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AT&T Inc. (T)

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  • Mar. 11, 2013, 10:05 AM
    AT&T (T) will sell the BlackBerry Z10 (BBRY +5.2%) for $200 with a 2-year contract, starting on March 22. AT&T will also sell BES 10 to enterprise accounts. The announcement seems to be giving a lift to heavily-shorted BlackBerry - Bloomberg reported of a March 22 Z10 launch date last week. (PR)
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  • Feb. 20, 2013, 11:14 AM
    Leap Wireless (LEAP -7.7%) falls after missing Q4 revenue estimates and reporting a 337K subscriber net loss - that's worse than 269K net loss reported for Q3, and evidence of further share losses. Churn was 4.6%, down from Q3's 4.8% but up from 3.9% a year ago, and cost per gross add rose 17% Q/Q and 53% Y/Y to $363. ARPU rose slightly to $42.74, a 4G roaming deal has been signed with an unnamed carrier, and a dispute with Sprint (S) over a wholesale deal has been settled. Shares have been range-bound since last summer. CC underway (webcast). (PR)
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  • Feb. 14, 2013, 11:52 AM
    Leap Wireless (LEAP +3.5%) jumps to $6.44 after catching an upgrade to Outperform from Wells Fargo, which now thinks the company is worth $10-$15/share. Worth to a potential suitor, that is: Leap has been bought and sold based on its M&A prospects for months. 42.4% of the float was shorted as of Jan. 31.
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  • Feb. 1, 2013, 11:39 AM
    Leap Wireless (LEAP +4.3%) spikes to $6.01 on an upgrade to Strong Buy from JANCO Partners, which argues shares have declined even as nothing has happened to make the firm change its $7.50 PT. Like others, JANCO sees the struggling prepaid carrier as an attractive M&A target thanks to its spectrum, and believes recent spectrum deals (I, II) bode well for Leap's buyout price. Q4 results are due on Feb. 20. (Jefferies downgrade)
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  • Jan. 17, 2013, 12:53 PM
    Midday top 10 gainers: NEWL +55%. KSWS +48%. SSE +44%. HMNY +21%. CALI +25%. GV +18%. FSI +14%. SHIP +14%. HILL +13%. NLS +13%.
    Midday top 10 Losers: HOTR -17%. AMS -13%. PWER -8%. MY -8%. FET -7%. SZYM -8%. CLSN -8%. LEAP -7%. FOLD -7%. MELA -7%.
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  • Jan. 17, 2013, 11:52 AM
    Leap Wireless (LEAP -6.2%) slumps on a downgrade to Underperform from Jefferies, which notes business trends are weak and say it doesn't view the carrier's spectrum (which has made it the subject of non-stop M&A speculation) a "must-have" asset. Moreover, even if there is interest in Leap's spectrum, Jefferies doesn't activity picking up until 2H (i.e. a point where T-Mobile/MetroPCS and Sprint/SoftBank/Clearwire will have likely closed).
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  • Jan. 10, 2013, 5:27 PM
    It's time for another dose of Leap Wireless (LEAP +9.7%) M&A speculation. Shares rallied over the course of the day after Guggenheim's Shing Yin argued there's a 70% chance MetroPCS (PCS) will make a bid after finishing its merger with T-Mobile USA. Six weeks ago, Yin claimed Sprint might make a bid for MetroPCS within four weeks. Leap, which had a whopping 61.5% of its float shorted on Dec. 14, reportedly held talks at one point about a 3-way deal with MetroPCS and T-Mobile.
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  • Jan. 9, 2013, 10:45 AM
    "It's hard for me to imagine that what Dish wants is Clearwire ... It could be a chess move to get a partnership with Sprint," opines Bernstein's Craig Moffett. Jefferies and Macquarie also think Dish's (DISH +2.1%) $3.30/share offer for Clearwire (CLWR +7.7%) is an attempt to cut a deal with Sprint (S -1.4%), long named as a potential 4G partner but currently in the midst of selling itself to SoftBank (SFTBF.PK). Macquarie adds a $3.50-$3.75/share Sprint bid might be needed to get Dish and dissident shareholders to back down. PCS +1.8%. LEAP +0.9%.
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  • Jan. 8, 2013, 1:35 PM
    Verizon (VZ -3%), MetroPCS (PCS -2.8%), and Leap Wireless (LEAP -3.2%) are selling off after AT&T announced it sold 10M+ smartphones in Q4. Verizon ticked higher yesterday after announcing it had 2.1M net wireless subscriber adds in Q4.
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  • Jan. 8, 2013, 12:12 PM
    AT&T (T -2.5%) remains negative after reporting it sold 10M+ smartphones in Q4. One concern: smartphone subsidies will depress AT&T's Q4 margin, and since much of Ma Bell's base already owns a smartphone, the service revenue benefit might not be huge. Apple (AAPL +0.1%) has given up its early gains. With research firms having reported the iPhone is doing very well in the U.S relative to Europe/China, sales concerns mostly revolve around international markets. Meanwhile, Tim Cook is paying another visit to China - is he there to nail down an elusive China Mobile deal?
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  • Dec. 11, 2012, 11:05 AM
    Apple (AAPL +3.1%) has bounced to $546 with the help of positive analyst commentary. While Morgan Stanley talks up potential iTV interest, JPMorgan is raising its forecast for Q4 AT&T (T) iPhone activations to 8M from 7M. Also, ISI's Brian Marshall is expecting a strong Chinese iPhone 5 launch - China Unicom (CHU) just announced its pre-orders have topped 300K. (Apple Monitor)
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  • Dec. 6, 2012, 9:27 AM
    Akamai (AKAM) +6.8% after announcing a long-rumored CDN reseller deal with AT&T (T). The companies say they'll offer "an exclusive suite of global CDN and telecom solutions" that rely on Akamai servers deployed on AT&T's network, and which will be jointly managed. Dan Rayburn reported in August Akamai was willing to guarantee AT&T $100M or more in sales, far more than Limelight (LLNW) was offering. The deal is a coup for Akamai, especially since many carriers are looking to offer home-grown CDNs. (PR)
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  • Dec. 4, 2012, 9:21 AM
    MetroPCS (PCS) -7.2% after 3 sources tell Reuters Sprint (S) is unlikely to make an offer for the discount carrier in the near-term, out of concern it would complicate the regulatory review of the SoftBank (SFTBF.PK) deal. Sprint could revisit a MetroPCS bid after the SoftBank deal closes, but with the T-Mobile/MetroPCS deal expected to close somewhere in 1H13, and Sprint and SoftBank shooting for a mid-2013 close, Sprint might not have much time. LEAP -1.6%. (previous)
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  • Nov. 30, 2012, 1:00 PM
    MetroPCS (PCS +3%), Leap Wireless (LEAP +4.3%), and Clearwire (CLWR +8.1%) are higher after a Guggenheim Securities analyst writes Sprint (S -0.6%) could make a $12-$13/share bid for MetroPCS in the next 4 weeks. Speculation debt-laden Sprint will try to grab MetroPCS from T-Mobile has been around for a while, aided by the fact SoftBank's (SFTBF.PK) CEO has said he won't rule out an offer. Also: Chat on the Street has passed on a (somewhat questionable) rumor Carlos Slim is talking with Clearwire.
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  • Nov. 19, 2012, 11:48 AM
    Leap Wireless (LEAP +3.7%) outperforms following news Dish Network (DISH -2.1%) offered $11/share for MetroPCS (PCS +1.2%) before the latter decided to merge with T-Mobile USA. With MetroPCS off the table in the absence of a higher bid, Dish could conceivably turn to Leap to further its 4G ambitions. Dish is underperforming: aside from the MetroPCS disclosure, investors may be bothered by the WSJ's claim that FCC officials are "leaning" toward limiting the use of Dish's 4G spectrum out of interference concerns. (Dish/Google)
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  • Nov. 9, 2012, 1:02 PM
    Leap Wireless (LEAP +6%) is rallying for the second day in a row thanks to new speculation a spectrum deal or full-blown sale will happen. Sprint's (S) cancellation of a conference presentation, together with Leap's Wednesday earnings call remarks regarding its willingness to sell excess spectrum, are the triggers this time around. Nomura suggests investors stay cautious, noting the $2.8B value assigned by Leap to its spectrum is barely above its $2.6B net debt position. Leap filed its Q3 10-Q this morning.
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Company Description
AT&T Inc, through its subsidiaries and affiliates, provides wireless and wireline telecommunications services in the United States and internationally. The Company has three reportable segments: Wireless, Wireline, and Other.