humpagardengnome
Well-known member
- Oct 24, 2011
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First, let me say, I'm not defending Verizon here [puts on two pairs of Nomex underwear]. It isn't so much that the "public never knows why", it's more a matter of not knowing all the underlying costs.
Verizon is updating all of their equipment from 3G to 4G at very rapid pace. Supposedly, they plan to have everybody on 4G by the end of 2013. All that infrastructure cost money, and the only way Verizon can get it, is to charge the customers. They are not just charging for the actually cost of supplying X number of GBs of data or whatever. That cost also includes repair and replacement of equipment, R&D of technology, and all the other thousands of things that go into company overhead, as well as, a return on investment (ROI). Usually, you get what you pay for. Yes Verizon Wireless has a pretty good earnings rate, but much of their money is going back into the network and support services (gotta pay for all those reps and techs? training? LOL).
Many people like the idea of paying less money to one of the other carriers ? problem is that, for a lot of us, the service doesn?t fit our needs ? and some of those same people complain about the other network's capacity. Most of the other carriers don?t have the network capability of Verizon (or AT&T), so unless they offer something that makes sense for you, Verizon may be the only way we can get the services we want (need?).
With the new pricing plan, there are going to be winners and losers. Certain users will love it and others will hate it. Verizon doesn?t care as long as the cash flows remain steady and allows them to increase capacity and sales, plus make a buck or two. As Michael Corleone told Sonny: "It's not personal, Sonny. It's strictly business."
Such is life.
I'd buy it hook, line & sinker if earnings reports matched up but all I see are earnings up every quarter for the last couple of years. They are covering all their expenses and making cash. Good for them, but they don't need to sugarcoat stuff or lie about stupid things like adding additional costs to fund further enployee training.