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Wireline Operating Expenses Down 2.7 Percent Year Over Year.
He's also bullish on some Canadian telecom stocks, where he says the wireless market at 50% penetration is still largely untapped and the wireline operating environment more disciplined.
Verizon reported that its wireline operating income was $606 million for the first six months of this year, compared with $9.0 billion at Verizon Wireless.
Wireline operating income totaled $1.7 billion, compared to $1.9 billion in the first quarter of 2010 and $2.0 billion in the fourth quarter of 2010.
First-quarter wireline operating expenses were $13.2 billion, down 2.7percentt versus the first quarter of 2010 and up 0.4percentt sequentially.
AT&T's first-quarter wireline operating income margin was 11.5percentt, down slightly compared to 12.0percentt in the year-earlier quarter and 13.0percentt in the fourth quarter of 2010.
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It is not clear exactly what Nokia brings to the wireline operation that could boost profitability.
As many as 45,000 workers in the wireline operations of the company are striking.
Wireline total operating expenses decreased 1.7percentt over the same period.
These include mud-gas monitoring, creating a cuttings cookbook to standardize scientific usage of cuttings, operating large diameter wireline logging tools (e.g., Modular Formation Dynamic Tester; MDT), and long-term observatory installation, all of which have been successfully implemented and have produced important scientific results.
Overall wireline revenues were $14.9 billion, down very slightly year-over-year, though operating income did lift a bit to $1.8 billion.
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