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Sprint Corporation (S)

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  • Nov. 28, 2011, 9:00 AM
    Premarket gainers: IRE +15%. ING +12%. AEG +11%. PEIX +11%. POZN +11%. DB +10%. MT +9%. BCS +9%. GNW +9%. MPEL +9%. YOKU +9%. ANR +8%. LYG +8%. RBS +8%. NOK +8%. UBS +7%. FRO +7%. AKS +7%. MTL +7%. STD +7%. FCX +7%. DRYS +6%. ERIC +6%. MS +6%. LNG +6%. RIO +6%. AMRN +6%. BHP +6%. PHG +6%. S +6%. HAL +6%. ALU +6%. X +6%.
    Losers: no losers of note, except leveraged short ETFs: TVIX -13%. EDZ -12%. ERY -10%. SRTY -10%. TZA -10%. FAZ -10%. SPXU -8%. BGZ -8%. SQQQ -7%. ZSL -7%. VXX -7%. SCO -6%. SKF -6%. SDS -5%. QID -5%. DXD -4%. RWM -3%. SH -3%.
    | 1 Comment
  • Nov. 25, 2011, 1:01 PM
    Shares of high beta/high debt mobile wireless stocks are taking a hit today: Sprint Nextel Corporation (S -4%), Leap Wireless (LEAP -3.2%) and Clearwire (CLWR -0.3%).
    | 2 Comments
  • Nov. 23, 2011, 10:41 AM
    HTC (HTCCF.PK), which has seen extraordinary growth on the back of Android's (GOOG) success, is slashing its Q4 sales outlook by a full 17-23%, citing macro issues and strong competition. Likely culprits on the competition front include Samsung's Galaxy S II line and Apple's (AAPL) iPhone 4S - the latter's debut on big HTC customer Sprint's (S) network could especially be an issue.
    | 1 Comment
  • Nov. 21, 2011, 11:30 AM
    Clearwire (CLWR +8.8%) pops on reports that it's in discussions with restructuring advisers, as the money-losing wireless carrier wrestles with a large debt payment coming due December 1st.
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  • Nov. 21, 2011, 9:00 AM
    Premarket gainers: GEDU +96%. VRUS +86%. INHX +30%. CLDX +8%. CTIC +6%. CLWR +6%. DNDN +6%. CBE +5%.
    Losers: GERN -7%. KYG -6%. GILD -6%. RIO -5%. FRO -5%. RDN -4%. LNKD -4%. MT -4%. AIXG -3%. INVN -3%. GMCR -3%. CIM -3%. RIMM -3%. ANR -3%. BCS -3%. JEF -3%. AKS -3%. MPEL -3%. MU -3%. RMBS -3%. BHP -3%. DB -3%. TM -3%. NOK -3%. IHG -3%. BIDU -3%. PCX -3%. VALE -3%.
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  • Nov. 18, 2011, 2:27 PM
    Clearwire (CLWR -20.4%) is considering whether to skip a $237M debt payment due Dec. 1, WSJ reports. With $698M in cash and short-term investments as of Sept. 30, Clearwire can afford to pay, but the company needs to raise lots of money if it is to stay in business after the next 12 months, so it's debating the unusual step of failing to make a payment. S -3.9%.
    | 1 Comment
  • Nov. 14, 2011, 1:45 PM
    Sprint (S -1.1%) reduces its prices for WiMax broadband customers to better position itself against rivals before the holiday shopping season kicks up in earnest. The company will now charge $50 per month for 6 GB of data, compared to its previous offer of $60 a month for 5 GB.
    | 1 Comment
  • Nov. 11, 2011, 7:33 PM
    If you want to take advantage of the January effect - where prices of the year's biggest losers tend to rise more in January - do it now, says the Arora Report's Nigam Arora. The strategy originally called for buying depressed stocks in the last week of December, but now that the phenomenon has become so well known, Agora says the time to buy is now in November. Some of his picks: Penson Worldwide (PNSN), Illumina (ILMN), Clearwire (CLWR) and Goldman Sachs (GS)
    | 7 Comments
  • Nov. 10, 2011, 11:11 AM
    China Telecom (CHA) says it will begin selling wireless service in the U.S. early next year, with the goal of targeting Chinese-Americans, students, and those who travel often between the U.S. and China. Given that China Telecom runs an EV-DO 3G network, it might strike a partnership with Sprint (S) or Verizon Wireless (VZ, VOD), both of whom also rely on EV-DO.
    | 2 Comments
  • Nov. 10, 2011, 9:00 AM
    Premarket gainers: FRO +16%. XIN +12%. FTK +9%. CSCO +7%. NBG +7%. ING +7%. CX +6%. DB +5%. BCS +5%. SI +4%. PCX +4%. MS +4%. CS +4%. S +3%. STD +3%. LYG +3%. ANR +3%. C +3%. MU +3%. NVDA +3%. S +3%. BHP +3%. VALE +3%. NOK +3%. ARMH +3%. BAC +3%. UBS +3%. FTE +3%. PBR +3%. TOT +3%. ITUB +3%. UBS +3%. TEF +3%. TS +3%. RF +3%. HAL +3%. DANG +3%. X +3%. AKS +3%. CHK +3%.
    Losers: GMCR -30%. KLIC -7%.
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  • Nov. 8, 2011, 1:12 PM
    Though he maintains a sizable position in the company, Sprint (S -1.6%) is also on the list of firms (I, II) receiving negative comments from David Einhorn. Einhorn is critical of the way Sprint handled its iPhone launch, and is also upset about its investor day fiasco. "We wouldn’t be surprised if shareholders begin to agitate for significant strategic change," he adds.
    | 1 Comment
  • Nov. 7, 2011, 10:39 AM
    Sprint (S), which is opposing AT&T’s (T) proposed takeover of T-Mobile USA (DTEGY.PK), has been ordered to turn over documents concerning whether its iPhone (AAPL) sales have had any impact on Sprint’s relevant market share. AT&T is interested if Sprint has any plans for a “business combination” with T-Mobile if the AT&T transaction is blocked.
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  • Nov. 7, 2011, 8:12 AM
    Sprint (S) drops 2.4% after announcing pricing for $4B in debt it might use for its own 4G LTE buildout, as well as for the "potential funding of Clearwire (CLWR)." Sprint will issue $3B in notes due 2018 at a yield of 9%, and $1B in notes due 2021 at a yield of 11.5%. On Friday, Fitch rated the 2018 notes at BB, and the 2021 notes at B+. CLWR +2.7%.
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  • Nov. 4, 2011, 11:48 AM
    Clearwire (CLWR +12.1%) shares rocket higher after Sprint (S +2.5%) says it may use proceeds from an offering of seven- and 10-year notes to help finance its unprofitable partner. Sprint also says it could use proceeds to pay back existing debt or fund its network upgrade, but the company has previously refused even to discuss whether it would help Clearwire.
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  • Nov. 3, 2011, 2:31 PM
    Clearwire (CLWR -13.5%) is now off sharply following its Q3 report (I, II), as a subscriber guidance hike is offset by the retracting of a prior forecast to deliver positive EBITDA in Q1. Management's failure to provide assurances during its CC about receiving the funding needed to build a 4G LTE network for Sprint (S +4.4%) could also be an issue.
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  • Nov. 3, 2011, 11:23 AM
    Sierra Wireless (SWIR -11.8%) dips after its Q3 revenue misses  estimates. Profits dropped 15% Y/Y, driven by the loss of revenue from Barnes & Noble (BKS -4%) and Clearwire (CLWR -10%). Not surprisingly, the company also lowers guidance for FY11, now expecting revenue of between $145M - $150M, below Street estimates for $166M. Separately, Morgan Keegan, Raymond James and RBC all downgrade the shares on the results.
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Company Description
Sprint Corp is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.