Tech Business Review: A123 POPS Again, Sprint’s Next Acquisition QUESTIONED

Wall St. Cheat Sheet

Investors of A123 Systems, Inc. (NASDAQ:AONE) may well be happy that shares have once again popped for no apparent reason, and are now up some 50 percent on the week, selling for a penny or two below 30 cents each. It might well be, say some observers, that the shorts who control quite a bit of the company’s float are booking some profits.

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A merger between Sprint Nextel Corporation (NYSE:S) and T-Mobile is not quite firmly placed upon the horizon, thinks Goldman, as such a combined entity would own $35 billion in high-yield debt. Further, says Goldman, Deutsche Telekom Ag Ads (DTEGY.PK) might not be happy about a transaction that would face regulatory scrutiny, along with a major equity component to it. The analyst believes that an offer by Sprint for MetroPCS Communications, Inc. (NYSE:PCS) or Leap Wireless International, Inc. (NASDAQ:LEAP) would make more sense.

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