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Sprint Corporation (S)

  • Oct. 4, 2011, 3:44 PM
    Shares of Sprint (S +3.2) finally go back up again (previous) after Apple (AAPL -2.3%) ends the suspense and officially announces a 4S dual-core processor iPhone is available for Sprint customers beginning on Oct. 14.
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  • Oct. 4, 2011, 2:05 PM
    Sprint (S) jumped 5% higher right before the Apple (AAPL -1.1%) event, before losing it all back as a Sprint-Apple deal was not a headliner announcement. Shares now stand down 1% for the day.
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  • Oct. 4, 2011, 11:08 AM
    J.P. Morgan's Philip Kusick isn't buying yesterday's WSJ report about Sprint (S -7%) committing to $20B in iPhone (AAPL) purchases, noting the commitment might represent 37% of Sprint's phone sales over the next 4 years. He's also skeptical about Sprint's reported per-iPhone subsidy of $500, given its Android (GOOG) subsidies are much lower.
  • Oct. 4, 2011, 10:34 AM
    As regulators continue challenging its planned merger with AT&T (T), T-Mobile remains aggressive on the pricing front. The latest proof: a $30/month plan featuring unlimited text and data, along with 100 voice minutes. The plan could allow T-Mobile to snag some low-end customers from T, VZ, and S, but a relatively weak phone lineup could be a handicap.
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  • Oct. 4, 2011, 8:53 AM
    Some of the main iPhone rumors heading into Apple's (AAPL) 1 p.m. ET event: a larger display, an 8MP camera, new voice recognition capabilities, a cheaper prepaid model, a deal with Sprint (S), a thinner/lighter design, a larger, touch-sensitive home button, a 64GB model, an A5 CPU, and a CDMA/GSM "world phone."
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  • Oct. 3, 2011, 5:38 PM
    As Apple (AAPL) gears up to introduce its next iPhone, Janney's Bill Choi estimates the company will ship 87M iPhones in 2011, and 107M in 2012, as new carrier partners such as Sprint (S) and (possibly) China Mobile (CHL) fuel additional growth. At an average selling price of $600, the 2012 estimate would translate into $64.2B in annual iPhone sales.
  • Oct. 3, 2011, 3:04 PM
    More on Sprint's (S) iPhone launch: According to the WSJ, not everyone on Sprint's board agrees with the carrier's "all-in" strategy with the iPhone. One member pointed out the firm would have to double its customers and convert them all to the iPhone just to meet the break-even point in the future. Shares are off 8.6%, after being down close to 3.5% prior to the release of the article.
  • Oct. 3, 2011, 2:56 PM
    The WSJ reports Sprint (S -8.1%) will make a staggering $20B bet on the iPhone (AAPL -1.8%) with a long-term high-volume agreement. According to the report, Sprint doesn't expect to break even until 2014 on the deal and will deeply subsidize each phone sold.
  • 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.
  • 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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Company Description
Sprint Corp is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.