John Paczkowski

Recent Posts by John Paczkowski

OK. $28.1 Billion. Can You Hear Me Now? Good.

verizonguy.jpgSo much for last year’s $27.5 billion privatization of Alltel

Verizon Communications (VZ) will acquire Alltel, the nation’s fifth largest wireless-phone company, for $28.1 billion. Assuming the deal passes antitrust scrutiny, it will create a monstrosity of a wireless carrier with about 80 million subscribers–9 million more than AT&T (T), the nation’s largest cellphone company.

A savvy move for Verizon, which has clearly overcome whatever jitters caused it to sit out the Alltel auction in the spring of 2007. “Put simply, they can run Alltel more efficiently than Alltel can,” said Bernstein analyst Craig Moffett. “It takes a strong wireless franchise, and increases Verizon’s exposure to wireless, which is the best business in their portfolio. It lets them exercise their advantages of scale to run the business.”


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work