Apple Inc. (NASDAQ: AAPL) was up over $5 today or 1.75%, hitting a new 52-week high of $320.18.
Bank of America Corporation (NYSE: BAC) soared 5.30% on news from the Wall Street Journal that stated the fed may let healthy banks once again increase their dividends. The bank has been beaten heavily by short sellers recently. The stock is down a whopping 30% in the last 6 months.
BHP Billiton (NYSE: BHP) was up almost 6% hitting a new 52-week high. The company had been trying to buy Canadian fertilizer firm, Potash Corporation (NYSE: POT). However the Canadian government stepped in, announcing that it would block the bid from the foreign company.
Ford Motor Company (NYSE: F) jumped 4.48% to $15.86 per share. News that General Motors will soon IPO averted more interest to Ford instead.
Polypore International (NYSE: PPO), a company that specializes in filtration processes, was one of the top losers today after it reported so-so earnings. The stock traded approximately 10% lower.
Verizon Communications Inc. (NYSE: VZ) rallied 1.61% today. The company recently awarded a contract to Alcatel (NYSE: ALU) for expanding its 3G and 4G networks. Alcatel was down almost 9% after the company reported earnings that did not impress investors.
Showing posts with label VZ. Show all posts
Showing posts with label VZ. Show all posts
Thursday, November 4, 2010
Monday, November 1, 2010
AT&T (NYSE: T) and Verizon (NYSE: VZ) kick off iPad (NASDAQ: AAPL) sales.
Both AT&T (NYSE: T) and Verizon (NYSE: VZ)received the iPad at their retail stores on October 28th. AT&T customers have the luxury of selected between any one of Apple's (NASDAQ: AAPL) iPad models. Verizon will only receive the Wi-Fi version of the iPad, as the iPad does not yet support Verizon's CDMA network. An extra attachment is bundled with the iPad for Verizon customers however, which will allow users to connect to a MiFi mobile hotspot.
Sunday, October 31, 2010
Verizon (NYSE: VZ) and AT&T (NYSE: T) kick off iPad (NASDAQ: AAPL) sales.
Both Verizon and AT&T received the iPad at their retail stores on October 28th. AT&T customers have the luxury of selected between any one of Apple's iPad models. Verizon will only receive the Wi-Fi version of the iPad, as the iPad does not yet support Verizon's CDMA network. And extra attachment is bundled with the iPad for Verizon customers however, which will allow users to connect to a MiFi mobile hotspot.
When will Apple get the iPhone 4? (NASDAQ: AAPL) (NYSE: VZ) (NASDAQ: QCOM)
Rumour has it that Verizon, the giant wireless company will receive the iPhone 4 sometime in early 2011. Other reports have cited that Apple has ordered QualComm chips needed for the phone to function on Verizon's network. Verizon has over 90 million wireless subscribers, and a powerful network that can accommodate the added iPhone usage. iPhones can use up to 10 times the average bandwidth of a regular phone. This comes from voice, video, and other data browsing capabilities that users with smartphones love.
If Verizon gets the iPhone, both Apple and VZ will benefit greatly. Smartphone revenue for Verizon is said to be approximately double the revenue from a regular 'dumb' phone. The deal would also unlock millions of potential customers for Apple. Apple has been able to beat analyst expectations without the help of Verizon so far. Who knows what could happen if Verizon gets the newest iPhone.
If Verizon gets the iPhone, both Apple and VZ will benefit greatly. Smartphone revenue for Verizon is said to be approximately double the revenue from a regular 'dumb' phone. The deal would also unlock millions of potential customers for Apple. Apple has been able to beat analyst expectations without the help of Verizon so far. Who knows what could happen if Verizon gets the newest iPhone.
Sunday, October 3, 2010
Could AT&T (NYSE:T) take a hit if Verizon (NYSE:VZ) gets the iPhone?
Ever since AT&T (NYSE:T) got the iphone, customers have been complaining of the poor network connection, likely due to the vast amount of subscribers using Apple’s (NASDAQ:AAPL) bandwidth-guzzling iPhone. At the same time, investors are worried that North America’s largest telecommunications company could lose its exclusive right to Apple’s top selling phone. AT&T is usually the center of attention in the United States, and has recently been the first network to receive Research In Motion’s (NASDAQ:RIMM) new BlackBerry Torch. AT&T’s packs enough fire power with its 87 million wireless customers to support both phones.
According to a survey done by Credit Suisse, they state that 23% of AT&T’s iPhone customers could switch to Verizon, should it get the iPhone on its network. This would cause millions of customers to switch over to Verizon’s network, they say. However, Credit Suisse added that the “damage of losing the iphone is being overblown.”
Consumers believe that Verizon has a better network; however, if it acquires Apple’s iPhone, the new device could begin to slow down the network just as it did to AT&T. It may not be the 23% of people that are believed to switch from AT&T to Verizon that will cause the network slowdown, but a potential 92 million wireless Verizon customers who will have the choice to switch to the iPhone while remaining on the same network. Both AT&T and Verizon spend capital to improve their networks on a constant basis. Apple’s iPhone could use multiple times the amount of bandwidth as a regular phone. In other words each iPhone user can be using as much data transfer as 10 regular customers. Verizon shareholders should hope that the Telecom giant is prepared for that.
According to a survey done by Credit Suisse, they state that 23% of AT&T’s iPhone customers could switch to Verizon, should it get the iPhone on its network. This would cause millions of customers to switch over to Verizon’s network, they say. However, Credit Suisse added that the “damage of losing the iphone is being overblown.”
Consumers believe that Verizon has a better network; however, if it acquires Apple’s iPhone, the new device could begin to slow down the network just as it did to AT&T. It may not be the 23% of people that are believed to switch from AT&T to Verizon that will cause the network slowdown, but a potential 92 million wireless Verizon customers who will have the choice to switch to the iPhone while remaining on the same network. Both AT&T and Verizon spend capital to improve their networks on a constant basis. Apple’s iPhone could use multiple times the amount of bandwidth as a regular phone. In other words each iPhone user can be using as much data transfer as 10 regular customers. Verizon shareholders should hope that the Telecom giant is prepared for that.
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