September 28, 2012
September's best tech performer on the Dow was Verizon Communications (NYSE: VZ ) . Shares rose around 6%, driven largely by anticipated demand for Apple's (Nasdaq: AAPL ) iPhone 5. Verizon and rival AT&T (NYSE: T ) share an effective duopoly in the telecom space, but the former has a strong advantage, with coverage in 317 cities for its 4G LTE. This already covers nearly 75% of the U.S. population, and by the end of the year they plan to grow that number to an estimated 400 cities.
Contrast that with AT&T, which has 65 major markets and plans to expand to only 100 this year. Sprint (NYSE: S ) , the No. 3 U.S. carrrier, has a mere 19 markets under coverage but has stated ambitious expectations to add an additional 100 by year's end.
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