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Comments on news posted 2012-03-23 08:58:16: We've noted for some time that Verizon's FiOS expansion is over, with the exception of areas (mostly large cities) where they're still pursuing franchise build-out obligations. ..

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S_engineer
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join:2007-05-16
Chicago, IL

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S_engineer

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"Wall Street punished us for investing in FIOS."

So anything that moves America forward, gets pushback from the new American aristocracy known as Wall Street. Chinese wages...here we come!

FFH5
Premium Member
join:2002-03-03
Tavistock NJ

FFH5

Premium Member

Promise of no more FIOS is merely convenient

Verizon's claim of no more FIOS expansion is merely one of convenience to get the Senate committee to give a go ahead to their cable deal. No promise made now is a guarantee that Verizon won't change their mind in the future with a new CEO or changed economic conditions. So, I wouldn't sign on to the idea that FIOS is now dead forever more.
FloridaBoy
join:2009-06-22
Bradenton, FL

FloridaBoy to S_engineer

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Re: "Wall Street punished us for investing in FIOS."

said by S_engineer:

So anything that moves America forward, gets pushback from the new American aristocracy known as Wall Street. Chinese wages...here we come!

C'mon S, got to keep that stock price up!! Never mind a bigger payout later, we need cash now!!

Tomek
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join:2002-01-30
Valley Stream, NY

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Re: "Wall Street punished us for investing in FIOS."

Companies are driven by profit. Investors want their low-tax income and care less.
I remember when verizon was defending FIOS push.
And now I can actually see the point. With the advent of mobile devices people are no longer connected at home.

S_engineer
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Chicago, IL

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Re: Promise of no more FIOS is merely convenient

said by FFH5:

So, I wouldn't sign on to the idea that FIOS is now dead forever more.

It doesn't matter, if you've got the general counsel for a top tier company telling a Congressional committee that part of the decision making process involves how much the likes of Moffet with punish them....then theres multiple problems. Among them are : Why didn't anyone in congress leap at that statement?....do fortune 500 companies now have to guage how Wall Street feels everytime they want to expand?....or, how do we de-couple a companies desired direction from traders that want to milk every last penny out of antiquated technologies?
serge87
join:2009-11-29
New York

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to FloridaBoy

Re: "Wall Street punished us for investing in FIOS."

said by FloridaBoy:

C'mon S, got to keep that stock price up!! Never mind a bigger payout later, we need cash now!!

gone are the days of long-term investment...now it's all instant gratification!

Jeff
Connoisseur of leisurely things
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join:2002-12-24
GMT -5

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said by Tomek:

Companies are driven by profit. Investors want their low-tax income and care less.
I remember when verizon was defending FIOS push.
And now I can actually see the point. With the advent of mobile devices people are no longer connected at home.

We'll we're connected everywhere now, but if you asked me "Do you cancel your Fios or do you cancel your cell phone", I'm cancelling my cell phone. High speed internet connectivity in the home is extremely important to me.

Smith6612
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Smith6612 to S_engineer

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Well, I do hate to say it but Verizon is telling the truth, here. With Ivan gone they don't seem to have the push/will to expand FiOS further and defend it but investors (not everyone of course!) mainly complained about even investing in the network due to the long term cost of the network. They became shortsighted in wanting a fast return rather than a solid foundation for a company they invest money into to stand on. Now whether or not that is the ACTUAL story is another thing to measure. I'm going by what I've seen. I understand companies which are publicly traded are massive pieces of financial machinery, but if you lack investors you most likely also lack funds. I just wish Verizon still had a tooth to give whoever/whatever the problem is some beef to tell them they would still be expanding.

I will mention though that even though people are looking to go all mobile, they would still like something other than Cell Phone Internet. They get tired of the fees and slow speeds of Wireless networks and they also get tired of using their phone's web browser after a little while.

Oh well. If things want to be like that...
itguy05
join:2005-06-17
Carlisle, PA

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said by Tomek:

Companies are driven by profit. Investors want their low-tax income and care less.
I remember when verizon was defending FIOS push.

And that's why they should be OK with FIOS. We've been looking at houses lately as we just sold ours. In those houses that had FIOS available every one of them had a FIOS box on the wall. Those that were not vacant many were also FIOS TV subscribers as well.

I know in our neighborhood (got FIOS in 2008) I'm seeing more and more FIOS Boxes show up on houses. In the house we just bought you can get FIOS and I'm thrilled. No Comcast (I would have dealt with them) and hopefully I can just take my FIOS boxes with me.

It is a great product and much better than Comcast. Shame they won't build it out more. As a Verizon shareholder I'd like to see them in a better long term position than short term.
quote:
And now I can actually see the point. With the advent of mobile devices people are no longer connected at home.

Really? People need good connections at home. I know I work from home, have an online bakup, VOIP, and an Apple TV. I love our 20/15 FIOS connection with no caps. I also love my data on the go but I need a good connection at home. I don't know anyone that has given up their high speed internet for the stuff on their phone. And with overages and limits I don't see that happening any time soon either.

Smith6612
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said by itguy05:

Really? People need good connections at home. I know I work from home, have an online bakup, VOIP, and an Apple TV. I love our 20/15 FIOS connection with no caps. I also love my data on the go but I need a good connection at home. I don't know anyone that has given up their high speed internet for the stuff on their phone. And with overages and limits I don't see that happening any time soon either.

Seconded. I hate remoting onto people's computers when they're working from home while I'm trying to help them perform a multi-Gigabyte software install and it takes an hour to download. I'm logged into some key things with my own admin credentials so obviously they cannot use the computer for as long as I'm in and working (this is typically when the automated, user-friendly installs don't work which does happen). I love it when individuals have decent connections as it means I'm not taking their computer away from them for an hour. Fast connections cut that stuff down to 5-10 minutes.

nothing00
join:2001-06-10
Centereach, NY

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Re: "Wall Street punished us for investing in FIOS."

That wasn't what Verizon was being beaten up over at the time. Plus, think it could be a bit of a self fulfilling prophecy? Poor broadband at home leads to increased reliance on mobile networks?
Kommie2 (banned)
join:2003-05-13
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Boston has an Overbuilder?

Does Boston have an Overbuilder ? (RCN)

TrainBuff
The New Haven Railroad
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Re: Promise of no more FIOS is merely convenient

»www.buffalonews.com/busi ··· 6755.ece

This was in the morning paper.

vzhater
@optonline.net

vzhater

Anon

Lowell sucks!!

Verizon recently tripled the compensation of its CEO, Lowell McAdam—from $7.2 million to $23.1 million A YEAR.

anon823
@mich.net

anon823

Anon

And that data usage...

"Monthly service starts at $60 a month but comes with a 10 gigabyte cap" »Verizon Announces Fixed Residential LTE Service [108] comments

So Are they going to count redbox on your data cap or is it going to be beside the cap? Either way they do it they will have a hard time justifying their data prices...

Let's say it's $4 a movie to rent. An HD movie shown at 1GB. So to use 10GB of data it's only going to cost you $40 if you want to use redbox. If I want to watch the same amout on netflix it's going to cost $60.

If it does use your data cap then no one will want to use the service since it's far too costly for them to use.
45612019 (banned)
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This is everything that's wrong with America.

You Americans are digging your own grave with your unchecked greed.

Have fun being a third world banana republic to the upcoming Chinese-dominated world, Americans.

PapaMidnight
join:2009-01-13
Baltimore, MD

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Re: "Wall Street punished us for investing in FIOS."

»www.youtube.com/watch?v= ··· fIi3H-es
PapaMidnight

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to anon823

Re: And that data usage...

said by anon823 :

An HD movie shown at 1GB.

HD Movie at 1GB?! With what codec and compression settings?
Try 4 (for decent 720p). 2-3 conservatively speaking and compressed to hell with low-quality AAC audio.

S_engineer
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join:2007-05-16
Chicago, IL

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Re: Lowell sucks!!

Despite retiring as CEO of Verizon in August, Ivan Seidenberg earned more in 2011 than he did in the last two full years of work.

According to an analysis of a Monday regulatory filing from the New York-based phone company, Seidenberg earned $26.4 million in 2011. That compares with the $18.1 million he earned in 2010 and the $17.5 million he received in 2009.

He was CEO for seven months of 2011, and then remained as executive chairman until the end of the year.

Seidenberg didn't receive a severance payment. In calculating executive compensation, The Associated Press includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.

Seidenberg was the highest-paid CEO in the U.S. telecommunications industry last year. Randall Stephenson, his counterpart at AT&T, which is larger, earned $18.7 million.

Seidenberg's successor, Lowell McAdam, earned $23 million in 2011. That was in large part due to a special grant of $10 million in restricted stock, made when he assumed the CEO role.
Source: »www.usatoday.com/tech/ne ··· 668062/1

Don't you worry though, I'm sure the stock price will go up once it's announced that some of the 45,000 workers that made these obscene type of salaries happen will be laid off!
34764170 (banned)
join:2007-09-06
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Re: "Wall Street punished us for investing in FIOS."

said by Smith6612:

Seconded. I hate remoting onto people's computers when they're working from home while I'm trying to help them perform a multi-Gigabyte software install and it takes an hour to download. I'm logged into some key things with my own admin credentials so obviously they cannot use the computer for as long as I'm in and working (this is typically when the automated, user-friendly installs don't work which does happen). I love it when individuals have decent connections as it means I'm not taking their computer away from them for an hour. Fast connections cut that stuff down to 5-10 minutes.

Ssshhh. You're supposed to be one of those sheep that hands over their wallet and likes shitty slow service with really low caps and defends all the fees and high prices.

anon823
@mich.net

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Anon

to PapaMidnight

Re: And that data usage...

Yea that's is part of my point... It's probably going to use at least 2GB for the movie, and probably have to be priced less than that to compete with the Kiosks...

I'd have to guess they are going to want to charge that bandwidth against you to try to push you into a higher data tier... Less tech savvy people might not be able to add up how much it's really going to cost them to use the service.
34764170 (banned)
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said by anon823 :

"Monthly service starts at $60 a month but comes with a 10 gigabyte cap" »Verizon Announces Fixed Residential LTE Service [108] comments

LOL. This is why I laugh at this joke called "Fixed residential LTE service". It's next to useless with these caps.

amarryat
Verizon FiOS
join:2005-05-02
Marshfield, MA

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said by PapaMidnight:

said by anon823 :

An HD movie shown at 1GB.

HD Movie at 1GB?! With what codec and compression settings?
Try 4 (for decent 720p). 2-3 conservatively speaking and compressed to hell with low-quality AAC audio.

No kidding. A standard single layer DVD is 4.7GB, and that's 480p. If an HD movie could have fit in 1GB, Blu-ray would have never been needed.

banditws6
Shrinking Time and Distance
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Frisco, TX

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Exactly. Anyone who thinks wireless is a viable alternative to wireline service for home broadband is either living in a dream world or a very light user. With current wireless service caps, combined with the ever-increasing array of Internet-connected devices in the home, streaming video, et al., a 10GB monthly allowance is flat-out ridiculous.

Which is exactly why providers want everyone using it instead of wireline service. They stand to make huge profits on overage gigs, which they'll all charge a similarly unreasonable amount for.

It'll be a cold day in hell when I switch to wireless broadband for my entire home. Either that, or someday after I win the lotto and feel like flushing handfuls of cash down the latrine.
Terabit
join:2008-12-19

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Re: "Wall Street punished us for investing in FIOS."

It's time our nation start a national project to install FTTH, just like we did with roads, water, electricity etc.

Imagine the hundreds of thousands of jobs it would create alone.

Smith6612
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We "tried" and failed. I think the Broadband Stimulus was supposed to go towards some FTTP.
Smith6612

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But I'm not unfortunately . If I come across a capped connection I run it right to the point where the meter might think I've gone over and then shut the connection down. Aka, when I was stuck using a 3G connection with a 3GB cap. Blew through the cap in a few hours of normal usage.

Slow connections? I just keep them maxed until I get what I need done.

S_engineer
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said by Terabit:

It's time our nation start a national project to install FTTH, just like we did with roads, water, electricity etc.

Imagine the hundreds of thousands of jobs it would create alone.

That's good, but I'd take it several steps further....regulate it as a utililty. Install federal, or local pucs to regulate this utility per region. Define a cap as a price forcing the isps to justify cap range for in the given context of it's technology ( i.e. Fios vs Docsis 3). Extend this to wireless as well. All Pucs are to be made up of engineers with zero political affiliation. Also forcing isps to justify all price increases...not to just placate Wall Street. Now some will argue that this would be a socialist gov't take over, well...I hope you use that same argument for those that monitor communications.

Remember...if it's got a meter, it's a utility

skuv
@rr.com

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Unless you are going to get private citizens to do it themselves without permits, it's not going to happen.

The telco lobbyists control this. If it's going to get done, it's going to get done under their terms and for their benefit.

aaronwt
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Re: And that data usage...

said by 34764170:

said by anon823 :

"Monthly service starts at $60 a month but comes with a 10 gigabyte cap" »Verizon Announces Fixed Residential LTE Service [108] comments

LOL. This is why I laugh at this joke called "Fixed residential LTE service". It's next to useless with these caps.

But is will also be cheaper than the Satellite broadband which is their competition.
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