So, Marcelo buys 5 million Sprint shares under $5 and his boss gives him around $7.75 a share....Nice trade...
a point to ponder for sure....
my Marcelo comment was part satirical, with a some sarcasm thrown in.....my larger point was Sprint's network is finally getting the attention [ good rootmetrics scores] it deserves after all the work it took and Marcelo Claure's buying of S shares is his public vote of confidence, his saying to the masses....hey, look. The network is finally evolving and I'm celebrating......what better way to announce to the industry......is it all for naught? next earnings call will tell the real story...
So, Marcelo gets a advanced copy of the Rootmetrics data and then buys 5 million more Sprint shares on the open market.....now it's starting to make sense.....
Sprint Network Jointly Awarded #1 Ranking for Fastest Mobile Network in Salt Lake City
Sprint today announced that its Salt Lake City network shares a first-place ranking for network speed, reliability, call and text performance according to a new RootScore® report by independent mobile analytics firm RootMetrics®.
The CWA (Communications Workers of America) is celebrating today after a judge found T-Mobile guilty of violating federal labor laws. The company was found to have illegally restricted employees from organizing or even discussing work issues with each other. Judge Christine Dibble cited the company's policies that barred workers from discussing their wages and working conditions, and their repeated efforts to discourage them from reaching out outside organizations for help. As an example, she highlighted the procedure for filing a wage and hour complaint, which requires the notification of management first, and threatens discipline if the rule is broken. That would prevent employees from banding together to address issues collectively. Of the 13 policies brought before the court, 11 of them were found to be illegal and they must be reversed immediately. All employees must also be notified that these policies violated the law.
per latest Nasdaq data on Sprint below....doesn't seem like the fear mongering is working here....
371 Institutional Holders
689,462,925 Total Shares Held
update on Sprints transformative momentum.......New Sprint CEO on the job around 7 months now....Marcelo Claure took over amidst major network overhaul and company reorganization.......
By Ray Sheffer
39 minutes ago
Sprint’s Fiscal 3Q14 Results – Positive Signs for Investors (Part 1 of 19)
Sprint’s fiscal 3Q14 results
Sprint (S) reported its fiscal 3Q14 results on February 5, 2015. The company’s fiscal year starts in April. In this series, we’ll analyze the company’s results for the quarter.
Sprint is one of the four national wireless carriers in the US. The other wireless domestic carriers are Verizon (VZ), AT&T (T), and T-Mobile (TMUS). Together these four telecoms accounted for ~34.9% of the iShares U.S. Telecommunications ETF (IYZ) on March 5, 2015. Individually, Sprint represented ~4.6% of IYZ on the same date.
High sales for telecoms
High retail sales usually mark the December quarter due to the holiday season. For telecoms, the quarter was particularly significant in 2014. It followed the launch of Apple’s (AAPL) iPhone 6 in September 2014. Apple always launches its iPhones in September.
However, the telecoms eagerly awaited the launch of Apple’s iPhone 6 in 2014. The phone was launched two years after the launch of the iPhone 5.
Sprint also witnessed high sales volume during the quarter.
Sprint’s gross additions
Sprint’s gross additions grew in both the prepaid and postpaid segments during fiscal 3Q14. During the quarter, Sprint reported its highest postpaid gross customer additions in the last three years.
The company’s prepaid gross additions also grew significantly—both YoY (year-over-year) and sequentially—in fiscal 3Q14. In the prepaid segment, the growth in customer gross additions was the highest Sprint has ever achieved.
Legere is thee best thing to happen to Mr Son and Marcelo Claure. Legere challenges them to do better, reach further, dig deeper....Legere came along at just the right time....
Read 'em and weep....
The Dow Jones industrial average lost 117 points, or 0.7%, to finish at 17,959.03. Losing 0.5% was the S&P 500.
In a statement, the Fed, as expected, did drop its promise to be "patient" as it weighs interest rate hikes, clearing a path for an eventual increase later this year.
But the Fed said it will bump up its key federal funds rate only when the labor market improves further and inflation prospects pick up from the current meager pace.
Oil prices fell about 2% as U.S. benchmark crude dropped to $43.80 a barrel.
The yield on the 10-year Treasury note rose to 1.98% Thursday, after tumbling from 2.05% to 1.92% on Wednesday.
What is really interesting here is both S and TMUS are showing real grit (or moxie if that fits better ) when it comes to challenging the Duopoly at all levels, so, is Mr Son, Claure , DT and Legere posturing for another merger run downstream ? iF the Feds blink , even a little, letting some light in, a S-TMUS partnership will be a formidable foe. The ATT VZ big dog days will unwind .....
AT&T Has to Pay $40 Million Because It Didn't Read a Document
(Bloomberg) -- Call it AT&T Inc.’s $40 million “whoops.”
The phone company will have to shell out that much in a patent-infringement case because its lawyers didn’t read a court document, an appeals court ruled Thursday.
AT&T missed a deadline to appeal a jury verdict for $27.5 million, plus interest, won by closely held Two-Way Media LLC for using its technology for tracking what you watch on streaming video services.
The problem started with a faulty court docket notice, which said the trial judge had granted AT&T’s request to seal some documents. A reading of the actual order showed the judge had denied AT&T’s request to overturn the jury verdict, setting the 30-day clock ticking for the time to appeal.
Dicey plan: part 3
T-Mobile’s new business plan is very aggressive. One potential problem the carrier has to explain to investors is whether it loses money on most of the new subscribers it captures. “Lose money on subscribers and make it up on volume?” T-Mobile might want to pass the answer along to Wall Street.
Dicey plan; part 2
Perhaps the fact that T-Mobile will offer huge incentives for business customers will overcome its quality reputation, as those incentives are strong. Among them:
Stuck with your current carrier? Only T-Mobile can set your business free. Starting March 22, T-Mobile will pay off your remaining phone payments from your old carrier. Just trade in your devices and we’ll cover your remaining phone payments — as much as $650 for the first 10 lines with a trade-in credit and Visa® Prepaid Card. Starting with 11 lines — get up to $100 per line bill credit.
T-Mobile only made $247 million on $29.6 billion last year. It has $21.2 billion in long-term debt, on which the debt service will be $9.5 billion. T-Mobile’s ability to fund deep discounts comes with a cost that it cannot afford as easily as the industry’s two giants, AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ). And it puts the company’s financial position at further risk.
Investors do not think much of T-Mobile US Inc. (NASDAQ: TMUS), which probably means they do not think well of its aggressive price cutting plans. The carrier’s share price is up less than 6% over the past year, compared to a nearly 13% for the S&P 500.
The latest of these plans is aimed at small businesses. T-Mobile now offers what it says are better features than those of larger carriers. The pricing may be an enticement. However, the most powerful argument against use of the plans is T-Mobile’s low ratings for service among America’s four largest carriers. In the recent J.D. Power U.S. Wireless Network Performance Study, T-Mobile did poorly, although it topped Sprint Corp. (NYSE: S) in several categories. T-Mobile barely did better in a recent RootMetrics report. T-Mobile may believe it can price cut its way to more subscribers, but that is a dicey plan.
ah yes, and Sprint's CEO, on the job just 7 months now, buys a additional 5 Million Sprint shares on the open market......
On the other hand, there appears to some 'winding of the spring' that may uncoil if some, even modest, good news is afoot....
Claure seems kinda quiet on this.....
Boingo Wireless Aquires Sprint's Wi-Fi Network Operations at Seven U.S. Airports
World's Leading Airport Network Operator Increases Footprint, Enhances Service and Options for Business Travelers in All Seven Airports
Boingo Wireless Inc., which provides access to the world's largest network of Wi-Fi hotspots, today announced that it has acquired seven airport Wi-Fi networks from Sprint (NYSE: S). Operations in all seven airports have been successfully converted to Boingo® hotspots.
Sprint customers will retain Wi-Fi access in these seven airports and will gain access to 16 additional airports where Boingo provides Wi-Fi services directly. Additionally, the companies have entered into a roaming agreement that will provide Sprint customers access to Boingo's global hotspot network.
As part of the conversion, Boingo lowered the price of day pass access in these locations to $7.95 for 24 hours of access. Travelers who sign up for a Boingo access can also use that account in more than hotspots around the world. In addition, Boingo is adding more bandwidth for several of the airports to enhance the user experience and ensure that business travelers have the speed they need.
Sprint got a leg up on TMUS .....
Sprint on the move ..
Sprint Taking on Rivals With Push Beyond Consumers to Businesses - Bloomberg Business
(Bloomberg) -- Sprint Corp. is aiming a bundle of office services including high-speed Internet, Wi-Fi and landline and mobile calling at small businesses as the battle for new users moves beyond consumers.
The package unveiled Monday is part of Sprint’s OfficeFuel drive to get small companies to buy most communications technology and management from one vendor. It starts at $200 a month per employee with an optional $40 a month for unlimited wireless texting, calling and data, about $10 less than rival plans, according to Mike Fitz, vice president of business solutions.
The push to sell managed-services packages to small businesses is a spillover from what has been an active period of price cuts and promotions in the consumer market. The move brings Overland, Kansas-based Sprint head-to-head with AT&T Inc., Verizon Communications Inc., and a rejuvenated T-Mobile US Inc., which is expected to introduce a business-focused offer Wednesday.
“Sprint is trying to steal T-Mobile’s thunder,” said Roger Entner, founder of Recon Analytics, an industry research firm in Dedham, Massachusetts. “This gives Sprint a two-day head start on headlines.”
Wonder if parent company DT has signed off.....
The T-Mobile wireless industry shakeup continues.
T-Mobile (TMUS) on Wednesday announced it's locking in its promotional rates "forever." It will pay you $650 to leave your carrier. And it's making simpler, cheaper plans for small businesses.
To gain ground on its biggest rivals, AT&T (T, Tech30) and Verizon (VZ, Tech30), T-Mobile has engaged in a promotional price war. The company has promised to make these deals -- such as cheaper unlimited data for family plans -- permanent.
The company is also extending the deal it made to AT&T customers last year. If an AT&T, Sprint (S) or Verizon customer is still paying off their new phone or tablet, T-Mobile is willing to pay up to $650 per line if they switch over.
As for small businesses, T-Mobile is offering easy-to-understand plans that don't require haggling in the store. It's also providing business owners free help to claim a website and build one that looks good on smartphones.