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• The market thinks the bailout is bogus

  Posted Nov 20 2008, 06:41 AM by Douglas McIntyre
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  Filed under: Goldman Sachs, Lehman Bros, JPMorgan, Clearwire, credit crisis
  Money Blog: Top Stocks Blog - MSN Money

  A quick look at bank stocks would indicate that Wall St. is not terribly impressed with the Paulson $700 billion bailout plan. Citigroup, the whipping boy of the group, may be at a multi-year low. But, so is Goldman Sachs, the most sublime of all US financial institutions. Even Jamie Dimon's JP Morgan, arguably the best run bank, has been pulled into the vortex of selling

  The trouble is that investors think that the amount of money being put into the financial system is far too little. If it was adequate, this argument goes, bank stocks would be worth more than Confederate dollars.

  Citi is supposed to lose as much as $2.72 a share in 2009, at least according to the more pessimistic numbers. Banks have underperformed analysts' guesses most of this year. Why should next year be any different? The Wall St. consensus is that Goldman will make $10.73 EPS, which is actually up from where 2008 is being pegged. So, why has its stock dropped from $234 to $55 in less than a year?   Read More...

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• Unhappy with Sprint? You're not alone

  Posted May 21 2008, 10:33 AM by Kim Peterson
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  Filed under: Google, Sprint, wireless, Intel, Verizon, AT&T, Clearwire, VIX
  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.   Read More...

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• Cable companies eyeing nationwide wireless network

  Posted Mar 26 2008, 12:10 PM by Kim Peterson
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  Filed under: Google, Comcast, Time Warner, Sprint, wireless, Intel, Verizon, AT&T, Kim Peterson, Clearwire, VIX
  Money Blog: Top Stocks Blog - MSN Money

  Lots of big numbers are being tossed around today in support of WiMax, a wireless technology that can deliver high-speed Internet access over several miles. Clearwire is a leader in developing WiMax, and has been trying to hammer out a partnership with Sprint for months. But working out a deal hasn't been easy, partly because building out WiMax is so expensive and partly because both companies have their own struggles to deal with.

  Now, the two biggest U.S. cable companies are stepping in with loads of cash. According to the Wall Street Journal, Comcast and Time Warner are talking about funding a new WiMax company, one that would be run by Sprint and Clearwire. The company would operate a nationwide WiMax network. Comcast is reportedly offering $1 billion and Time Warner is adding $500 million. Bright House Networks, a small cable company, might pony up between $100 million and $200 million.   Read More...

  Discuss ( 24 comments) 16,979 Views Digg this | Email this | Link to this