The fact that Joe bought at $5 gives me quite a bit of confidence that were at or near the bottom here. I've been following his trades for years and he's pretty slick. He is the CFO after all. When he sold 10% of his holdings at $10 that was a sign we should have taken some off the table there. His trades pre SoftBank were pretty spot on too. Keep an eye on this guy!
Google Wireless is said to operate on Sprint and/or T-Mobile networks....don't see how this could possibly be bad for Sprint. CEO just recently bought 5 million sprint shares at $5....he must be thinking Google Wireless will help more than harm Sprint!
If ATT was allowed to swallow T-Mobile...Verizon would strike back and take out Sprint in the blink of an eye. It's a win-win for Sprint (and shareholders) as long as repubs get in!
Euteneuer is no dummy....he is pretty slick...his past trades were very accurate in determining the stock direction in the coming months after his trades....don't bet against this guy!
I will be holding over the weekend ....there's obviously pending merger/partnership announcements coming with Speint...usually the news breaks Monday mornings. Don't want to be caught Short or Out of your position come Merger Monday announcement day!
Big boys want in on the potential of this Google project while the price is still in single digits!
Still much cheaper than when SoftBank took over at $7....
Buy now while there's still a chance to get in cheaper than Masa Son did!
Good points TR...you know a lot more about this industry than I, but it does seem that Sprints lack of innovation has more to do with lack of scale and limited funds to build out a similar sized network. Half the customer base means half the revenue means half the network. Simple math really. And I'm not saying Verizon isn't innovative, they are, but it's just that they can afford to take big technology leaps with their network in a broad deployment and advertise the hell out of it, and still make a nice profit, due to their scale from all the previous mergers. It's an enviable position that hopefully Sprint can someday achieve.
GTE merged with BELL ATLANTIC merged with VODAPHONE merged with ALLTEL merged with UNICEL....making VERIZON the largest carrier in the country by subscriber count.
Very Innovative indeed......
It'll be interesting to see what Apple does someday once iPhone profit margins get squeezed or once the device just loses its "gotta have it" mojo again. Nearly all of Apples profit is from iPhone sales. Will they expand into offering service/content to keep up with Google and diversify its future revenue streams? This could get really interesting in the next few years....
"I’m confident we have a strong team, and the right plan and resources to be successful. I’m excited to be part of Sprint and I believe the day will come, and is not so far away, when we catch up and even go ahead of our competitors "
J. Miyakawa TCOO
Selling Google access to their wireless networks would help Sprint and T-Mobile recoup some of their extensive investments. If Google's entry into the wireless market is successful, the company may even try to take over Sprint or T-Mobile, Menezes said. "This could end up being a 'try it and then buy it' strategy," he said.