In has Letter to Shareowners, Verizon CEO Lowell McAdam outlined the company's plan to focus on reinforcing its wireless broadband, FiOS, and global Internet backbone networks. He reiterated their prior point of completely rolling out nationwide 4G-LTE by mid-2013. Interestingly, he noted the movement they're making toward the purchase of additional wireless spectrum in order to increase their network's availability and functionality. McAdam also described meeting with four major US cable companies to jointly market a "quaduple play" of services -- wireless, video, voice and Internet -- across the country.
Moreover, McAdam made numerous remarks about Verizon's faith and investment in Cloud computing, which was highlighted by the early-2011 decision to buy up cloud provider Terremark for $1.4 billion. This is a move which was undoubtedly made in direct response to similar plans announced by AT&T and Amazon. Prior to the acquisition, Verizon marketed a Cloud database toward large enterprises, government, medium-sized businesses and the like. But with the purchase, Verizon has made abundantly clear their goal of bringing the Cloud to the general consumer. In the report, the McAdam noted verbatim that "pursuing these new market opportunities is Verizon's major strategic thrust" -- if that doesn't denote a complete faith in Cloud technology, then nothing does.
Furthermore, talks of working with manufacturers and utility companies to embed machine-to-machine telematics in cars and utility grids -- in order to take on the task of energy conservation -- were present.
McAdam closed the letter by stating that his main goal was the globalization of the Verizon name. But aside from networking-related ventures, there's nothing much else to note. As it does not actively engage in the development of new technologies per se, there's no new "product" of which to be spoken. As was stated quite clearly, the goal of Verizon moving forward is to strengthen what they already have and to expand the brand.
Moreover, McAdam made numerous remarks about Verizon's faith and investment in Cloud computing, which was highlighted by the early-2011 decision to buy up cloud provider Terremark for $1.4 billion. This is a move which was undoubtedly made in direct response to similar plans announced by AT&T and Amazon. Prior to the acquisition, Verizon marketed a Cloud database toward large enterprises, government, medium-sized businesses and the like. But with the purchase, Verizon has made abundantly clear their goal of bringing the Cloud to the general consumer. In the report, the McAdam noted verbatim that "pursuing these new market opportunities is Verizon's major strategic thrust" -- if that doesn't denote a complete faith in Cloud technology, then nothing does.
Furthermore, talks of working with manufacturers and utility companies to embed machine-to-machine telematics in cars and utility grids -- in order to take on the task of energy conservation -- were present.
McAdam closed the letter by stating that his main goal was the globalization of the Verizon name. But aside from networking-related ventures, there's nothing much else to note. As it does not actively engage in the development of new technologies per se, there's no new "product" of which to be spoken. As was stated quite clearly, the goal of Verizon moving forward is to strengthen what they already have and to expand the brand.