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Verizon Hangs Up on iPhone

Stock quotes in this article: VZ , AAPL , T , MOT  

Steve Jobs' hot new phone isn't the apple of everyone's eye.

Verizon (VZ Quote) confirmed Monday that it passed on a chance to sell Apple's (AAPL Quote) iPhone, judging that a five-year exclusive sales deal came with too many strings attached.

The iPhone, introduced to much fanfare earlier this month, has since become AT&T's (T Quote) weapon to win back business it lost to Verizon. But Verizon execs emphasized Monday that they aren't looking in the rearview mirror. ...

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