Boston, MA 06\/02\/2014 (wallstreetpr) \u2013 Verizon Communications Inc. (NYSE:VZ)<\/b>\u2019s Huggers plan to leave the \u201cOnCue\u201d Project signals strategy changes<\/p>\n
Erik Huggers, former British Broadcasting Corporation executive, had been involved with the development of OnCue at Intel Corporation (NASDAQ:INTC)<\/b> for more than two years. He worked for five months with Verizon Communications Inc. (NYSE:VZ) after it acquired Intel\u2019s streaming service. The Intel TV creator however has declared quitting now. His decision is giving airs to the rumor of a change in strategy of the project. The buzz is that the communication giant is losing interest in launching an Internet based TV service.<\/p>\n
Losing Interest<\/b><\/p>\n
Verizon Communications Inc. (NYSE:VZ) had bought Intel\u2019s unit to accelerate the inclusion of video services and demanded TV channels to be deliver via the Internet. After the January acquisition, however, the company is seen to shift interest in the so called \u201cover the top\u201d, or the OTT service and Huggers\u2019 departure is only works to add a confirmation to the news. Previously Verizon had said that the offer would help the company to offer video services over its Fios fiber optic technology.<\/p>\n
Huggers, however, declined any conflicts in the issue. He had worked with Verizon\u2019s Marni Walden, who was the immediate superior to him after he moved there, and said that the team he worked with was efficient. He also said that the dream will see a future but the decision is his own stand. He believes that it is time that he moves on, his next target being the Silicon Valley.<\/p>\n
Verizon Leads U.S. Market<\/b><\/p>\n
Verizon Communications Inc. (NYSE:VZ)\u2019s cellular services have been dominating the U.S. market outranging all others including Sprint Communications Inc and T-Mobile US Inc (NYSE:TMUS)<\/b>. AT&T Inc. (NYSE:T)<\/b> has however been giving a close edge competition and surprisingly, in the first quarter of 2014, the two carriers reported a tie with almost equal market shares. Sprint, on the other hand, has been losing out customers, fell to 16%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 06\/02\/2014 (wallstreetpr) \u2013 Verizon Communications Inc. (NYSE:VZ)\u2019s Huggers plan to leave the \u201cOnCue\u201d Project signals strategy changes Erik Huggers, former British Broadcasting Corporation […]<\/p>\n","protected":false},"author":32,"featured_media":22885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1648,3051,596,1900,597,1104,4213,922,4214,4212,1649,3432],"stock_ticker":[],"class_list":["post-24215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-att-inc-nyset","tag-att-inc","tag-intel-corporation","tag-intel-corporation-nasdaqintc","tag-nasdaqintc","tag-nyset","tag-nysetmus","tag-nysevz","tag-t-mobile-us-inc","tag-t-mobile-us-inc-nysetmus","tag-verizon-communications-inc-nysevz","tag-verizon-communications-inc","entry"],"acf":[],"yoast_head":"\n