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User Info Verizon ETF Warning in forum [Ticker]
Genesis
Posts: 66462
Incept: 2007-06-26
A True American Patriot!
Royal Flush!
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http://market-ticker.org/archives/1587-V....

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I used to play flute; I wonder if I can play a fife?
I incite prosecutors to create "Bubba Sausage Parking Lot" projects
Darrell Issa has a middle finger and knows how to use it - Me
2009-11-05 13:23:31
Otiswild
Posts: 913
Incept: 2009-03-09

Teegeeack
Online
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Just in time for the new Droid fone.. Given how much functionality is built into smartphones these days, I guess VZ has to 'add value' somewhere..

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"The human race will begin solving its problems on the day that it ceases taking itself so seriously."
- Principia Discordia
2009-11-05 13:27:30
Jazen
Posts: 1373
Incept: 2007-07-17
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Isn't this the same as Comcast's business model? Squeezing what little profit left from current subscribers? That is basically what Comcast announced at their earnings call.
'Not much in the way of new subscribers, but we will nickle and dime the **** out of current subscribers, fools that they are for remaining with us.'

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Y'all smoke this **** to escape reality?
Me, I don't need this ****.
I am reality.

2009-11-05 13:31:21
Digalert
Posts: 33
Incept: 2009-09-19
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contracts? http://www.wusa9.com/news/local/story.as....

2009-11-05 13:33:32
Wineaux
Posts: 123
Incept: 2009-03-23
A True American Patriot!
pure Liquid pleasure
Online
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AT&T and/or T-Mobile must be kicking the **** out of Verzion on the high-end SmartPhone side of the business.

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What wine goes with unemployment?
2009-11-05 14:56:07
Mrbill
Posts: 1245
Incept: 2008-10-19

LA
Online
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Gonna have to buy my Droid before this kicks in :)

Or wait until the backlash makes them drop it.

2009-11-05 14:58:28
Yaldor
Posts: 1309
Incept: 2008-05-17
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what about "starve the beast" ?

I have a 2005 model phone and don't use 90% of what it does.

Can someone please explain all this to me as i simply can not get it:

OK, I use SMS, i talk, i don't use GPS - why everyone need those new devices ? do you really enjoy getting and sending e-mail everywhere you go ?

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For every crash the probability of someone showing that he predicted it is near 1 .

For every prediction of an imminent crash the probability of it being correct is almost zero
2009-11-05 15:37:36
Mrbill
Posts: 1245
Incept: 2008-10-19

LA
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Hmm, I'm going to have a cell phone contract, might as well take advantage of getting a reduced-price phone every time.

I don't have cable TV or a land line, my phone is my connection to the world. I read a lot of TF from my phone too.

2009-11-05 15:56:06
Asimov
Posts: 21222
Incept: 2007-08-26

east tennessee
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Quote:
i don't use GPS - why everyone need those new devices


Because the government requires you to have a GPS in the device you're most likely to carry around. Of course they'd never use it or activate your microphone remotely without you knowing about it. You can trust them.

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It's justifiably immoral to try to deal in a moral fashion with an immoral entity.

If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-11-05 16:17:11
Wineaux
Posts: 123
Incept: 2009-03-23
A True American Patriot!
pure Liquid pleasure
Online
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Yaldor – I was a late adaptor to new technology until this summer when I purchased an Iphone. I consider the device more of a mini, hand-held computer rather that a cell phone. The compelling reason to switch from a non-smart phone is that information is available anytime at my fingertips. The Iphone in particular is brilliantly designed and very intuitive to use. Apple somehow was the first to do this in the wireless phone space, so kudos to them.

From a functionality perspective, I use Iphone to read Tickers, capture videos of my family, take pictures, and sometimes initiate trades in the market. I have an app that automatically takes my pictures and videos and transfers them to my laptop over the air so I never have to back them up using cables. E-mail is not so exciting and I receive much more than I send. GPS is cool as it allows you to find stuff and track location. For example, I can track location and distance of a trail run or jog.

It’s fun stuff and a great toy but I could live without it, push comes to shove.

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What wine goes with unemployment?
2009-11-05 16:28:56
Lostinspace
Posts: 34
Incept: 2009-05-06
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Guess I'm behind on this one. What is ETF?

I've had the same Verizon phone for over 4 years. Nothing fancy except it has a camera. Verizon sends me mail every month to upgrade. I refuse every month because my phone works fine and I don't want another contract. But now that I've heard about Straight Talk thanks to KD, I will be changing my service this month. When I do, I will buy the phone with the least amount of bells and whistles. Don't want a smart phone. The government can track your every move.

2009-11-05 16:33:32
Jnojr
Posts: 433
Incept: 2008-09-18

San Diego, CA.
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I'll have to add a +1 for "What's an ETF?"

And I don't get these "smart" phones, either. I've had the same little Motorola flip phone for 4 years, and the only reason it's so new is because the one I had before got lost. What if I lost some $700 whiz-bang gizmo phone?

I'm upset because you can't get a simple, basic flip phone any more. They want you to have this gadget covered with buttons. All I want is to be able to make a phone call once in a while. I don't want or need a $100 per month phone bill for data and millions of texts.

2009-11-05 16:52:58
Yaldor
Posts: 1309
Incept: 2008-05-17
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Wineaux, Tnx. I guess I am far behind the curve. I have ditched my laptop in 2003. Almost every where I go there is an avilable PC in case I need information.

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For every crash the probability of someone showing that he predicted it is near 1 .

For every prediction of an imminent crash the probability of it being correct is almost zero
2009-11-05 16:57:58
Wis/min
Posts: 73
Incept: 2009-08-14

On the boarder
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ETF = Early Termination Fee

2009-11-05 16:58:14
Clock
Posts: 814
Incept: 2007-09-18
Green Shoots My Ass.
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Quote:
I'm upset because you can't get a simple, basic flip phone any more. They want you to have this gadget covered with buttons. All I want is to be able to make a phone call once in a while. I don't want or need a $100 per month phone bill for data and millions of texts.


Jnojr....Try a TracFone. About $10 a month.

Mrs. Clock tells me it cost us less than $100 a year. Get discounts on minutes at Walmart.

http://www.walmart.com/Tracfone-Moto-W26....

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...lots of money still on the sidelines ~ CNBC mantra ~



Last modified: 2009-11-05 17:39:28 by clock

2009-11-05 17:37:45
Jfedak
Posts: 4755
Incept: 2007-06-26

Down in Fraggle Rock
Online
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I lost my phone over the summer and wasn't yet eligible for a new subsidized phone.

The cheapest phone they'd sell me retail was $300.
Had a wonderful discussion explaining to them that it was cheaper for me to cancel my contract, pay the ETF, and start a new one.

Guess they're closing that loophole.

2009-11-05 17:40:47
Degaston
Posts: 1025
Incept: 2007-07-27
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I'm getting screwed by T-mobile right now. I'm on a 24 month contract extension that runs out at the end of February for a Blackberry. If I cancel now it'll cost me $200. My Blackberry died this weekend and all the resurrection/fixes I tried didn't work. My only option to avoid the cancellation fee was to get another T-Mobile phone. I opted for a pay-go phone that cost me $20 for the phone and $2O for the car charger. I hate my new phone and miss my Blackberry. Now I've got to decide whether to just hang on or get a new phone.

What would you all do if you were starting from scratch on a mobile phone right now?

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8/20/2009: Strong Buy ratings - PACR, GIGM, UNG, CSR, PBW - 10 percent in the market right now with 90 percent in cash
2009-11-05 17:54:40
Degaston
Posts: 1025
Incept: 2007-07-27
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BTW I'm willing to spend a decent amount for good value on internet/GPS + about 200 text messages per month.

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8/20/2009: Strong Buy ratings - PACR, GIGM, UNG, CSR, PBW - 10 percent in the market right now with 90 percent in cash
2009-11-05 17:56:51
Mrbill
Posts: 1245
Incept: 2008-10-19

LA
Online
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Degaston: did you try ebay or something? All you need is any old tmobile phone that you can use your sim card with.

2009-11-05 18:02:30
Uncleoxidant
Posts: 1575
Incept: 2007-07-10
Stumptown
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Yaldor: I'm with you. I still have my phone from 2004 and I use it only to talk on. I haven't SMS'ed since I was in Europe a few years back. It was free to send text messages there as it should be here. I refuse to give these crooks more money for text messages than for voice service. Text takes very little bandwidth as compared to voice. Oh, and our old plan is still in effect: $40/month for 2 phones, 300 free minutes. I'd rather pay less/month but can't find any plan these days that would allow me to do that. They seem to add more bells & whistles and charge you more for them all the time.

I've looked at some prepaid phones, but I don't think I can beat what I'm paying for 300 minutes/month. The TracPhone seems to charge $40 for for 200 minutes... and then another $10/month on top of that... and that's only 1 phone.

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Debt is slavery

Last modified: 2009-11-05 18:42:50 by uncleoxidant

2009-11-05 18:37:28
Loudoungroup
Posts: 2784
Incept: 2008-02-01

San Antonio, TX
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I canceled my family plan today for a ETF of about 100 per line. Fed up, going to buy a couple phones at Walmart this week and purchase pay as you go service....$30 for 1000 min, good amount of text, and data....per month or $45 per month for unlimited everything....

Nice Razor flip with Straight talk card.....

http://www.walmart.com/Motorazr-V3A/ip/1....

P.S. - I can't stand my Storm, it's a POS.

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http://caps.fool.com/player/loudoungroup.aspx

Last modified: 2009-11-05 19:27:52 by loudoungroup

2009-11-05 19:25:02
Joe-bob
Posts: 1548
Incept: 2007-09-18
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I'm actually not THAT surprised. Last week I was comparing Sprint and Verizon's pricing... phones that go for $200-$300 on sprint were going for more like $50 on verizon - I was thinking holy **** they subsidize the crap out of their phonees, how can they sustainably do that!? So the ETF makes sense in light of the bigger subsidies - even if someone cancels and they charge the full $200, Verizon would probably lose money.

I'm still amazed by the "I lost my PDA and the new one costs a lot so my service provider is screwing me" What do people not understand about the fact that THAT'S HOW MUCH THEY REALLY COST. $300-$600 easily for a mini-computer more powerful than a laptop a few years ago. No, you can't get a second one for free or $50 during the first year... because right now, YOU"RE STILL PAYING OFF THE FIRST ONE YOU GOT. I guess if you totaled your car and didn't have insurance, you'd go back to the car dealer and say "I only had to pay $1000 down payment for that first Mercedes with all the extra features and trimmings, give me another for just another $1000, but after I pay that $1000 down payment and you give me a second car, I want to keep paying the same loan payments as before" Your monthly rate plan only takes into account monthly payments to make up for ONE subsidized phone.

I really think the phone subsidy should be a separate $20/month charge that says "phone subsidy" on the bill. Want to subsidize a second phone purchase? Okay, you can have two $20 monthly "phone subsidy" charges attached to your phone number instead of one. Or maybe company policy should be that PDA/Smartphone holders be REQUIRED to activate insurance on their phones so down the line they don't think there's somehow an injustice being done because a phone really does cost $400. WTF do you THINK happens when you lose your phone, crash your car, burn down your house?

Verizon's strategy is clearly to lure people over to them with low, low priced (HEAVILY subsidized) phones, then keep customers with a higher termination fee. So I think people with lower impulse control will flock to Verizon for the "cheap phone prices" and be unhappy later on when it's time to pay the piper while the prudent will go with the "more expensive" phones, lower prices, and avoidance of future consequences with T-Mobile.

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écrasez l'infâme -Voltaire

To punish the oppressors of humanity is clemency; to forgive them is barbarity. —Robespierre

2009-11-05 21:40:37
Lurkn
Posts: 629
Incept: 2007-08-27
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Verizon sucks had them years ago and ran after the contract was up. Went to Alltel loved them, with them about 8 years then Verizon buys them. Had to go in for customer service on my BB, clueless bunch of ****wits had to make two trips to get it done. Their customer service is non-existant, my contract is up in March and I am gone again..... going back to the most simple ass phone I can find and pay as I go...........**** cell phone companies

L

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That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government,
STARVING THE BEAST &
BLEEDING THE BEAST
2009-11-05 21:48:59
Lemonaid
Posts: 3509
Incept: 2008-01-20

Detroit Metro
Online
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Just signed up to Page Plus (pre-paid service operates on Verizon network). 1200 voice/1200 text/50mb data - 30 bucks a month (out the door). Got rid of Sprint.

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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises

Last modified: 2009-11-05 23:25:49 by lemonaid

2009-11-05 23:24:27
Nuke_engineer
Posts: 625
Incept: 2007-08-19
NC
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From a cellular communications and consumer perspective the United States is essentially no more than a third world country. The cellular carriers and the FCC have conspired to keep the monopolies going and sucking the money out of the consumer, not much different than what we've seen in the retail banking sector.

The FCC has acquiesced to high fees for crossover carrier wholesale fees as well as allowing closed handsets and not encouraging the more open approach seen in most of the rest of the world. The carriers encourage this, mistakenly thinking and a more open retail system would hurt growth rather than encourage it.

The end result? Some places in Afghanistan have better cellular coverage than we have here in the US and cell phone consumer costs are much higher here than in many countries in Asia and Europe.

Droid represents a dangerous gamble by Verizon, the most closed of all of the cellular carriers. Since the hardware and software is open source/hardware, this could backfire by allowing hacking, transfers across carriers, etc. IMHO it's marketing fear, not greed that's causing the higher ETFs.

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Trespassers will be shot. Survivors will be shot again.
2009-11-05 23:39:04
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