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Choose Verizon (VZ), if you're just as cautious as its subscribers

Posted Feb 12th 2009 5:54PM by Joseph Lazzaro (RSS feed)
Filed under: Verizon Communications (VZ), Stocks to Buy

This market isn't fit for most investors, but if you have the risk tolerance to own (or increase a position in) a stock or two, consider a utility.

But not just any utility. We're talking a well-capitalized utility. With solid revenue streams. And a large, moneyed customer base. And dominate positions in key markets. Hey, this is not a market for 'experimental business models' and 'iffy' stock plays, which is why Verizon is worth a review.

Continue reading Choose Verizon (VZ), if you're just as cautious as its subscribers

More and more Americans are moving away from landlines

Posted May 15th 2008 3:12PM by Michael Fowlkes (RSS feed)
Filed under: Products and services, Consumer experience, Technology

As cell phone usage continues to spread, more and more Americans are rarely, if ever, talking on landlines anymore. According to a new study, 3 out of 10 homes in the country are virtually completely relying on cell phones.

Cell phones are definitely more convenient, and the more we use them, the more we want to put the days of landlines in our past. According to the study, 16 percent of all homes in the country did not even have a landline installed during the second half of last year.

In addition to the 16 percent of homes that did not even have a landline, 13% of homes in the country had landlines, but reportedly never use them. For the most part, these lines are used exclusively for computers, or to have in the case of an emergency. Whenever you need to call an emergency service number it is advisable to use a landline, because it makes it much easier to identify your location.

Continue reading More and more Americans are moving away from landlines

ATT to cut about 4,600 jobs as part of streamlining

Posted Apr 18th 2008 1:30PM by Joseph Lazzaro (RSS feed)
Filed under: Internet, Competitive strategy, Employees, AT and T (T)

AT&T said it will cut about 4,600 jobs, or roughly 1.5% of its work force, as it integrates several businesses and streamlines operations, The Associated Press reported Friday.

AT&T (NYSE: T) also said it plans to take a $374 million first quarter, pre-tax charge in connection with the job cuts, The AP reported. The company added that, longer-term, the jobs cuts will be offset by staff additions as it invests in growth areas. The company had about 309,000 employees as of December 2007.

Shares of AT&T rose 31 cents to $37.88 in mid-day Friday trading on the news.

AT&T, which posted Q4 2007 EPS of 71 cents, in-line with the Reuters Q4 2007 consensus estimate, has made several acquisitions in recent years, including SBC Communications and BellSouth, as part of its business model revision for the digital age.

Continue reading ATT to cut about 4,600 jobs as part of streamlining

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DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 04:46 PM

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