Sprint will launch a new, faster LTE service, says Dan Hesse, Sprint CEO. He also weighs in on earnings, growth and industry consolidation.» Read More
Virgin Mobile USA, a venture of Sprint Nextel and Richard Branson's Virgin Group, raised $412.5 million on Wednesday, with an initial public offering that priced at the low end of expectations.
Stocks ended higher after minutes from the Federal Reserve 's last meeting encouraged investors hoping for further rate cuts. "I don't think there is any question it's a good thing for stocks, it just reinforces the view from the investor's perspective that the Fed's there to save the day if necessary," said Michael Chren, portfolio manager at Allegiant Asset Management.
Sprint Nextel shares fell almost 4 percent Tuesday a day after the No. 3 U.S. mobile-phone service warned it would not meet 2007 financial targets and said its chief executive had stepped down.
Facing rising pressure from investors, wireless carrier Sprint Nextel said its chairman and chief executive will leave the company immediately and that 2007 earnings and revenue are likely to be below previous forecasts.
In the search for overlooked IPOs, Cramer said he might have found one of the best high-growth, high-momentum stocks of the coming year.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Activist investor Ralph Whitworth is stepping up pressure on Sprint Nextel's chief executive, Gary Forsee, and other directors of the wireless carrier, the Wall Street Journal reported on its Web site, citing an interview with Whitworth.
There's no question, text messaging isn't just increasingly popular, it's increasingly useful to everyone from Universities (St. John's University used texting to alert the campus of an armed student) to city governments (NYC officials announced they'll begin testing "rapid-alert" programs, sending texts to New Yorkers cell phones).
Palm introduced its smallest smartphone on Thursday, making its first push into the low end of the mobile market in a bid to revive growth prospects and offer a cheaper alternative to Apple's iPhone.
A U.S. federal court jury found that Vonage infringed on six Sprint Nextel patents, according to Sprint spokesman Matt Sullivan.
Virgin Mobile USA -- a venture of Sprint Nextel and billionaire Richard Branson's Virgin -- on Tuesday filed for an initial public offering worth up to $467.5 million, earmarked for repaying debts and general purposes. Virgin, which sells mobile services to young people who pay for phone calls in advance, expects to price 27.5 million Class A common shares at $15 to $17 per share.
Nokia said on Monday it is buying U.S. cellphone screen advertising firm Enpocket as the world's top handset maker pushes into a market which is seen ballooning in coming years.
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Analysts welcomed a federal judge's ruling to halt an import ban on mobile phones using chips from Qualcomm, which sent shares of the wireless technology company higher Thursday.
NTP, which won a $612.5 million settlement from the maker of BlackBerry last year, has sued four of the top U.S. mobile service providers for infringing eight patents related to wireless e-mail.
On the day the NFL season kicks off, we're running two stories on marketing of Reggie Bush & Peyton Manning. The New Orleans Saints running back will appear in 12 national spots (including promotional, non-paid commercials) this year, while the Colts' Manning will be doing his thing again--you'll see a series of fun spots coming out from the likes of Sprint and MasterCard today.
Sprint Nextel stands to lose a $2 billion investment in a new phone feature if a court bars Qualcomm from making the necessary chips, Qualcomm executives told the court on Thursday.
Qualcomm, hoping to rebound from a string of legal setbacks, urged a federal judge Tuesday to reject a competitor's request to stop it from selling cell phone chips that infringe on patents.
With Europe's economy humming along while ours looks like it could be stalling, it's crucial to get some foreign exposure in your portfolio, Cramer said. How about the world's second-largest wireless company?Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
U.S. stocks powered to a sharply higher close in a volatile final hour of trading after the markets were roiled by rumors and comments from President Bush. "The rollercoaster ride is not over yet," said Stuart Schweitzer at JP Morgan Private Bank. "I think we're in the fourth inning on subprime and credit-related issues, but this economy is resilient."
Homebuilding stocks continue to rebound from 52-week lows carved out last week while tech investors were encouraged by a number of favorable earnings reports and brightening sentiment.