Seeking Alpha

Sprint Corporation (S)

  • Dec. 14, 2011, 3:08 PM
    A recent government report found LightSquared's 4G network interrupted 75% of GPS receivers, boosting existing fears on the matter. LightSquared has responded by accusing a government official of selectively leaking data, while simultaneously offering concessions to placate regulators. Sprint (S) is hoping LightSquared has its way, while the opposite holds for partner Clearwire (CLWR), not to mention T and VZ.
  • Dec. 14, 2011, 2:47 PM
    Sprint (S -2.9%) enters a major multiyear marketing partnership with the NBA that will make it the "Official Wireless Service Partner" of the league. As part of the agreement, the company plans to create what it hopes will be the most engaging custom app for fans to follow their favorite teams including live coverage of games via ESPN's Sprint platform.
    | Comment!
  • Dec. 13, 2011, 9:05 AM
    Premarket gainers: SYNO +51%. YMI +23%. URBN +12%. AMR +12%. MBI +9%. MS 9+5 ARNA +5%. AINV +4%. DMND +3%. CLWR +3%. AEZS +3%. DRYS +3%.
    Losers: IVN -15%. BBY -8%. PSE -5%. IRE -3%.
    | Comment!
  • Dec. 8, 2011, 4:07 PM
    With Sprint (S -4.7%) continuing to pour money (I, II, III)  into Clearwire (CLWR -4%), a company some think it's held hostage by, might it be better off simply acquiring the 4G carrier and its spectrum assets? Gabelli thinks it's possible Sprint will do just that over the long haul, though it maintains a Neutral on Clearwire shares for the time being.
    | Comment!
  • Dec. 8, 2011, 9:02 AM
    Clearwire (CLWR) drops 7% after increasing the size of a recently-announced stock offering: an additional $50M in shares will be sold to the public, and Sprint (S), courtesy of its pro rata preemptive rights, will purchase nearly as much. Moreover, Clearwire is pricing its offering, which now totals almost $700M, at $2/share, below yesterday's close of $2.28.
    | Comment!
  • Dec. 8, 2011, 9:00 AM
    Premarket gainers: PSUN +30%. AFFY +25%. GIII +19%. CEDC +11%. BPAX +6%. CJES +6%. AXL +6%. RDN +4%.
    Losers: WFR -8%. TSLA -8%. CLWR -7%. AMR -4%. AIG -4%. ALU -4%. BBEP -4%. LPL -4%. FRO -4%. NBG -4%. PPC -4%. NOK -4%. XTEX -3%. ARR -3%. EPD -3%. CREE -3%. SLT -3%. ING -3%.
    | Comment!
  • Dec. 7, 2011, 10:36 AM
    RBC cuts its rating on Sprint (S -3.1%) to Sector Perform, with a reduced price target to $3 from $4, writing that the company is entering its “peak cash burn” phase for several quarters with no likely “positive catalyst” during that time. RBC sees "significant uncertainty" around the pace of Network Vision 4G implementation and other planned technologies.
    | Comment!
  • Dec. 7, 2011, 9:00 AM
    Premarket gainers: TLB +72%. MSO +33%. AMR +14%. FSLR +4%. CLWR +3%.
    Losers: ING -8%. VRA -7%. FRO -5%. CTIC -5%. NOK -3%. BBVA -3%. DB -3%. STD -3%.
    | Comment!
  • Dec. 6, 2011, 4:47 PM
    After opening lower on news of a major stock offering, Clearwire (CLWR) rallied, and finished the day up 11.1%; shares have now doubled from their October lows. Helix Investment is pounding the table for Clearwire: it thinks funding concerns are overblown as long as Clearwire can "hold Sprint (S) hostage," and believes a bankruptcy would actually unlock shareholder value, by forcing Clearwire to sell its valuable spectrum.
    | Comment!
  • Dec. 6, 2011, 11:54 AM
    Verizon Wireless (VZ, VOD) once again received the highest rating among nationwide carriers in Consumer Reports' annual customer satisfaction survey. Sprint (S) finished a close second, while AT&T (T) received the lowest marks for yet another year. However, it's added the happiest subscribers tend to be those signed up for prepaid plans, and/or with smaller service providers. (yesterday)
    | 1 Comment
  • Dec. 6, 2011, 9:04 AM
    Sprint (S), which has just finished up bailing out (I, II) Clearwire (CLWR), says it plans to offer its first 4G LTE devices in 2H 2012. Sprint has thus far relied on WiMAX technology rather than LTE to offer 4G services, and that's put the carrier at a disadvantage with regards to the quality of its 4G phone lineup. Verizon Wireless (VZ, VOD) currently offers 16 LTE devices, with the Galaxy Nexus arriving shortly.
    | Comment!
  • Dec. 6, 2011, 9:00 AM
    Premarket gainers: PPHM +30%. FRO +29%. AMR +9%. LNKD +5%. EK +4%.
    Losers: PLX -20%. DRI -8%. CLWR -6%. NS -5%. MTL -5%. EXAS -5%. ALU -5%.
    | Comment!
  • Dec. 5, 2011, 5:09 PM
    Clearwire (CLWR) drops 6.2% AH after announcing plans to issue $300M in Class A shares, to help finance its 4G network build. The carrier adds Sprint (S) is exercising its preemptive rights related to the offering, which it will use by purchasing Class B shares. Clearwire shares took off last week on news of a new funding agreement with Sprint.
    | Comment!
  • Dec. 5, 2011, 9:10 AM
    Premarket gainers: SFSF +51%. AFFY +27%. TLEO +16%. FRO +15%. AGO +13%. LYG +13%. ING +7%. STD +5%. IL +5%. RDN +4%. RIG +4%. IRE +4%. CMVT +4%. MT +4%. CPST +3%. BAC +4%. BCS +4%. JEF +4%. CS +4%. CLF +4%. MS +3%. RTK +3%. RF +3%. AKS +3%. C +3%. SD +3%. X +3%. CRM +3%. S +3%. AMR +3%. VE +3%. JPM +3%. PHG +3%. MGM +3%. SINA +3%.
    Losers: REGN -8%. FSIN -6%.
    | Comment!
  • Dec. 2, 2011, 4:39 PM
    Sprint (S -3.7%) and Clearwire (CLWR +5.4%) head in opposite directions following Verizon (VZ), Comcast (CMCSA), and Time Warner's (TWC) big spectrum/reseller deal (I, II, III). Though nominally bad for both firms, the deal's implications for the value of Clearwire's spectrum is giving it a lift. SR Capital believes Verizon's purchase price translates into an enterprise value of $31/share for Clearwire's spectrum.
    | Comment!
  • Dec. 2, 2011, 1:15 PM
    "A complete reordering of the competitive universe as we know it," writes Bernstein's Craig Moffett of the Verizon (VZ) deal to purchase Spectrum. The joint marketing effort between the cable companies (CMCSA, TWX) and Verizon "amounts to a partnership between formerly mortal enemies ... a strategic masterstroke for Verizon." The best deal in town is about to be a bundle of Comcast's broadband, voice, and video combined with Verizon mobile.
    | Comment!
Visit Seeking Alpha's
S vs. ETF Alternatives
Company Description
Sprint Corp is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.