Dow 30 Telecom Stock Action
The Dow is down 1.38 percent Friday and currently stands at 13,024. The slide has much to do with the April unemployment report released today.
AT&T, Inc. (NYSE:T): Boy Genius says that the new Galaxy S III smartphone (made by Samsung) could be available on all four major U.S. cell phone carriers, plus several of regional carriers by this summer. Further the report indicates that a dropdown menu which enables the device’s users to select their carrier preference includes all five major carriers AT&T, Sprint (NYSE:S), Verizon (NYSE:VZ), T-Mobile, MetroPCS (NYSE:PCS) and U.S. Cellular (NYSE:USM).
Featured Reading: Gold & Silver Act as Safe-Havens After Unemployment Report>>
Verizon Communications Inc. (NYSE:VZ) might be directed to delay the start of its decision to cease providing standalone DSL Internet service, if several small telecom firms and consumer groups have their way. FCC Chairman Julius Genachowski received a letter from the parties Thursday, that ask for an investigation and relief, according to The Hill. Further, the report says that Verizon will cancel service for its current customers who receive DSL Internet alone, should they move to a new location, or make changes to their current accounts.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.