Verizon Wireless is in an enviable ...

Verizon Wireless is in an enviable position: with $142 million in income in 2000 and 27.5 million subscribers, it can afford to wait public a faltering market.

The company, a joint adventure of Verizon Communications and Vodafone assemblage of Great Britain, had planned to advance public earlier this year.

"We stopped it. The market conditions haven't improved, and we're not going to fire-sale these shares," says Charles to leeward Verizon Communications' chairman and co-CEO

Still, he says, the company is aiming for a late-summer offering.

Verizon Wireless, l by dint of President and CEO Dennis F Strigl, has 90 percent market penetration in the U It added 518000 customers in the first quarter of this year, still Wall Street was expecting anywhere from 575000 to 750000 novel customers. Lee had no illustration on speculation that second-quarter subscriber bourgeoning would also be soft.

In contrast, Verizon Communications had 700000 DSL customers at the [i]finale[/i] of the first quarter, and plans 1.2 million to 1.3 million on the end of the year.

"I think the data world is going to take off" lee-side says. "Everyone's spending millions and millions of dollars searching for killer apps."

Verizon Wireless' strange products include a mobile messaging service that can handle two-way passage messaging, a mobile office that can dial the Internet or personal digital assistant from a lonely dwelling phone, and a Smartphone that combines a PDA with a wireless phone The company has also introduced prepaid wireless service.

Copyright ?© 2004 Ziff Davis Media Inc. All Rights Reserv Originally appearing in eWEEK.