Verizon Giveth & Verizon Taketh Away
2:50 PM -- Heads must be spinning over at Qualcomm Inc. (Nasdaq: QCOM) after a week of huge news from the largest CDMA carrier in the U.S., Verizon Wireless .
The New Jersey-based operator threw the CDMA kingpin Qualcomm a juicy bone Tuesday with the news that it will open up its CDMA network in 2008. This should mean many new CDMA devices on the market in the tail-end of this decade. (See Verizon Tears Down the 'Walled Garden' .)
Today, however, the carrier said it will drop CDMA for its 4G network, which will likely start to be lit up after 2010. As CIBC World Markets analysts say:
"Qualcomm is the key loser, we think, as the CDMA 4G migration path is abandoned... Qualcomm has yet to license LTE... Other CDMA carriers will now need to consider their steps as the ecosystem shrinks." (See Verizon Goes LTE.)
— Dan Jones, Site Editor, Unstrung