Verizon Sets 2006 Outlook.(Verizon Communications Inc.)

Publication: eWeek

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COPYRIGHT 2006 Ziff Davis Media Inc.

PHILADELPHIA (Reuters)--Verizon Communications Inc. on Monday said it expects its 2006 earnings, excluding one-time items, to be roughly flat compared with last year and hinted it may spin off, rather than sell, its U.S. telephone-directory publishing business.

Verizon, which last year acquired MCI Inc., said it intended to repurchase $1 billion in stock in 2006, and maintain its current dividend of $1.62 per share even after a divestiture of the directory business....

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