There appears to be an anomaly in the relative market valuations of SBC and Verizon due to differences in how they report wireless results.
I am challenging anyone to account for the 25% premium enjoyed by Verizon
shares over SBC.Everyone seems to think Verizon is the larger company, but SBC is larger by
revenues and customer counts for celluar, LD, DSL, and Data. The two report
the same number of total access lines. SBC has somewhat better overall
margins.