"I'd keep playing. I don't think the heavy stuff's going to come down for quite a while."
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@kwm, first of all you jackass, while Verizon might keep shoving it down your throat that they are a "technologies" company, they are not and never will be. Verizon is a communication and entertainment company and had the current piss poor leadership understood this, Verizon would be dominating both the wireless and cable industries. Instead they have squandered around $150 billion and thus have had to put their tails between their legs and start selling off all of their assets in order to stay afloat. As for wireline services (which by the way include fios) not having a future, I would tend to think that a true technologies company, (you may have heard of Google, they are investing like crazy in fiber) knows just a little bit more and is just a bit wiser than the decision makers at Verizon. You're familiar with some of the recent Verizon flop investments I presume: Terremark, Vodafone, Hum, AOL, & Go90 just to name a few. Let me guess though, this Yahoo purchase for $5-$9 billion is going to push us over the top. Keep drinking Lowell's kool-aid. Once they sell off the last of the landline areas and no longer have anywhere else to hide large chunks of wireless expenses and debt, the bottom will drop out from under the stock and Lowell and his cronies will ride off into the sunset leaving the place in shambles.
The thing about wireless is there are new technologies coming down the pike. As with any technology company, wireless has to keep pace with newer technologies or risk getting left behind. Verizon is buying content companies and testing next generation wireless technologies as part of it's strategy.
Wireline, on the other hand, is doing absolutely nothing except sitting there with a declining customer base and declining profit margins while it's union employees scream for more money and more benefits. There is absolute zero strategy or forward-thinking research going on in wireline -- it's just withering away and waiting to die. This is why the company isn't being aggressive with new proposals during this strike -- it can't afford to add more cost into a shrinking business.
So what happens when wireless revenue keeps falling short? They will layoff wireless, oh they did that, they will take away wireless pension, oh sorry, they will tell more people we have the best network, bingo. I know they will come out with a new slogan, best matters, and expect people to pay for it.
That's what happens when wireless's revenue falls short. The opposite happens when wireless's revenue is above expectations.
Nothing happens due to wireline because it's too small to be relevant to the company's bottom line.