• Jeff Matthews

The Most Interesting Comment We’ve Heard All Day

Verizon had their earnings call this morning. And since they sell a lot of iPhones (among other things), it was worth listening to for a whole host of reasons—not least of which was to hear whether the issue of cell phone subsidies would come up.

Low and behold, it did:

Now having said that, on the subsidy side of the house, you can see that the price of the handsets continued to decline. We now have the Windows platform in our mix, and we saw some steady, albeit slow, increase in some of the uptake of that platform. But as we get more and more platforms in the mix — and now we have RIM out there again — there is going to the incremental competition, there will be subsidy reduction, as there was in the basic phone history in the ecosystem.

—Verizon CFO Frank Shammo, January 19, 2013

There. They said it.


Jeff Matthews

Author “Secrets in Plain Sight: Business and Investing Secrets of Warren Buffett”

(eBooks on Investing, 2012) Available now at Amazon.com


© 2012 NotMakingThisUp, LLC

The content contained in this blog represents only the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthews’ recommendations. This commentary in no way constitutes investment advice, and should never be relied on in making an investment decision, ever. Also, this blog is not a solicitation of business by Mr. Matthews: all inquiries will be ignored. And if you think Mr. Matthews is kidding about that, he is not. The content herein is intended solely for the entertainment of the reader, and the author.

0 views0 comments

Recent Posts

See All

Donald Immelt?

“It became clear right away that my main role would be Person to Blame,” Mr. Immelt writes in his new book “Hot Seat: What I Learned Leading a Great American Company,” which will be published Feb. 23.

Spot the Non-Sequitur

First, this headline from the Wall Street Journal, February 5, 2021: Bill Gates Joins Private-Equity Firms in $4.7 Billion Deal for Private-Jet Company Private-jet travel is booming amid travel restri

BROWSE CATEGORIES

Stay up to date with an insider's look into The World of Wall Street.

Great! You're all signed up.