This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Verizon Bows to the Will of the People

NEW YORK ( TheStreet) -- Verizon (VZ - Get Report) wants you to believe it has now embraced the wireless Web.

Verizon and Google (GOOG - Get Report) kicked off a partnership Tuesday that not only lacked exclusivity, but it also didn't even include the new Motorola (MOT) Android phone for demonstration purposes.

Yet despite the lack of beef, Verizon still managed to suggest that something new is afoot.

Android Emerges, Windows Loses Grip

After years of crippling common features like WiFi and Bluetooth and restricting applications and media libraries to Verizon-only services, the old-line phone giant seems to have finally bowed to consumer democracy.

For years, critics and consumer advocates scorned Verizon's closed-wall approach to devices. But in the end, all it took was a gun to the head -- in the form of AT&T's (T - Get Report) Apple (AAPL - Get Report) iPhone -- to get Verizon to consider loosening up.

Around May of last year, as AT&T was preparing to release the next version of the Apple iPhone with a dramatically lower $200 price tag, Verizon wireless chief Lowell McAdam decided to visit Google.

CEO Eric Schmidt said McAdam came to the company's Mountain View, Calif. headquarters looking to work on something "really differentiated."

For the past year prior to that, Verizon had watched the iPhone grab the industry's attention with its dazzling Web browser and inviting App Store.

McAdam's predecessor Dennis Strigl was originally approached by Apple to sell the iPhone but rejected the offer, not because of the revenue-sharing arrangements, as many thought, but because Apple wanted too much control over what was on the phone and who would support it.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
GOOG $693.01 0.00%
T $38.82 0.00%
VZ $50.94 0.00%
FB $117.58 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs