VZ is spinning off info services division. To a new company to be named IdeArc (or something like that) which will be traded under the symbol IAR.
I don't think that's the big killer here. T and the other telcos are suffering as well. It the fact that the dems have been voted into power and their plans are not in favor of telco companies plans. CATV is getting hit as well, the main issue that's bringing them all down is Net Neutrality. Something the Dems support.