From CNET: Is Yahoo the shot in the arm that Verizon needs?
That's a debatable sentiment. In the past few weeks, Yahoo -- which Verizon is planning to acquire for $4.8 billion -- drew the kind of headlines that make you cringe.
It suffered what could be the biggest hack of all time, coughing up the account information of at least 500 million customers. Then came reports that Yahoo helped the government sniff through its users' e-mail, sparking a controversy in which the company now wants the US to provide some answers.
Despite Yahoo pulling in a surprisingly strong profit, that's the kind of run that has to elicit buyer's remorse from Verizon, right?
Verizon has had a tough stretch itself. The company on Thursday posted third-quarter results that showed it was under siege in its core wireless phone business by smaller rivals T-Mobile and Sprint. It turns out that Verizon's reputation for network quality isn't worth what it used to.
The New York telecom giant said it lost 36,000 phone customers, a blow that leaves a mark on the overall gain of 442,000 customers, driven by tablet sales and its Hum telematics device for cars.
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