Verizon is totally out of sync with the market, with so many new and exciting mobile phone products coming out all the time.
Doubling the termination fee is not in keeping with the new regulatory push to stop companies from gouging consumers with unnecessary fees.
We're basically talking about a new twist on the old bait and switch routine, let's call it bait and lock. Verizon captures new customers by offering them subsidized deals on cool new phones and then wants to recoup the cost by locking them in with long-term contracts.(T) made its bet on Apple (AAPL)'s iPhone (or maybe it was the other way around), Verizon is going big on Google (GOOG)'s Android and Sprint (S) hooked up with Palm (PALM). So if they want to compete on phones, then they should be making it easier and cheaper for customers to upgrade to the latest, greatest version.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV