Quote:
Originally Posted by rcentros
5G and VoLTE is not working out. And I don't have to Google. My brother worked for Verizon until a recent layoff. They're now offering an additional 44,000 workers a buyout and are trying to force 5,000 more to change their employment to an Indian based contractor (or stay until the new employees are trained). (Although a threat of a class-section suit seems to have stymied that plan.) They're also planning on contracting out (laying off) all the Verizon store employees to non-Verizon employees. Their attempt to become another "Google" has failed miserably and they've recently shuttered Go90 (where they had sunk billions). I've worked in the telecommunications business for years and watch these things closely. Verizon is flailing and they've brought in the CEO that decimated Siemens to do the same to Verizon. They figure its parts are worth more than the whole. They're also drowning in debt.
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Got me curious.
On the one hand, from 2017:
https://seekingalpha.com/article/406...-elephant-room
And on the other:
https://finance.yahoo.com/news/expec...160000449.html
https://www.forbes.com/sites/lawrenc.../#b584ac14068e
Today it's AT&T that looks suspicious to the money guys:
https://www.fool.com/investing/2018/...s-verizon.aspx
https://www.barrons.com/articles/at-...yet-1534963585
Things change fast.
(Me, I like diversified companies. One trick ponies are higher risk than narrow focus companies precisely because times change fast.)