This afternoon we were invited to attend the 2nd Quarter 2007 Company Performance meeting held right here at headquarters in Basking Ridge. The conference was held exclusively for VZW employees with over 20,000 locations all over the country listening in via Webcast technology.
A main topic that was discussed was financial earnings as compared to the other top wireless carriers. Included in the presentation was how VZW stands in the wireless market now and what they are planning on doing for future investments. Lowell McAdam talked about VZW and its plans on following the bidding for the new 700MHz spectrum to be deployed later in January. As the weeks continue the rules will be positioned by the FCC on the auction for this new communications band. Rumor has it on the internet that Google might be taking high bid for it. We'll have to wait and see.
Also included in the presentation were some new devices that will be hitting the shelves which I can’t disclose any other information about. But I did get to play around with some of them at the previous week's "Young Adult Marketing Session." The infamous iPhone was mentioned as well, stating that by it using the 2G EDGE network it's really a limiting factor for some data users as compared to our devices which reside on a much faster 3G network. Some strategies were mentioned on how VZW will compete with AT&T's products and services. Also some FiOS implementation numbers were mentioned and the service is rapidly expanding throughout all available areas.
Some other goodies were mentioned which again I can't disclose but are definitly going to give Verizon a bright future. All in all it was a great experience to be part of an organization this huge and experience something like this. Ill get an update later this week on the project status.
