YEAR-END 2008 HIGHLIGHTS

* $2.26 in 2008 diluted EPS from continuing operations and $2.54 in adjusted EPS, compared with 2007 earnings of $1.90 per share and $2.36 per share, respectively.
* $97.4 billion in 2008 revenues, up 4.2 percent, or adjusted growth of 5.1 percent.
* $26.6 billion in cash flows from operating activities; $17.2 billion in capital expenditures.

said by lcjawhit :

Another site shows DSL adds of 68K? I think they added customers.

Total broadband connections were 8.7 million, a net increase of 214,000 over the third quarter 2008. This includes a decrease of 68,000 DSL-based Verizon High Speed Internet connections, which was more than offset by the increase in FiOS Internet customers. The 8.7 million is an increase of 8.2 percent year over year.

said by TKJunkMail :

So while they are getting new customers they are starting to see more wireless customers look elsewhere:

said by birdfeedr :

From the link to their 4th quarter earnings report:

quote:

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By the end of 2008, Verizon's FiOS fiber-to-the-premises network passed 12.7 million premises throughout the company's wireline service territory -- greater than the company's target of 12 million by year-end 2008. Fiber-to-the-home now passes approximately 40 percent of the total households in Verizon's landline footprint.

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said by Matt :

EDIT: Oops, that's VERIZON, not Verizon WIRELESS.

said by TKJunkMail :

The churn is Verizon Wireless as I said & NOT Verizon. Here is the FULL slide. Notice the Wireless at the top.

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said by tmc8080 :

This took about 5 years and almost 20 billion dollars, so that means total network overlay should be competed in another 8-10 years and be another 20-25 billion because Verizon left much of the hardest to upgrade lines for last. Though, I'm happy that more and more Comcast subscribers who have Verizon in their backyard laugh at their 250gb data cap and throttled docsis 3 modem offerings.

said by Matt :

$5 if you point out to me in your post where you said Verizon Wireless.

said by TKJunkMail :

quote:

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The churn rate on wireless customers was up as the year progressed. So while they are getting new customers they are starting to see more wireless customers look elsewhere:

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said by NOCMan :

29 approved open development devices.

Where are they?

Verizon Communications Inc reported fewer-than-expected wireless subscribers for the fourth quarter and warned that pension and other post-retirement expenses would hurt earnings in 2009, dragging its shares down more than 5 percent.

Verizon said pension and other post-retirement expenses would hurt 2009 earnings by 9 cents to 11 cents per share, joining a growing number of companies being forced to fill funding gaps due to turmoil in financial markets.

Verizon shares were down 5.4 percent at $29.32 in morning New York Stock Exchange trading.

said by TKJunkMail :

Even good news doesn't result in higher stock prices in this economy.