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- Clearwire Q1: Revenues In Line, Losses Keep Piling Up
- Eric Savitz (Barron's) submits: Clearwire CLWR Wednesday afternoon posted Q1 revenue of $62.1 million, just shy of the consensus forecast of $62.6 million. The company posted a loss for the quarter of $71.1 million, or 38 cents a share on a fully diluted basis. Clearwire added 25,000 net new...
- External links 2009-05-13
- BT Group: To Slash 15,000 Jobs, Cuts Dividend
- Eric Savitz (Barron's) submits: BT Group BT, the Brititsh telecom giant, Thursday morning said it will cut 15,000 jobs and slash its dividend in reponse to disappointing performance by its Global Services unit. The company Thursday morning posted revenue for its fiscal fourth quarter ended March 31 of 5.47...
- External links 2009-05-14
- Clearwire Needs More Cash, Lots More
- Eric Savitz (Barron's) submits: Clearwire CLWR continues to make steady progress on its ambitious plan for a nationwide wireless broadband network built on the WiMax standard. Wednesday, the company reported adding 25,000 subs in the March quarter, to finish with a half million. The company expects to cover turf...
- External links 2009-05-14
- AT&T Reaffirms Wireless Margin, $99 iPhone Availability
- Eric Savitz (Barron's) submits: Hot on the heels of Apple’s AAPL announcement of a new iPhone, its wireless partner, AT&T T, re-affirmed its outlook for Ebitda margin as a percentage of sales this year “in the low 40% range.” The company also said that the repriced $99 iPhone 3G...
- External links 2009-06-08
- AT&T to Speed Up Its 3G Network
- Eric Savitz (Barron's) submits: Speaking at the Wall Street Journal’s D: All Things Digital conference in Carlsbad, California Wednesday morning, AT&T T CEO Randall Stephenson said data speeds will be 2x or faster as it rolls out an upgrade to its 3G network. The upgrade was announced this morning....
- External links 2009-05-27
- Alcatel-Lucent Q1: Revenue Down, Sees Break-Even in '09
- Eric Savitz (Barron's) submits: Life remains a struggle for telecom equipment supplier Alcatel-Lucent ALU. The company Tuesday morning posted Q1 revenues of 3.6 billion Euros, down 6.9% year over year and 24.7% sequentially; on a constant currency basis the numbers look even worse, down 11.2% year over...
- External links 2009-05-05
- Plantronics Q1: Turnaround Message Loud and Clear
- Eric Savitz (Barron's) submits: Plantronics PLT shares have posted huge gains Wednesday after the headset maker yesterday posted Q1results and Q2 guidance that were much better than expected. Q1 revenue of $146.8 million topped guidance of $125 million to $135 million; the company posted an operating profit...
- External links 2009-05-06
- Verizon, AT&T: Trouble Ahead for Wireless Carriers?
- Eric Savitz (Barron's) submits: For many quarters now, telco giants Verizon VZ and AT&T T have suffered sharp declines in the residential wireline business, but have been bailed out by rapid growth of their wireless businesses. But J.P. Morgan analyst Mike McCormack Thursday morning warns that fundamentals in wireless...
- External links 2009-05-07
- Clearwire: Shares Down on Weak Q2, Cash Concerns
- Eric Savitz (Barron's) submits: Clearwire CLWR shares are getting hammered Wednesday morning after a slightly weaker than expected Q2 earnings report - and growing market concerns about the WiMax telecom company’s need to raise more cash in order to roll out services broadly enough to become a mainstream player....
- External links 2009-08-12
- Sprint: Downgraded on Wireless Industry Competitive Pressure
- Eric Savitz (Barron's) submits: Piper Jaffray analyst Christopher Larsen Tuesday morning cut his rating on Sprint Nextel S to Underweight from Neutral, reducing his price target on the stock to $3.50 from $5. Sprint closed Monday at $3.71. Larsen contends Street EBITDA estimates for the company are...
- External links 2009-08-11
- Verizon Downgraded on Continuing Unemployment Concerns
- Eric Savitz (Barron's) submits: Auriga USA analyst Chandan Sarkar Tuesday morning cut his rating on Verizon VZ to Hold from Buy, chopping his price target to $40, from $34. Sarkar cut his Q3 EPS estimate to 60 cents from 63 cents; for Q4 he similarly goes to 60 cents,...
- External links 2009-09-01
- Is the iPhone Slowing AT&T's Network?
- Eric Savitz (Barron's) submits: I see a trend. Back in July, I wrote a post based on a Bernstein Research report which considered the question of whether the Apple AAPL iPhone has been a blessing or a curse for AT&T T, citing among other factors the strain...
- External links 2009-09-03
- Atlantic Tele-Network Soars on 'Transformational' Deal with Verizon
- Eric Savitz (Barron's) submits: Now here is a deal the Street really likes. Tuesday, Atlantic Tele-Network ATNI a company which operates a hodgepodge of telecom operations in the U.S. and the Caribbean, announced a deal to pay $200 million in cash to acquire more than 800,000 wireless...
- External links 2009-06-10
- Level 3: Shares Rally on Debt Exchange Deal
- Eric Savitz (Barron's) submits: Level 3 LVLT shares are trading sharply higher after the company announced a deal to exchange a combination of cash an a new issue of 7% convertible senior notes due March 15, 2015 for a portion of its 6% convertible subordinated notes due 2010 and...
- External links 2009-06-22
- Qualcomm Raises Guidance for Q3 on Strong Demand for 3G Devices
- Eric Savitz (Barron's) submits: Qualcomm QCOM Thursday morning raised its guidance for its fiscal third quarter ending June 28, but cautioned that it sees Q4 chipset units declining sequentially, putting a damper on the upbeat outlook for the current quarter. The stock is poised to open lower. For...
- External links 2009-06-11
- Verizon and AT&T Downgraded on Lower Expectations for Wireless
- Eric Savitz (Barron's) submits: Bernstein Research analyst Craig Moffett Monday morning cut his ratings on both Verizon VZ and AT&T T, asserting that shares of the two companies have “come too far, too fast.” For Verizon, he goes to an Underweight Rating, from Market Perform, and cut his...
- External links 2009-01-05
- Sprint Limps Home
- Eric Savitz (Barron's) submits: “Sprint” is not something Sprint Nextel S has managed to do for a long time; maybe they need to change the company’s name to “Splint.” Certainly, they can use some first aid. The company this morning posted third quarter revenue of $8.82 billion, a...
- External links 2008-11-07
- Sprint Nextel: The Sell Now Network
- Eric Savitz (Barron's) submits: Sprint Nextel S shares have extended their recent slide to five straight sessions, and accelerated to the downside. The stock today was down 72 cents, or 22.3%, to $2.51. That brought the stock’s five-day loss to $1.64, or close to 40%. There have been...
- External links 2008-11-11
- Sprint to Cut 8,000 Jobs by End of March
- Eric Savitz (Barron's) submits: Sprint Nextel S Monday morning said it will cut 8,000 jobs by March 31 as part of a program to internal and external labor costs by about $1.2 billion a year. The total includes 850 positions expected to be eliminated under a voluntary separation plan...
- External links 2009-01-26
- Qualcomm Misses Q1 EPS, Reduces '09 Guidance
- Eric Savitz (Barron's) submits: Qualcomm QCOM Wednesday afternoon posted better-than-expected revenues for its fiscal first quarter ended December 28, but posted pro forma per-share profits came in short of Street expectations. The company also lowered its guidance for the September 2009 fiscal year. Qualcomm posted pro forma revenue...
- External links 2009-01-28
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