UPDATE: Free Cingular With iPhone Rumor Is “Hooey”

Eric Savitz at Barron’s took a look through the transcripts of the call that CNBC’s Jim Cramer claimed contained a vow by Cingular to offer free service for 18 months to Verizon customers who switched for the iPhone. What did he find? Nothing. Zip.

I searched the transcripts of both the investor conference call yesterday with Cingular, and another today with AT&T, and neither says anything like that at all. In fact, the Street.com story is dated yesterday, and AT&T didn’t even hold its call until this morning. I also talked to Cingular spokesman Mark Siegel, who said that the company has not announced any details on service plans for iPhone users yet, and won’t do so until shortly before launch.

Yeah, free service? We didn’t think so. —MEGHANN MARCO

Apple: Cingular To Give Away Free Service With iPhones? Don’t Believe Everything You Read [Barron’s]


Edit Your Comment

  1. Mr. Gunn says:

    Reminds me of that classic business strategy that went something like “Sell the the razor and give ’em the blades for free!”

  2. Falconfire says:

    well there is your answer, I said if he was lying then we would know, now we know. Still wont say he doesnt know his shit finacially, but he was obviously not checking his facts here.

  3. HawkWolf says:

    Cingular, giving something for free?

    Who believed that one?

  4. SexCpotatoes says:

    You will have to sign up for one of Cingular’s ‘rape plans.’

  5. orielbean says:

    Cramer is kind of a schmuck anyways. My father took a good look at his portfolio, and he still doesn’t beat any of the mediocre traders one bit.

    He is good to watch to learn industry jargon and get a feel for how things work from a theory POV.

    But please God, stay logged out of your trading platform while he is broadcasting and hide your broker’s phone number from yourself.

    If he told you that it’s a good idea, that’s because it *was* a good idea and the floor traders already acted on it.