Verizon Can Reverse Sliding Profits with Successful Droid (PC World via Yahoo! News)

Verizon reported increased revenue, but lower profit for its most recent quarterly results. Layoffs of 4,000 employees helped to offset expenses and one-time costs incurred by the acquisition of Alltel Corp. If the Android-based Droid smart phone can live up to its pre-release hype, Verizon might be able to turn things around and increase profits next quarter.