Posts Tagged ‘ vz ’

Bad Idearc? Is Verizon On The Hook For Bankrupt Spinoff’s Debt?

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March 31, 2013
Verizon_Communications_Logo_Horizontal_Cropped

In 2006, Verizon(VZ), spun off its declining directory business as Idearc, saddled with billions in debt. Just 28 months later, the company filed for bankruptcy, Idearc has since restructured and reemerged as SuperMedia(SPMD), but trustees for the debtors are continuing their fight against Verizon for the repayment of debt. On Friday, the trustee for...
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Recent Spinoff Motorola Mobility Falls On Slowing Sales

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January 27, 2011
Recent Spinoff Motorola Mobility Falls On Slowing Sales

Image via Wikipedia Just weeks after its debut, Motorola Mobility(MMI) warned that sales were slowing in the face of Verizon’s iPhone introduction.  Despite reporting a profit and beating analyst estimates by $.01, the stock traded down sharply as the company projected a loss for the current quarter. Analysts had, on average expected earnings of...
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