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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Verizon Bows to the Will of the People

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

Verizon and Google (GOOG) 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) Apple (AAPL) 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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,982.59 +22.02 0.13%
S&P 500 1,978.91 +0.57 0.03%
NASDAQ 4,444.9090 -4.6550 -0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs