use every single day too.


    > WiMax has absolutely no comparison to WiFi, other than they both use radio waves.


    Thanks for that completely superfluous proof that you have never ever had a ****ing clue about anything at all, ever.





  14. #14
    DTC
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    Rod Speed wrote:
    > Thanks for that completely superfluous proof that you have never ever had a ****ing clue about anything at all, ever.


    Thanks for your responses. The professionals here will have a good
    laugh at them.



  15. #15
    Rod Speed
    Guest

    Re: Analyst: Verizon's outlook is "nothing short of dismal."

    DTC <[email protected]> wrote
    > Rod Speed wrote


    >> Thanks for that completely superfluous proof that you have never ever had a ****ing clue about anything at all, ever.


    > Thanks for your responses. The professionals here will have a good laugh at them.


    Never ever could bull**** and lie its way out of a wet paper bag.

    You're no 'professional', just a pathetic excuse for a bull**** artist.





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