Tech Earnings Roundup: Who Wins, Loses

After drawing some observations and rules of thumb from the first batch of tech leaders to report earnings this month, what can we learn from those who have posted numbers since then?

Let's start with Verizon(VZ Quote), the second largest phone carrier in the U.S., which posted earnings in line with expectations this week and saw a 1.7% decline in wireline revenue, yet its stock rose 10% on Monday.

Why? Because Verizon is offsetting the loss of residential phone lines with new wireless accounts, just as it's balancing the loss of DSL accounts with super-fast fiber-optic lines. ...