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Some stories were meant to die and rise, every third day or so, zombie-like in a never ending cycle. Such is the tale of the iPhone on Verizon.

DigiTimes, ever a source of rumorological wonder, claims that Taiwanese smartphone assembler Pegatron has snagged an order for 10-million CDMA iPhones. Further, components makers involved in the deal say they expect to start seeing revenues from the order in August or September.

Although it’s known that Apple and AT&T signed a five-year exclusive agreement for the iPhone, which could be in force until 2012, contracts change and Ma Bell’s service issues over the years would have reason enough for Cupertino renegotiate the deal.

Thereupon, it’s been rumored that Apple allowed a six-month extension of AT&T’s exclusive until the of this year in exchange for the $30 per month, contract-free iPad data plan. Of course, this assumes that the original five-year deal had been previously scotched and/or renegotiated.

So, has Apple really ordered 10 large CDMA iPhones? I’ll believe it when I can make a call on one…

What’s your take?