|Bid||81.29 x 1100|
|Ask||82.41 x 2200|
|Day's Range||80.78 - 82.33|
|52 Week Range||59.96 - 85.22|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||21.41|
|Earnings Date||Oct 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||88.17|
Today's major tech headlines include the FCC approval of the T-Mobile and Sprint merger, Stranger Things saving Netflix's worrying subscriber growth and Amazon and Google's slow adoption of Wi-Fi 6 in the company's networking products.
Although stocks are mixed amid weak retail data and trade concerns, the UAW reached a tentative labor deal with GM after numerous weeks of strike while the FCC approved of a merger between T-Mobile and Sprint. Yahoo Finance's Scott Gamm joins The Final Round to discuss.
T-Mobile plans to post its third-quarter earnings results on October 25. The third-largest wireless service provider had an action-packed September quarter.
Motorola's (MSI) new solution enables law enforcement agencies to connect apparently different crimes to identify patterns, accelerate case closures and improve public safety.
NEW YORK , Oct. 18, 2019 /PRNewswire/ -- OnePlus , a global smartphone company, announced today the U.S. open sales of the OnePlus 7T. This much anticipated smartphone, available in Glacier Blue and Frosted ...
Moody's rating action reflects a base expected loss of 16.5% of the current pooled balance, compared to 11.3% at Moody's last review. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
Despite higher year-over-year sales, Ericsson (ERIC) misses Q3 earnings estimates mainly due to a provision of SEK 11.5 billion. Management raises 2020 sales target on the back of accelerated demand for 5G.
The T-Mobile–Sprint merger may be nearing official FCC approval “due to the no vote from Democratic commissioner Jessica Rosenworcel.” Here's why.
The Federal Communications Commission approved the Sprint/T-Mobile merger on a 3-2 party-line vote. With all three regulatory approvals, the fate of the merger is in the hands of a bipartisan group of attorneys general from 16 states and the District of Columbia that are suing to stop the merger. The trial begins Dec. 9.
T-Mobile stock is consolidating as the proposed Sprint merger’s fate remains unclear. Here is what a fundamental and technical analysis says about buying stand-alone T-Mobile sans Sprint.
T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters. Chairman Ajit Pai and two Republican commissioners voted to approve the deal while two Democratic commissioners voted against it, the sources said. The lawsuit against Sprint and its parent company Softbank Group Corp and T-Mobile and its parent Deutsche Telekom AG argues the deal will lead to higher prices for consumers.
Bernstein has launched coverage of the telecom, cable and satellite sector with a mostly positive outlook and bullish recommendations on several stocks. The Analyst Bernstein analyst Peter Supino initiated ...
T-Mobile (TMUS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Google stock advanced on Tuesday amid the unveiling of the Pixel 4 smartphone, which takes on the new Apple iPhone 11 and Samsung devices. Meanwhile, Apple stock slipped on the news.
You might support the T-Mobile–Sprint merger or you might not. But it will probably happen either way, so why not profit from the telecom event of the decade?
What’s the news: Pixel 4 and 4 XL are coming to the Un-carrier with two sweet trade-in offers, including the Pixel 4 “on us” when you switch to T-Mobile and trade-in your old Pixel. Get the new Pixel 4 at T-Mobile without breaking the bank … Plus, both new Pixel smartphones tap into T-Mobile’s newest, most powerful signal, 600 MHz. Let T-Mobile pick up the tab for the brand new Pixel 4.
While many believe that a T-Mobile–Sprint merger would reduce competition, we shouldn't overlook what could happen to Sprint if the merger fails.
(Bloomberg Opinion) -- Masayoshi Son could be on track for the biggest triumph of his career. Or the biggest failure. His decision to jump in and save a drowning unicorn, WeWork, goes against the precepts of the SoftBank Vision Fund that he founded, and could cause reputational damage worth more than the billions of dollars in this one deal.SoftBank Group Corp. may get control of the troubled office-rental startup as part of a financing package that could relieve a looming cash crunch, Bloomberg News reported. Directors of The We Co. may soon choose one of two options: a SoftBank takeover, or a debt package led by JPMorgan Chase & Co.Actually running one of the fund’s portfolio companies would be a grave step for a man entrusted to manage $100 billion of investors’ capital. Such a move goes beyond doubling-down on a flailing investment in a single company and would saddle Son’s team with a task the fund wasn’t set up to tackle. That puts at risk not just shareholder money, but the status of the Vision Fund and its mastermind, Son himself.WeWork was one of the world’s hottest companies before its IPO prospectus revealed it was burning cash and had a complicated shareholding structure that overly favored its founder and chairman, Adam Neumann. Public investors balked, forcing the company to shelve a planned listing. That brought its valuation crashing down, to as little as $15 billion from $47 billion.In late September, there was talk that SoftBank would give WeWork more cash in return for a reduced price at which it acquires stock. That deal would have made sense, allowing Son and his investors to enjoy a wider upside from an eventual exit, or at the very least narrow any downside from a worsening valuation.Having sunk as much as $10 billion in WeWork, it’s understandable that Son and his team want to do all they can to save it.Engineering the exit of Neumann, as SoftBank successfully did, is not tantamount to re-engineering the company and its troubled business model. This is likely the beginning of an ugly cleanup, as my colleague Shira Ovide wrote. But that doesn’t mean SoftBank should be the one to do the dirty work.It’s normal for a startup's investors to offer advice, make introductions, or even force change. It’s highly unusual for a venture capital vehicle to then become the parent company, tasking itself with being the turnaround merchant. That’s the realm of private equity and takes a different skill set. It also takes a lot of time and management resources.Son’s desire to be a savior may be strong. His 2012 takeover of U.S. telecommunications company Sprint Corp. is one of the most notable examples. But Vision Fund investors may also take it as a warning: Sprint remains unprofitable. It has also taken up a lot of management time as SoftBank executives worked to find a buyer — Sprint now plans to merge with T-Mobile USA — and then regulators to allow the deal to go through.As big as WeWork is, that investment is just 10% of the Vision Fund. Yet VC investing returns aren’t measured in percentage points, but multiples. The Vision Fund should be able to write off WeWork in its entirety and still post solid profits. It also means that expending an inordinate amount of time, and reputation, on one investee is not in the best interests of the Vision Fund’s other 82 portfolio companies, nor its investors.Of course, there may be another strategy: Keep WeWork on life-support just long enough to raise the second Vision Fund. Plans for this sequel already look shaky. Would-be backers seem to be having second thoughts and SoftBank is reported to have leaned on its own employees to take out loans to fund personal investments. The WeWork debacle isn’t making the Vision Fund 2 an easy sell.The reputations of Son and the Vision Fund needn't be made or broken by one deal. Sure, a successful turnaround could do wonders. But it seems more likely that negative headlines will keep coming for years and gradually erode Son and SoftBank’s mystique. This hill isn't worth dying on.To contact the author of this story: Tim Culpan at email@example.comTo contact the editor responsible for this story: Patrick McDowell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.