AT&T Will Win Wireless War With iPhone
This column was originally published on RealMoney on Jan. 24 at 3:02 p.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Apple's (AAPL) a real battleground. When you have a $500 price point and a potential "vaporware" system that's pushed out six months, why bother to own the stock? What's the data point that will get the bulls to romp and the bears to hibernate?
I think we got an inkling of what it could be today from AT&T's (T) Cingular Wireless. This company believes in world domination. And it intends to dominate using the iPhone.
Management sounded like kids when talking about the iPhone and how it was going to remake AT&T and that it was the greatest invention they've ever seen.Now, AT&T's all about market share, and if you read between the lines, I think you see a strategy coming where the device's $500 price point is preserved but the service contract is greatly reduced. I think that AT&T -- and not Apple -- is the key to this next leg, and CEO Stan Sigman can make it happen. AT&T exists to kill Verizon (VZ). This is a actually war. The iPhone is the neutron bomb. These guys will use it. Aggressively. And that's the bull case, plain and simple. Random musings: Short squeezes are all over, and you've got to understand them. James Altucher and I have laid it all out for you in our latest video. Click here to watch and get the skinny on how I used them to make money when I was at my hedge fund, and how they should affect your trading now. ... College students, listen up! RealMoney is offering you something special... a free subscription through May 31, 2007. The only requirement: You must have an email address that ends in .edu. Email firstname.lastname@example.org to accept my personal invitation to come read my blog every day, plus all the other writers on that great site. Pass it on!
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV