BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[American Movil SA is an incontrovertible south-of-the border success story]]>http://www.bloggingstocks.com/2008/02/08/american-movil-sa-is-an-incontrovertible-south-of-the-border-suc/http://www.bloggingstocks.com/2008/02/08/american-movil-sa-is-an-incontrovertible-south-of-the-border-suc/http://www.bloggingstocks.com/2008/02/08/american-movil-sa-is-an-incontrovertible-south-of-the-border-suc/#commentsFiled under: , ,

The choppy/consolidating (or perhaps worse) market conditions sometimes give the impression that growth plays do not exist, but that is not the case, and one growth company worth reviewing is American Movil SA.

American Movil S.A.B de C.V. (ADR) (NYSE: AMX) is the largest wireless service provider in Latin America, and one of the 10 largest in the world.

Analysts see 2008 revenue rising of 15-20%, after a 32% increase in 2007. Further, analysts also like the company's successful expansion to 13 other markets in the region, to go along with its two key markets: Brazil and Mexico.

Hence, analysts also really like AMX's current subscriber base -- a remarkable 153 million in 2007 -- and its projected subscriber growth rate of 12-15% for 2008, and 10-13% for 2009.

Continue reading American Movil SA is an incontrovertible south-of-the border success story

American Movil SA is an incontrovertible south-of-the border success story originally appeared on BloggingStocks on Fri, 08 Feb 2008 17:13:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>American MovilAMXcell phone serviceCellPhoneServiceemerging marketsEmergingMarketsLatin AmericaLatinAmericamobile sectorFri, 08 Feb 2008 17:13:00 EST<![CDATA[Sprint shares plunge 15% -- to cut 4,000 jobs, close 125 stores]]>http://www.bloggingstocks.com/2008/01/18/sprint-shares-plunge-15-to-cut-4-000-jobs-close-125-stores/http://www.bloggingstocks.com/2008/01/18/sprint-shares-plunge-15-to-cut-4-000-jobs-close-125-stores/http://www.bloggingstocks.com/2008/01/18/sprint-shares-plunge-15-to-cut-4-000-jobs-close-125-stores/#commentsFiled under: , , ,

Sprint's shares plunged more than 15% Friday morning after the company said it will cut about 4,000 jobs and close 125 stores to cut costs to improve its financial performance, the company announced Friday in a statement. Sprint's shares sank $2.06 to $9.51 in early trading Friday.

Sprint (NYSE: S), the No. 3 wireless carrier, said the action would lower labor costs by about $700-$800 million annually. Sprint said the jobs cuts would occur nationally, and would include managers.

The action comes after the company announced that it lost an additional 683,000 customers last quarter, which brought 2007 customer losses to 1.2 million.

No 3. carrier Sprint has been stung by customer departures, as customers have been lured to competitors AT&T (NYSE: T) and Verizon Wireless (NYSE: VZ), which feature more-popular phones/PDAs and better service. Moreover, although Sprint's call quality and network has improved in the past six months, Sprint has found it difficult to reverse the company's earlier reputation as one of the worst call networks in the mobile sector. In addition to Sprint's aforementioned attrition problem, analysts believe that reputation is holding down subscriber recruitment.

Continue reading Sprint shares plunge 15% -- to cut 4,000 jobs, close 125 stores

Sprint shares plunge 15% -- to cut 4,000 jobs, close 125 stores originally appeared on BloggingStocks on Fri, 18 Jan 2008 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ATTcell phonesinthenewsmobile phonesmobile sectorPDASSprintTVerizonVZwirelessFri, 18 Jan 2008 10:30:00 EST