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Sprint Corporation (S)

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  • Oct. 7, 2011, 3:56 PM
    BTIG's Walter Piecyk provides a brutal recap of Sprint's (S -19.6%) investor day, the news from which (I, I, III) has crushed Sprint shares. Among other things, Piecyk claims CFO Joe Euteneuer was "laughed at" for his failure to provide details about Sprint's costly 4G plans. Tero Kuittinen thinks Sprint's moves are "just awesome for Verizon (VZ)."
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  • Oct. 7, 2011, 1:45 PM
    Sprint (S -10%) continues heading lower after its CFO says the carrier's 4G LTE rollout will cost $10B over the next two years - far more than the $4B-$5B speculated by some analysts. Meanwhile, jilted partner Clearwire (CLWR -31.4%) is claiming Sprint is still dependent on it to deploy LTE, given its lack of spectrum. (previously)
  • Oct. 7, 2011, 12:06 PM
    Sprint (S -7.6%) has given back its early gains and then some, after the company says it needs more money to finance its 4G buildout.
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  • Oct. 7, 2011, 10:43 AM
    Clearwire (CLWR -19.5%) shares tumble after Sprint (S +8.3%) says it will stop selling phones and other devices compatible with CLWR's network at the end of next year. Sprint's president of network operations says the company is already building its own 4G data network and will inaugurate it next summer.
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  • Oct. 6, 2011, 1:17 PM
    Stifel's Tom Roderick claims the role of Synchronoss' (SNCR) software in handling iPhone (AAPL) activations for U.S. carriers is "quietly expanding," making the company well-positioned to benefit from iPhone 4S demand. Synchronoss' products fully handle the iPhone activation process for T, and partly handle it for VZ and S.
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  • Oct. 6, 2011, 9:19 AM
    Sprint (S) gains 2.1% premarket after the company makes its official iPhone (AAPL) announcement. As expected, Sprint will offer the iPhone 4 and 4S at subsidized prices matching those of VZ and T, but unlike those carriers, will sell unlimited data plans for the phones.
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  • Oct. 5, 2011, 2:09 PM
    The iPhone (AAPL) may prove costly for Sprint (S), but its customer base will be happy to see it. A survey from research firm Compete found 12.5% of Sprint (S) feature phone users are waiting for a "specific smartphone," with the iPhone being the device in question for the vast majority. Compete thinks this demand could translate into 2M iPhone purchases.
  • Oct. 5, 2011, 11:18 AM
    Some analysts continue to have doubts about just how profitable the iPhone (AAPL) will be for Sprint (S), given subsidy costs and a report of massive purchase commitments. Barclays thinks iPhone subsidies could slash Sprint's operating margin by more than 40%, while UBS believes a decline of 30-40% is possible. (previously)
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  • Oct. 4, 2011, 5:20 PM
    AMR and Eastman Kodak (EK) may dominate the news, but GMI points out at least 11 more big U.S.-listed names that could go bankrupt: CLWR, SPF, DYN, CYH, BKS, QUAD, DIN, CLGX, SHAW, SPWRA, VQ.
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  • 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.
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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.