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Sprint Corporation (S)

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  • Oct. 3, 2011, 1:46 PM
    Macquarie's Kevin Smithen is cutting his PTs on wireless carriers Sprint (S -5%), Leap Wireless (LEAP -10.3%), and MetroPCS (PCS -6.2%), as well as rural wireline carrier Frontier (FTR -6.7%), on a belief that the recent breakdown in the high-yield debt market will both produce higher borrowing costs and hurt equity values.
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  • Sep. 29, 2011, 11:27 AM
    Cale Smith thinks most insider buying is meaningless, but he sees much in common between Clearwire CEO John Stanton's August purchase of $5M in CLWR shares and two previous insider-buying home runs. Smith pegs CLWR’s true spectrum value at $0.41, which he says would mean shares may be worth $16 each, and he thinks Stanton also sees it that way.
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  • Sep. 27, 2011, 1:12 PM
    CNET reports Sprint (S) will launch its own 4G LTE network early next year, sooner than many expected. Sprint announced an LTE partnership with LightSquared in July, a move that sent shares of current 4G partner Clearwire (CLWR) tumbling. Embracing LTE will allow Sprint to offer a greater variety of 4G phones, but concerns exist about buildout costs. (also)
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  • Sep. 27, 2011, 12:43 PM
    Sprint (S +2.9%) announces an Oct 2 launch for Sprint Direct Connect, a push-to-talk service replete with broadband, added features, rugged handsets, and an expanded coverage map due in early 2012. Still waiting in the wings is official word from Sprint of an iPhone launch (previous).
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  • Sep. 23, 2011, 3:42 PM
    CEO Joseph Clayton says Dish Network (DISH +6%) may consider partnering with or buying a wireless carrier such as Sprint (S +7.3%) or Clearwire (CLWR -1.2%) to utilize spectrum it acquired in deals earlier this year. "There are several missing pieces. Wireless infrastructure, additional technology capabilities and even distribution are pieces that we’re still working on." (also)
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  • Sep. 22, 2011, 1:26 PM
    Clearwire (CLWR -3%) resumes trading after the stock was briefly halted over reports it was in talks with AT&T (T) and Verizon Wireless (VZ, VOD) about 4G LTE network use. Just yesterday, Clearwire's CFO had commented that the company would consider selling some spectrum if the right opportunity presented itself.
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  • Sep. 21, 2011, 4:46 PM
    While the DOJ and Sprint (S) oppose the AT&T/T-Mobile (T) merger, Verizon (VZ), which could benefit from the removal of T-Mobile as a low-cost competitor, continues to give the deal its tacit support. CEO Lowell McAdam demonstrates this support again today by claiming the merger "had to occur" due to spectrum shortages.
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  • Sep. 21, 2011, 10:19 AM
    Shares of Sprint (S +3.3%) move higher as the company tweaks some of its policies in advance of a rumored iPhone offering (4 or 5?). The carrier will shorten its return policy to 14 days from 40 days and discontinue its Premier Program, as it looks to monetize the built-in loyalty of iPhone owners.
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  • Sep. 21, 2011, 8:41 AM
    Though their voice-related profits are under pressure, text messaging is still a major cash cow for carriers such as VZ, T, and S. A Pew Internet survey estimates U.S. adults sent an average of 41.5 texts/day as of this spring, up from 39.1 in the year-ago period. 18-24 year-olds were by far the most prolific users, averaging 109.5 texts/day. (.pdf)
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  • Sep. 19, 2011, 5:36 PM
    Google Wallet is officially launched, as Sprint (S) announces it's offering the wireless payments service via Samsung's Nexus S 4G phone. The first participating retailers include American Eagle, Macy's, and Subway. If Google (GOOG) can turn its early lead in NFC payments into long-term dominance, the payoff could be huge. But competition abounds.
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  • Sep. 19, 2011, 9:34 AM
    Verizon Wireless (VZ, VOD) has caused an uproar by declaring plans to throttle 3G connection speeds for heavy data users still on unlimited plans. This move could be marginally positive for Sprint (S), which has targeted data-hungry smartphone users by continuing to offer unlimited plans, and reportedly will soon offer the iPhone (AAPL).
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  • Sep. 19, 2011, 6:46 AM
    AT&T (T) is trying to get rivals including MetroPCS (PCS) and Leap Wireless (LEAP) to sell spectrum and subscribers to rivals like Sprint (S) in the hopes of rescuing its $39B takeover of T-Mobile (DTEGF.PK) from the clutches of a DOJ anti-competition lawsuit. A botched deal would cost AT&T $3B-plus-perks.
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  • Sep. 16, 2011, 11:08 AM
    Sprint's (S -1.1%) CEO doesn't quite confirm the iPhone (AAPL +1.4%) rumors, but says at a conference that the carrier is preparing for an influx of demand should it get a new smartphone. All the internal excitement at Sprint didn't quite prevent UBS from cutting EPS estimates and maintaining a Neutral rating on shares.
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  • Sep. 14, 2011, 2:37 PM
    Clearwire (CLWR +8.6%) shares take off after the struggling carrier announces a partnership with China Mobile (CHL) for developing hardware supporting TD-LTE 4G technology. TD-LTE offers higher potential download capacity than the FDD-LTE tech supported by VZ and T, and can also be deployed in cheaper spectrum.
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  • Sep. 9, 2011, 5:11 PM
    A leaked internal memo from Sprint (S) management seems to point to an iPhone 5 (AAPL) launch between Sept. 30th and Oct. 15th - after employees are directed not to take those days off. Of course, the leak may serve another purpose as well...it might keep potential buyers from locking in a contract with another carrier.
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  • Sep. 9, 2011, 11:15 AM
    Sources indicate Sprint (S +0.6%) plans to offer the iPhone 5 (AAPL +0.1%) with unlimited data - a real draw to users looking to stream music, TV and movies. The move could be a difference-maker, says an analyst at Bank of Montreal. "Consumers will pay a premium for unlimited."
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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.