Posted Jul 3rd 2009 11:00AM by Brian White
Filed under: Consumer experience, Competitive strategy, Sprint Nextel Corp (S)
When Sprint Nextel Corp. (NYSE: S) released a $50/month "unlimited everything" plan with its Boost Mobile prepaid unit back at the start of the year, it never knew what firestorm it would eventually set off. Indeed, that move caused a huge spike in Q1 subscribers to Sprint, with a number north of 700,000 -- and it caused the prepaid wireless competition to start offering low monthly costs for unlimited talktime plans (often with unlimited use of other features).
Tracfone, the largest prepaid service in the U.S., has finally fallen into place. The prepaid reseller's "Straight Talk" pan will cost $45 per month for unlimited talktime, further making comparisons of prepaid and post-paid wireless easy for many cash-strapped consumers. With post-paid wireless plans costing $99 and up for unlimited talk, prepaid plans for half the cost are soaring during the recession.
Continue reading Sprint Nextel, Leap Wireless stand to lose some business
Posted May 19th 2009 8:30AM by Paul Foster
Filed under: Sprint Nextel Corp (S), Palm Inc (PALM), Options
Palm (NASDAQ: PALM) closed at $12.06. Sprint announced pricing and nationwide availability for the Palm Pre phone on June 6. PALM June call option implied volatility is at 79, puts are at 85; below its 26-week average of 99, according to Track Data, suggesting decreasing price movement.
Sprint (NYSE: S) closed at $5.32. S June option implied volatility of 77 is below a level of 93 from May 4 and below its 26-week average of 117, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted May 9th 2009 9:40AM by Trey Thoelcke
Filed under: Earnings reports, General Motors (GM), Toyota Motor Corp. (TM), Estee Lauder (EL), Sprint Nextel Corp (S), Archer-Daniels-Midland (ADM), CBS Corp 'B' (CBS), Chesapeake Energy (CHK), Activision Inc (ATVI)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: GM, Toyota, CBS, Sprint, ADM, MGM, Nintendo, UBS and more
Posted May 5th 2009 3:40PM by Brian White
Filed under: Earnings reports, Bad news, Sprint Nextel Corp (S)
Sprint Nextel Corp. (NYSE:
S), the trying to be the"comeback kid" under CEO and telecom vet Dan Hesse, just lost another swath of customers in its latest quarter. The company reported almost an almost $600 million net loss in its latest quarter as its postpaid (contract) customers continue to defect to the competition.
All in all, this quarter wasn't as bad for Sprint as previous quarters. The third-largest wireless carrier in the U.S lost 182,000 wireless customers last quarter, leaving it with under 50 million total wireless customers. Still, the last quarter of 2008 saw Sprint lose about 1.3 million customers, so this past quarter was quite the marked improvement.
Continue reading Sprint Nextel continues losing customers, sees $600 million net loss
Posted Apr 8th 2009 4:00PM by Jon Ogg
Filed under: Cisco Systems (CSCO), Sprint Nextel Corp (S), Alcoa Inc (AA), Bed Bath and Beyond (BBBY), Centex Corp (CTX), Juniper Networks (JNPR)

This was one of those days that if you just looked at a large group of stocks you would have no feel for the closing bell levels. The FOMC Minutes from the March 17 to March 18 meeting were given
some of the blame for the late day sell-off, although if you have to read one-month old data to get insight into a post-Fed action event explaining it... then something is wrong.
Hence the late-day recovery after that. The reality is that traders are still using any excuse to take a profit or to lighten up after a four-week run, and there are still buyers out there to meet them. Here were today's unofficial closing bell levels:
Dow 7,837.11 +47.55 (0.61%)
S&P 500 825.16 +9.61 (1.18%)
Nasdaq 1,590.66 +29.05 (1.86%)
Top Analyst CallsTop Tech Analyst CallsContinue reading Closing Bell: Up, Down, Up... What the heck? (AA, BBBY, CSCO, JNPR, PHM, CTX, S)
Posted Mar 16th 2009 12:05PM by Eric Buscemi
Filed under: Analyst reports, Analyst upgrades and downgrades, Exxon Mobil (XOM), JPMorgan Chase (JPM), Sprint Nextel Corp (S), Whole Foods Market (WFMI), Coca-Cola Enterprises (CCE), Newell Rubbermaid (NWL), Analyst initiations, SanDisk Corp (SNDK)
Analyst upgrades:
- KeyBanc upgraded Greenbrier (NYSE: GBX) to Buy from Hold as it believes the company has options to forestall covenant violations or bankruptcy, event if conditions deteriorate further.
- Friedman Billings upgraded Whole Foods (NASDAQ: WFMI) to Market Perform from Underperform citing low expectations, favorable FTC settlement, progress on cost cutting, and valuation.
- JP Morgan believes First Merit (NASDAQ: FMER) is one of the best positioned Midwest banks to weather the storm and notes its compelling valuation and capital levels. The firm upgraded shares to Overweight from Neutral.
- Coca-Cola Enterprises (NYSE: CCE) was raised to Buy from Neutral at Goldman.
- Newell Rubbermaid (NYSE: NWL) was upgraded to Buy from Neutral at Banc of America/Merrill.
- Compass Minerals (NYSE: CMP) was lifted to Outperform from Perform at Oppenheimer.
Continue reading Analyst upgrades, downgrades and initiations: WFMI, CCE, S, XOM, JPM ...
Posted Feb 21st 2009 3:40PM by Trey Thoelcke
Filed under: Earnings reports, Wal-Mart (WMT), Sprint Nextel Corp (S), Comcast Cl'A' (CMCSA), CVS Corp (CVS), Expedia Inc (EXPE), Hormel Foods (HRL), Teva Pharm Indus ADR (TEVA), Goodyear Tire and Rubber (GT)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, Comcast, CVS, Sprint, Hormel, Priceline and more
Posted Feb 19th 2009 8:03AM by Melly Alazraki
Filed under: Earnings reports, Hewlett-Packard (HPQ), Sprint Nextel Corp (S), CBS Corp 'B' (CBS), Whole Foods Market (WFMI), CVS Corp (CVS), Crocs Inc (CROX)
U.S. stock futures were higher Thursday morning, pointing to a stronger start on Wall Street as investors continued to focus on the economy.
Before the bell: Futures point to higher start ahead of economic data
Hewlett-Packard Corp. (NYSE: HPQ), reported a
13% quarterly drop in earnings as sales ticked up just 1% due to the recession. Results were inline with estimates, and even though it cut its 2009 guidance, it was still in line with Wall Street's expectations. HPQ shares declined 3.4% in premarket trade.
Sprint Nextel Corp (NYSE: S) posted a $1.6 billion, or
57 cents per share quarterly loss on Thursday and said a total of 1.3 million wireless customers had left its service during the quarter. Revenue fell to $8.4 billion from $9.8 billion a year earlier, and topped the Street's estimate. Sprint expects subscriber losses to improve in 2009. Sprint shares are soaring some 6.6% in premarket trading.
Continue reading Stocks in the news: HPQ, S, UBS, WFMI, CROX, CBS, PCLN, LDK, CVS
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