VERIZON COMPANY DESCRIPTION

Verizon Communications (VZ), headquartered in New York is the second largest telecom company in the US after AT&T. It was formed after the merger of GTE and Bell Atlantic in the year 2000. The company has a market cap of $143 billion and reported revenues of $115 billion in FY12. The company operates under two main segments; Wireless and Wireline. Wireless contributes around 67% to the company’s total revenues. The segment posted sales of $75 billion in FY12. The five-year annual growth rate for the segment is around 9%. Wireline contributes around 33% to the company’s total revenue. It posted sales of $40 billion in Fy12.. Read More: VZ

Verizon Communications Inc. : Verizon CEO Lowell McAdam: 'We're in a Golden Age of Innovation'

Verizon Chairman and Chief Executive Officer Lowell McAdam says that the world is just at the beginning of a revolutionary new era in the history of communications and that countless life-changing solutions are waiting to be discovered.

McAdam made his comments while receiving the David Packard Medal of Achievement Award from TechAmerica at a reception in Menlo Park. McAdam was the 55(th) recipient of the award, which annually recognizes significant contributions to the advancement of the high-tech industry and for distinguished service.

"I'm fortunate that my career has coincided with one of the most sweeping technological revolutions that any industry has ever seen," said McAdam. "We're in a golden age of innovation." But he noted that for all the technological tools built in the last 30 years, "the challenge for the next 30 years is to leverage the power of these tools to raise living standards and transform societies in ways we never dreamed of before." Read more

Verizon Communications Inc. (NYSE:VZ) | Verizon Wireless: Hiring Veterans Makes Our Company Stronger

Reminiscent of the US Army’s “I Want You” recruitment campaign featuring Uncle Sam’s outstretched finger, Verizon Wireless is pointing to veterans with the same message.

Verizon is actively recruiting military veterans in South Carolina for 120 available positions it is looking to fill by the end of 2013. “As more soldiers, sailors, Marines and airmen return from active duty in Afghanistan and other places and as the Pentagon continues to trim its budget, more of these highly skilled veterans are searching for employment in the civilian world,” said Michele Brookshire of Verizon’s Talent Acquisitions Team. So Verizon taught its recruiters to understand the value of military training and how a corporal’s chevrons or an ensign’s brass translates into a highly disciplined employee accustomed to multi-tasking and being part of a team effort.

Verizon Communications Inc. (VZ), currently valued at $144.40B, started trading this morning at $50.55. During the trading session, VZ traded between $50.46 to $51.00 with a one year range of $40.51 to $54.31. VZ shares are currently priced at 17.88x this year’s forecasted earnings. Readmore.

Shangri La Hotels and Resorts Checks into Verizon s Cloud

HONG KONG, On of the world's premier hotel companies, needed to migrate its online IT infrastructure and assets, it chose a Verizon cloud computing solution.

Shangri La Hotels and Resorts chose Verizon due to its proven ability to deliver a highly scalable, secure and efficient cloud environment, and the company's global reach and expertise. Verizon was also a known quantity to Shangri La Hotels and Resorts, as it already provided global network infrastructure services and support.

Verizon's professional services team collaborated closely with the internal IT team throughout an intensive migration planning and delivery process to safeguard against business disruptions by ensuring that critical systems such as reservations and back office applications would be available and fully operational throughout the transition. This comprehensive planning and review process was critical to the project's success.

David Kim, Verizon's regional vice president of strategic cloud and security services, said: "Our history of successful teaming with Shangri La Hotels meant Verizon was an obvious choice for this critical project. Read more

 

Verizon's LTE network won't support Nexus 7 until after KitKat upgrade

Nexus 7 owners, you'll unfortunately have to wait for Android KitKat before you can connect to Verizon's LTE network. In September, the carrier revealed that the pint-sized slate would have to go through a month-long certification process before it can connect to the internet via LTE. Now, Big Red claims the fault lies with Android Jelly Bean, and that Google and Asus (the device's manufacturer) have advised the carrier to suspend the certification process until KitKat arrives. 

According to Mountain View, its newest mobile OS is coming in the next few weeks -- for now, (disappointed) Nexus 7 users can head past the break for Verizon's full statement. Read more.