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Can Ma Bell Keep Up?

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It's official - the iPhone is Zeus disguised as a telephone. But the network on which it runs has been described by some as less than heavenly - making the sleek iPhone the technological equivalent of a Ferrari with no tires. In an exclusive interview Dylan Ratigan talks with Richard Burns, the President of Network Operations for AT&T Mobility.

Do you ultimately believe that the AT&T network can deliver the quality of service that everyone is expecting from this phone?”

“Dylan I certainly do,” says Burns. "We're very excited about the combination of the iPhone and the edge network. The edge network that we have is the most ubiquitous data network in the country. It covers over 270 million people and it extends internationally to over 200 other countries for voice and over a 120 other countries for data. And when you’re in a WiFi hot spot you’ll be even faster than you are on the edge."

Do you buy the argument that the iPhone in fact is not a determent to premium handset makers but is a benefit. Now have you seen a pick up in demand for non iPhone but BlackBerry based or high end Nokia (NOK) based users on your network.”

“I think its really going to stimulate demand,” replies Burns. Were going to get a lot of traffic into our stores and a lot those folks will buy iPhones and a lot of them will buy BlackBerries and a lot of them will buy Samsung devices. And I think that it is going to be a stimulant factor for the industry as a whole.”

What’s the first word that came out of your mouth when you held the iPhone in your hand?

“Wow!” says Burns.

Pete Najarian tells the panel he thinks Vodaphone (VOD) is a buy because it will get the iPhone contract for Europe.

Guy Adami agrees and says Vodaphone is a better trade right now than AT&T (T).

Jon Najarian recommends Research In Motion (RIMM).

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VOW3
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NOKIA
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BB
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T
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Trader disclosure: On June 29 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Jon Najarian Owns (RIMM); (AAPL), (DIS), (UNH), (TOL), (JNPR), (KOMG), (ZQK), (ISRG), (ITG), Pete Najarian Owns (BIDU), GE Is The Parent Company Of CNBC