telecommunications

Closing Bell: Dusting off the Europe-effect (AIG, BP, IEP, JSDA, PT, PANL)

Posted on June 01st, 2010 in featured, icahn enterprises, India Shares, jones soda, telecommunications, univeral display corp, UniveralDisplayCorp

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This was one of those days that left many confused, even if the real red or black status of the day was not clear until toward the end of the day. Construction spending rose in the U.S. and the poor Chicago purchasing managers data from last week did not translate to a drop in manufacturing via this morning’s ISM manufacturing data. A recovery in European shares also helped the fold here.

Here were today’s unofficial closing bell levels:

Dow 10,024.02 -112.61 (-1.11%)
S&P 500 1,070.71 -18.70 (-1.72%)
Nasdaq 2,222.33 -34.71 (-1.54%)

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Continue reading Closing Bell: Dusting off the Europe-effect (AIG, BP, IEP, JSDA, PT, PANL)

Closing Bell: Dusting off the Europe-effect (AIG, BP, IEP, JSDA, PT, PANL) originally appeared on BloggingStocks on Tue, 01 Jun 2010 16:00:00 EST. Please see our terms for use of feeds.

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Jones Soda – BloggingStocks – United States – JSDA – American International Group

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Sprint Nextel Upgraded to Buy

Posted on May 24th, 2010 in cell phones, cellular phones, India Shares, inthenews, Nextel, Sprint, Telecom, telecommunications

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Goldman Sachs (GS) was quite the busy brokerage this morning, as it trekked through the financial sector and also issued a number of other upgrades, including one for Sprint Nextel (S).

The brokerage upped Sprint to buy from neutral, issuing a $6 price target, a nice elevation from the previous target of $3.50. Goldman noted that the reason for the upgrade is churn, and that the company is “about to move the needle.” Goldman stated, “Sprint’s gross add/upgrade activity slowed sharply in 2008, which ironically should benefit the company over the course of 2010 as the logical pool of churn subscribers is reduced.” The upgrade comes basically from a glorified hunch.

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Sprint Nextel Upgraded to Buy originally appeared on BloggingStocks on Mon, 24 May 2010 12:30:00 EST. Please see our terms for use of feeds.

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Sprint Nextel First-Quarter Net Loss Widens

Posted on April 28th, 2010 in India Shares, inthenews, Nextel, Sprint, Telecom, telecom stocks, telecommunications

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Sprint Nextel (S) reported Wednesday that its first-quarter net loss increased due to 1.5% lower revenue. The telecom giant’s loss checked in at 29 cents per share, 8 cents wider than last year’s same-quarter loss. Removing charges stemming from an increased valuation allowance for deferred tax assets from the equation, Sprint lost 17 cents per share. The post-charge loss matched the consensus estimate.

Sprint’s revenue totaled $8.09 billion, better than the expected revenue of $8.05 billion. Sprint added that it lost 75,000 net subscribers during the quarter. But when the company compared the results to a year ago, the telecom firm’s improvement in post-paid gross subscriber additions and prepaid gross subscriber additions were the highest in five years.

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Sprint Nextel First-Quarter Net Loss Widens originally appeared on BloggingStocks on Wed, 28 Apr 2010 10:00:00 EST. Please see our terms for use of feeds.

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Communication Firms Take On the FCC

Posted on March 25th, 2010 in communications, FCC, Federal Communications Commission, India Shares, Internet, inthenews, Telecom, telecommunications

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Verizon Wireless (VZ) on Wednesday asked the Federal Communications Commission to not “assert its authority over Internet services.” VZ believes that the FCC’s power is ineffective and gave Congress some recommendations that could shift the balance of power away from the FCC. VZ’s top lobbyist, Tom Tauke, asked Congress to reconsider the way the FCC oversees broadband Internet. VZ would like the FCC to become more of an enforcer, much like the Federal Trade Commission.

The FCC is trying to reclassify broadband Internet access as a “common carrier service.” Such classification would allow the government agency to regulate Internet service providers the same way it regulates phone companies. According to The Washington Post, the FCC’s chairman said that the agency will continue to argue its point but may consider reclassification if a federal appeals court finds that the FCC doesn’t have jurisdiction over broadband.

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Communication Firms Take On the FCC originally appeared on BloggingStocks on Thu, 25 Mar 2010 12:00:00 EST. Please see our terms for use of feeds.

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