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Sprint Nextel's profit fell 77 percent in the third quarter as it lost more subscribers, and it warned of continued weakness in the fourth quarter, sending shares down 5 percent Thursday.
Cramer expects this fiber-optic company to be glowing on the heels of an expected FCC ruling.
Tomorrow's going to be a big day for the telecom and cable industries. The FCC is expected to strike down exclusive contracts between cable TV providers and apartment building owners. This will end the practice that kept competitors from offering their services to residents.
Cramer makes the call on viewers' favorite stocks.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.
Verizon Communications said on Monday its quarterly revenue rose due to strong wireless subscriber growth, although profit fell after merger-related costs and other items.
This is a big couple of days for Apple; as if the company's blockbuster earnings at the beginning of the week wasn't big enough news on its own. Friday will bring the official release of the company's highly anticipated, and delayed operating system "Leopard."
Stocks ended broadly higher amid continued strength in the tech sector, which gained following Research in Motion's deal to distribute BlackBerry smartphones in China, along with strong earnings reported by Apple.
Tech is the bright spot today and could be a big market driver. That Nasdaq is particularly strong after its 1% gain yesterday. Major stock markets in Europe are all higher, after Asian markets closed with gains. The Dow and S&P 500 had just slight gains yesterday of just above 0.3% each.
Top U.S. phone company AT&T Tuesday said its profit and revenue rose, helped by strong growth in its wireless business and its acquisition of BellSouth.
As I reported last week, tech was the bright lure in an otherwise fishy market. Well, we saw just how stinky that market could become Friday when not even tech brought buyers in the door. But those buyers were the first ones back in on Monday, and Apple promises to keep the tech fire burning. It reported a 67% jump in fiscal fourth quarter profits earnings to $904 million or $1.01 per share, well above expectations. Apple shares were sharply higher after hours.
Today AT&T unveiled Napster Mobile to allow AT&T wireless users to browse, sample, and buy music from Napster's 5 million song library, all directly on their cell phones, starting in mid November. A key announcement ahead of AT&T's earnings Tuesday morning at 10 eastern.
AT&T is making Napster's entire music catalog of more than five million songs available for wireless download starting early next month.
U.S. stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in earnings due this week and the other on the threat surging oil prices.
The mobile carriers are all chasing the next leg of growth--data services: texting, downloading music, watching videos--everything but making phone calls. And today AT&T is introducing a new way to grow this business--MyMedia Net--an easier way to surf the internet from your cell phone.
As Yahoo approaches the end of a 100-day strategic review, financial analysts want drastic action or even a sale of the company, although many are bracing for business as usual.
AT&T Inc. said Thursday that the head of its wireless unit, Stan Sigman, was retiring, and it appointed Ralph de la Vega as his successor.
AT&T, the biggest US mobile service, said Tuesday that it would buy the wireless airwave licenses of privately held Aloha Partners for about $2.5 billion.
Apple shares continue to take off, thanks to news nuggets here and there about the better-than-expected iPhone sales success. In fact, shares are so high that rumblings of an impending stock split are coming back, even though CEO Steve Jobs was pretty clear at his shareholders meeting earlier this year, offering up props to the Google no-split stock-price strategy (Eric Schmidt sits on Apple's board) and steering investors away from the idea of any kind of split.
Verizon Wireless unveiled three new cell phones on Wednesday for the holiday season, including a high-end handset named Voyager that will compete with Apple's iPhone.
AT&T said Tuesday it would buy more technology services from International Business Machines and will sell telecommunications services to IBM worth $1 billion over five years.