This excerpt taken from the VZ 8-K filed Jan 28, 2008.
Delivering Value to Shareowners
In the fourth quarter, the momentum of revenue growth and margin expansion continued to drive double-digit earnings growth, and we once again reported strong growth in sales of all our strategic products, said Verizon Chairman and CEO Ivan Seidenberg.
Throughout 2007 Verizons results consistently showed success in what we set out to do: grow revenue, capture market share, improve margins, increase productivity and provide the best customer experience, he said. In 2008 we are focused on these same strategic imperatives, and we are confident that our performance will continue to deliver value to shareowners. We see significant opportunities to grow revenues and expand our leadership in wireless and broadband markets, while reducing operating expenses.