Search results for Sprint
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Posted
Apr 03 2009, 11:04 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Sprint Nextel (S) shares took a hit Friday after Standard & Poor's cut its outlook on the stock to negative from stable. Sprint customers are fleeing to the warm embrace of AT&T (T) and Verizon (VZ), analysts said.
Even smaller guys like Leap Wireless (LEAP) and MetroPCS (PCS) are picking up subscribers, possibly from Sprint as well. And Sprint has higher customer turnover than many of its rivals. Can't say I'm surprised. I was on the phone with Sprint for a long time this week after getting a $160 bill in the mail. That new plan Sprint said was supposed to take $10 off my monthly bill? It ended up adding $70 instead.
Disney (DIS) also got hit with a downgrade, this one from JPMorgan. Analysts there downgraded the stock to neutral from outperform, Barron's writes. It's the fifth time in six months that an analyst has downgraded Disney on worries that
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Posted
Jun 25 2009, 10:13 AM
by
John Reese
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Largely thanks to its much-anticipated Pre smartphone (pictured), Palm's (PALM) stock has been on fire this year, and shares of the Pre's exclusive carrier, Sprint (S), have also shot through the roof. For the year, Palm is up about 350%, with Sprint up about 150%.
But while Sprint brass described initial Pre sales as excellent, they've come nowhere near the sales figures for Apple's (AAPL) newly released iPhone 3GS. Reviews of the two devices are mixed, and the "which is better" question may well come down to personal taste and preference.
For investors, however, the key question isn't how you feel personally about the iPhone or the Pre, or what the stocks of the companies involved have already done; rather, it is which companies have the better balance sheets and the more attractive stocks moving forward -- Sprint and Palm, or Apple and its exclusive iPhone carrier, AT&T (T)? That's a question I asked of my Validea.com Guru Strategy computer models recently, and they gave me a pretty overwhelming verdict.
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Posted
Jul 21 2009, 03:52 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Wall Street analysts expect Apple’s earnings to do better than estimates. This is not surprising. Apple (AAPL) has a history of setting low expectations about its figures and then beating them handily. It has become a game of chess between the company and experts who follow it.
Some analysts tracking the company go so far as to send people to Apple stores and other retailers to count how products are selling. Others check with companies that supply components to Apple for its products like the iPhone and Mac to gauge demand.
Apple’s results should be pulled down by the same gravity that has hurt the consumer electronics and PC markets. The relentless slowing of the economy has made both individual and business purchasers of computers slow to upgrade their hardware. The Apple iPhone is more expensive than most other handsets. A recession is hardly a good time to overpay for a phone.
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Posted
Jul 30 2009, 01:21 PM
by
Tobin Smith
Rating:
Money Blog: Top Stocks Blog - MSN Money
Certainly a lot of Sprint executives and shareholders hoped the launch of the new Palm (PALM) Pre smartphone in June would give Sprint (S) a revenue boost. As the exclusive wireless carrier for the Pre, Sprint was poised to reap big rewards if the Pre took off big.
Sprint still claims the Pre launch was succesful, but when the company released its earnings for the second quarter yesterday, it was clear the Pre wasn't successful enough to give Sprint the boost it so desperately needs.
Sprint reported a loss of $384 million, or 13 cents per share in the three months ending June 30. That was an even bigger loss than the $344 million it lost in the same quarter of 2008.
A big culprit was a drop in wireless revenues of 9%. Sprint saw 991,000 annual contract-signing customers disappear. In the same quarter, Verizon (VZ) added 1.1 million subscribers and AT&T (T) added 1.4 million
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Posted
Sep 23 2009, 04:06 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Jeff Bezos, the founder and chief executive of Amazon (AMZN), is known for being eccentric, but his new handset offer may be taking that act a bit too far. Cell phones using the AT&T (T) wireless network were selling on Amazon yesterday for one penny each. If the program is a success it is likely to come back.
The only product not available at the remarkable price is the Apple (AAPL) iPhone.
The purchase of the phone must be made with a two-year AT&T wireless subscription. The phones also come with free two-day shipping.
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Posted
Jun 23 2008, 05:41 AM
by
Douglas McIntyre
Rating:
Filed under: Citigroup, Sprint, Wal-Mart, Intel, AMD, AT&T, Starbucks, Target, Sears, IBM, Costco, Sun Microsystems
Money Blog: Top Stocks Blog - MSN Money
With the trading year almost half over and results from the first quarter out, 24/7 Wall Street has created the latest installment of its Ten Worst Managed Companies In America list. This is a companion piece to the "CEO of the Year" list and "Large Companies that May Disappear" series.
This analysis is based on: 1) one-year and five-year stock performance relative to the major indexes and other companies in the industry, 2) the company's position in its industry both now and over the last five years, 3) whether management made identifiable and critical decisions which hurt the company, 4) a change in the company's relative market strength compared to its competition, and 5) whether the company could have identified mistakes and changed course quickly enough to avoid a catastrophe.
Some readers will think it is not fair to include companies which have had a recent
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Posted
May 21 2008, 10:33 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Sprint Nextel has a problem keeping customers happy, according to the latest numbers from the American Customer Satisfaction Index. Sprint's numbers are so bad, in fact, that the index's founder wonders how the company can even stay afloat. "Business is unsustainable in a competitive marketplace when customer satisfaction scores are as low as Sprint Nextel's," said the founder, Claes Fornell. Sprint's satisfaction level dropped 8% from last year to 56 on the 100-point index. Verizon scored the best in the industry, at 72. Commenters on this blog regularly slam AT&T for its service, but the company's cell phone division gained 4% to score a 71. You can see the full customer satisfaction index here.
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Posted
Feb 19 2009, 07:15 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Maybe, just maybe, Sprint (S) is starting to climb out of the mess it's in.
That's what investors were thinking Thursday, sending shares of the company up 28% after a fourth-quarter report that, while still ugly, wasn't nearly the train wreck some expected.
Customers are still dropping Sprint like a hot potato, and about 1.3 million left Sprint's mobile service in the quarter. Sprint's reputation is badly tarnished, and even though the company has improved customer service and network reliability, it now must convince customers (current and potential) that things are better.
"It takes time for perceptions about our customer care and financial stability to catch up to the reality," said CEO Dan Hesse during the earnings call,
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Posted
Feb 12 2008, 06:53 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Firestone. American Motors. Texaco. Pan Am. Worldcom. These large American companies were once at the top of their industries. Pan Am was the leading global airline for decades. All are gone: Some were sold off, others went bankrupt. Who could have predicted it?
There are several iconic U.S. companies that may well not exist at the end of 2008. Some may not even make it halfway through the year. Not all will go out of business. Some may simply be auctioned off in pieces. Others may be bought. These companies will not exist in their current forms as they are known to their shareholders and consumers now.
When a company ceases to exist as an independent entity, it is not necessarily bad for shareholders. Some may be worth more in parts. Often a bust-up or merger is what brings owners the most money. Here are the big ones that probably won't make it. (A more detailed assessment is available at 24/7 Wall St.)
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Posted
Jan 27 2009, 04:06 AM
by
Bernhard Warner and Matthew Yeomans
Rating:
Money Blog: Top Stocks Blog - MSN Money
This post comes from partner site The Big Money.
Another day, another round of layoffs. On Monday, the announcements seemed to go on all day, starting in Europe with Dutch consumer-electronics giant Philips cutting 6,000 jobs, and spreading across the U.S. to the construction, pharmaceutical, telecom, and retail sectors. The New York Times calculates more than 75,000 jobs in the U.S. and around the world were eliminated by corporate bosses yesterday as the global economic outlook goes from bad to worse. The Guardian reckons it was closer to 80,000, making it "one of the bleakest days in recent memory." CNNMoney.com calls it "Bloody Monday," adding that more than 200,000 job cuts have been announced so far this year, and the nearly 2.6 million jobs were lost over 2008 was the highest yearly job-loss total since 1945. The relatively hopeful measures of "furloughs, wage reductions, hiring freezes and shorter hours" are not doing the trick for struggling companies, the New York Times says. As the recession bites harder, there's only one option left: mass layoffs
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