Verizon: Q1 Revs, EPS In Line; Adds 2 Million Wireless Subs; FiOS TV Subs Now Tops 1 Million
Verizon (VZ) this morning reported fourth quarter revenue of $23.8 billion, with EPS of 37 cents GAAP, 62 cents non-GAAP. That was in line with Street estimates of $23.96 billion and 62 cents.
The company added 2 million wireless customers in the quarter, increasing the total to 65.7 million. The wireless segment had 13.3% revenue growth, including 53% growth in data revenue.
Verizon added 226,000 FiOS TV customers, to boost the total to 943,000 at year end; the company has since topped 1 million subscribers to its TV service.
In a conference call this morning, Verizon said it is not seeing any impact on its business from a slowing economy.
In pre-market trading, Verizon this morning is down 26 cents, at $37.50.
DISCRIMINATION LAWSUIT FILED AGAINST QUALCOMM
Qualcomm, a cell-phone chip maker, who is riddled with anti-trust lawsuits dealing with unfair licensing practices, is being sued again by an American engineer claiming Qualcomm openly practices age and racial discrimination against American professional engineers. The lawsuit was filed in the Superior Court of Somerville, New Jersey.
Because the interviewing process is completely discriminatory the lawsuit focus’s on the hiring records required by federal statutes. Those records are the DNA of a company and provide irrefutable,
numerical evidence as to how the hiring process really took place.
Contrary to all the propaganda hype from businesses about non-discrimination, discrimination is the rule when hiring. There is no person who says, well, this company discriminated or that company discriminated. What is necessary is undeniable proof. And that is obtained from a company’s hiring records.
Last year, Lucent Technologies (now Alcatel-Lucent), to avoid conviction, settled an age discrimination case with the EEOC.
Question for Eric. Was there any land line losses? If so, How many?
what you also should know is that verizon is discrimating when it comes to the fios deployment they are prolonging the wiring installation in the urban and lower income area. they are also forcing tech to s.install tracking software into their customer computer
Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
