At EIT Telecom, we care about what is happening in the telecom industry and are constantly looking for information that may help us and you, our customers, maintain an edge in the industry.
Here is some news that we are following:
MetroPCS and Leap slump; Motorola lower
(By Jeffry Bartash, MarketWatch)Jan. 12, 2010
WASHINGTON (MarketWatch)- Shares of wireless-service companies MetroPCS Communications Inc. and Leap Wireless International Inc. slumped Tuesday on renewed concerns about growing competition in the discount market.
Earlier Tuesday, MetroPCS said it signed up 317,000 net customers in the fourth quarter - almost double what Wall Street expected - but the company also announced it will offer new wireless plans priced to include fees and taxes to make it simpler for consumers.
The result, however, could be lower revenue. Analyst Craig Moffett of Bernstein Research calculates the new plans could reduce monthly revenue for affected subscribers by as much as 10%.
Read full story >
Nokia to close flagship US stores
(By Karl Bruze and Gustav Sandstrom, Dow Jones Newswires)December 10, 2009
Nokia Corp. said Thursday it will close two flagship stores in the US, the latest sign of a change in strategy for the world's largest cellphone maker which has struggled in the North American market.
Nokia also said it will close one of two stores in London and try to find a relocation for its store in Sao Paolo. The US stores set to close are in New York and Chicago. Nokia currently has 12 flagship stores worldwide after the first was opened in Moscow in 2005.
Read full story >
Cheap Money and the Push to Recapitalize America
(from Seeking Alpha by Roger Conrad)Dec 1, 2009
Near-zero interest rates and runaway money supply growth have made the US economy more vulnerable than ever to hyper-inflation and a currency crisis. But little of this free money is flowing into the economy because banks are still more focused on enriching themselves than loaning to customers.
That’s a line that’s being repeated a lot lately in the financial media. And with 2010 elections approaching--and the policies of the Obama Treasury Dept increasingly under fire--odds are we’re going to hear it a lot more in coming months.
Read full story >
Moody's cuts Sprint-Nextel rating, citing earnings
Reuters(Reported by Tom Ryan)
Fri Nov 20, 2009 3:15pm EST
NEW YORK, Nov 20 (Reuters) - Moody's Investor Services on Friday cut its credit rating for Sprint-Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz), citing concerns about Sprint's ability to stabilize its operating performance and earnings.
Read full story >
Sprint Bets the House on Clearwire
(Reported by Hunter Pavela, The Motley Fool, Fool.com)November 19, 2009
If the U.S. wireless communications market were a marathon, there would be two clear frontrunners: AT&T (NYSE: T) and Verizon (NYSE: VZ). Sprint Nextel (NYSE: S) and T-Mobile would be about three miles back, trailing the pack. Yet Sprint continues to spend money as if it could still make a break and win the race.
Read full story >