This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Verizon iPhone Is in Reach With McAdam

NEW YORK ( TheStreet) -- Verizon (VZ - Get Report) named Lowell McAdam president and future CEO Monday, a move that all but seals the deal with Apple (AAPL - Get Report) for the Verizon iPhone.

McAdam, the head of Verizon Wireless, has been the front-runner for the no. 2 for more than a year, as first reported here. And given his wireless credentials, if anyone is going to thaw the frosty standoff between Apple and Verizon, it will be McAdam.

Lowell McAdam, Verizon's New no. 2.

The Apple and Verizon impasse dates back to McAdam's predecessor, Denny Strigl, who originally rejected the iPhone outright over so-called control issues.

But in his three years leading the wireless unit, McAdam has probably done more than anyone to move the old line giant away from its fortress approach to the mobile market -- toward a more open system.

As customers may recall, Verizon kept a notoriously tight lock on devices and services that were approved for the network. The company crippled Wi-Fi in fear it would take away from its data business. It also operated its own VCast store as the sole download service for games, songs and videos.

Among his accomplishments, McAdam reversed Verizon's stance against Google's open network effort and formed a partnership with Google to develop the now popular Android phones.

So it seems likely that under McAdam, Verizon will let some of its old feuds die and possibly embrace the iPhone as one of the key devices that could help light up the company's new LTE 4G network.

--Written by Scott Moritz in New York.

>To contact this writer, click here: Scott Moritz, or email:

To follow Scott on Twitter, go to

>To send a tip, email:

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
AAPL $124.43 0.00%
GOOG $548.00 0.00%
T $32.65 0.00%
VZ $48.63 0.00%
FB $82.22 0.00%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

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