8-K 1 d88170e8-k.txt FORM 8-K 1 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: June 5, 2001 (Date of earliest event reported) VERIZON COMMUNICATIONS INC. (Exact name of registrant as specified in its charter) Delaware 1-8606 23-2259884 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer Identification No.) incorporation) 1095 Avenue of the Americas, New York, New York 10036 (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 395-2121 Not applicable (Former name or former address, if changed since last report) ================================================================================ 2 Item 5. Other Events. In a meeting with analysts on June 4, 2001, Lawrence T. Babbio, Jr., Vice Chairman and President of Verizon Communications Inc. (NYSE:VZ), discussed the effect of the economic slowdown on the business and reported that: (a) business formation is slowing; (b) DSL second quarter sales may be lower than first quarter due to some delays caused by conversion to a separate subsidiary in California and the potential impact of price increases; (c) capital expenditures likely will not be revised further for 2001 but could be reduced in 2002 if economic conditions impact demand; and (d) the Company is comfortable with current consensus estimates for second quarter EPS. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Verizon Communications Inc. ---------------------------------------- (Registrant) Date: June 5, 2001 /s/ Marianne Drost ---------------- ---------------------------------------- Marianne Drost Senior Vice President, Deputy General Counsel and Corporate Secretary