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Stock Market & Financial Investment News

News Breaks
February 12, 2014
08:02 EDTT, SFTBF, TMUS, VZ, SSoftbank's Son says AT&T, Verizon hold oligopolistic position, Reuters reports
SoftBank (SFTBF) CEO Masayoshi Son says the top two U.S. mobile operators--AT&T (T) and Verizon Communications (VZ)--have an oligopolistic position in the U.S. markets but declined to comment on U.S. regulators' reported skepticism about a potential merger between Sprint (S) and T-Mobile TMUS), reports Reuters.Reference Link
News For SFTBF;S;TMUS;T;VZ From The Last 14 Days
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April 17, 2015
06:17 EDTVZVerizon to offer monthly custom TV plans, Reuters reports
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April 15, 2015
06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
April 14, 2015
12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
10:51 EDTTMUS, SGoogle to sell mobile phone plans directly to customers, The Information reports
Google (GOOG) is looking to sell mobile phone plans directly to customers while managing their calls and mobile data over a cellular network, reports The Information. According to people with knowledge of the plans, the new service is expected to run on Sprint (S) and T-Mobile (TMUS) networks. Google expected to reach deals to buy wholesale across to those carriers' networks. A launch this year seems likely. Reference Link
April 13, 2015
20:16 EDTVZ, TUSTelecom files net neutrality lawsuit against FCC
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07:16 EDTVZTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
06:06 EDTSSprint introduces Sprint Direct 2 U service
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April 12, 2015
19:21 EDTSSprint introduces free international roaming
In a press release Friday, Sprint introduced "International Value Roaming," giving customers the ability to travel to areas in Latin America, Europe and Japan and roam with up to 2G speeds to read emails and surf the web at no additional charge. Additionally, they can send unlimited text messages for no extra charge, and they can call for 20c per minute. Eligible countries for International Value Roaming are Argentina, Brazil, Chile, Costa Rica, El Salvador, Germany, Guatemala, Japan, Mexico, Nicaragua, Panama, Russia, South Korea, Spain and the United Kingdom. Customers looking for higher data speeds can choose from three "International Speed Data Roaming options" offering up to 3G network speeds for one-day, seven-day and 14-day passes, starting at $15.
April 10, 2015
05:59 EDTSSprint to pay $15.5M to settle DOJ wiretap overcharging case
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April 9, 2015
12:14 EDTSSprint store announcement a positive, says Wells Fargo
Wells Fargo views Sprint's announcement of opening 1,435 Sprint-RadioShack stores starting tomorrow as a positive. Wells believes the stores are in attractive locations across the country and that Sprint continues to focus on attracting higher credit quality customers. It keeps an Outperform rating on the name.
11:02 EDTSSprint to open 1,435 Sprint-RadioShack stores tomorrow
Sprint says it will more than double its company-owned retail footprint tomorrow by opening 1,435 Sprint-RadioShack stores. In last week’s transaction, General Wireless, an affiliate of Standard General LP, acquired 1,743 RadioShack stores. Sprint has agreed with Standard General to be co-tenants in 1,435 of those stores, with Sprint being the primary brand in marketing materials and signage. Sprint will occupy roughly one third of the retail space at these existing RadioShack locations. The phone carrier added, "The expansion of Sprint’s retail stores also means significant opportunities for the company to invest in local communities by adding nearly 3,500 new jobs. In the coming months, Sprint will actively recruit a skilled workforce to fill quality full- and part-time positions, helping to make local communities stronger."
April 8, 2015
13:11 EDTTAT&T to pay $25M civil penalty for consumer privacy violations
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06:06 EDTS, SFTBF, TMUSSoftbank downsizing Silicon Valley presence, WSJ reports
SoftBank (SFTBF) has reduced its presence in Silicon Valley, relocating some employees to Japan and subsidiary Sprint's (S) headquarters in Kansas, The Wall Street Journal reports. The move to downsize comes after Sprint's failed bid to acquire T-Mobile US (TMUS) last year. Reference Link
April 7, 2015
16:00 EDTVZOptions Update; April 7, 2015
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09:35 EDTVZActive equity options trading on open
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07:34 EDTTMobileIron announces availability of AT&T Work Platform
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April 6, 2015
16:00 EDTVZOptions Update; April 6, 2015
iPath S&P 500 VIX Short-Term Futures down 51c to 24.53. Option volume leaders: AAPL TSLA VZ TWTR BIDU RIG NFLX AMZN KO PBR according to Track Data.
10:01 EDTVZWeather Channel's core buiness facing 'major' threat, WSJ reports
The Weather Channel, which is owned by a consortium made up of NBCUniversal (CMCSA) and private equity firms Bain Capital and The Blackstone Group (BX), was dropped last month from Verizon's (VZ) FiOS TV service, and now the channel's backers are preparing for the possibility of being dropped by Dish Network (DISH), sources tell The Wall Street Journal. Though The Weather Channel is facing a "major" threat to its core business, the fees it collects from the pay-TV providers, the sources say that no formal sale by the company's owners is under way. Reference Link
06:45 EDTVZ, T, SQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.
April 5, 2015
08:43 EDTVZ, TAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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