Monday, October 26, 2009

FIOS disappoints "Wall Street," after disappointing my "Main Street"

Verzion Earnings Article

As expected...

"Verizon's heavily promoted FiOS TV service gained 191,000 customers. That increase was 18 percent lower than the level of a year ago and far less than the 253,000 expected by Wall Street, said Sanford Bernstein analyst Craig Moffett. He called the growth in FiOS a "clear disappointment."

The analyst must not be a FIOS subscriber. Otherwise, he'd have a lot worse things to say about FIOS than "clear disappointment." I'd go with utter disaster, complete buffoons, totally incompetent putzes, and just an abundance of morons.

It's pretty simple. FIOS can't survive on fiber optic hype alone, whatever the heck that even means. As long as testimonials about their customer "service" are widely circulated and a common theme for competing cable provider advertisements, they are fighting a losing battle.