S Sprint Nextel Corp. featured news, full reports, and detailed charts
Sprint Nextel Corp. (S) Wrap Up:
Sprint Nextel Corporation offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States and internationally. Its Wireless segment provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies. Its wireless mobile voice communications services include basic local and long distance wireless voice services, voicemail, call waiting, three way calling, caller identification, directory assistance, call forwarding, speakerphone, and voice-activated dialing features, as well as roaming services; and wireless data communications services comprise Internet access and messaging, email services, wireless photo and video offerings, and mobile entertainment applications, as well as asset and fleet management, dispatch services, and navigation tools. This segment also offers walkie-talkie services; and sells accessories, such as carrying cases, hands-free devices, batteries, and battery chargers, as well as handsets and accessories to agents and other third-party distributors for resale. In addition, it provides Sprint-branded post-paid, Boost Mobile-branded prepaid, and wholesale wireless services over the company?s CDMA network in the United States, Puerto Rico, and the U.S. Virgin Islands; and Nextel-branded post-paid and Boost Mobile-branded prepaid wireless services over the iDEN network. The company?s Wireline segment provides wireline voice and data communications services, including domestic and international data communications using various protocols, such as multi-protocol label switching, Internet protocol (IP), IP-based frame relay, managed network services, voice over IP, and traditional voice services. It also offers wide-area network and long distance services, as well as operates an all-digital long distance and 40 gigabyte capacity Tier 1 IP network. Sprint Nextel was founded in 1899 and is headquartered in Overland Park, Kansas.www.sprint.com
56,000 Employees
Founded in 1899
Sprint Nextel Corp. (S:NYSE)
LAST $3.76 USD
CHANGE TODAY -0.09 -2.34%
VOLUME 61.0M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Sprint Nextel Corp. (S)
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OPEN
$3.82
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PREVIOUS CLOSE
$3.85
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DAY HIGH
$3.86
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DAY LOW
$3.74
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52 WEEK HIGH
05/20/09 - $5.94
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52 WEEK LOW
11/20/08 - $1.35
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MARKET CAP
10.8B
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AVERAGE VOLUME 3 mo
77.7M
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DILUTED EPS TTM
$-1.07
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SHARES OUTSTANDING
2.9B
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S Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | |||
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San Jose Mercury News, Calif., Troy Wolverton column: Suggestions for a tech-happy holidays [San Jose Mercury News, Calif.]
Knight Ridder/Tribune - 11/22/2009 7:18 PM ET
Johnson, Knaus aim for fourth straight title [The Fayetteville Observer, N.C.]
Knight Ridder/Tribune - 11/22/2009 6:48 PM ET
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Final Glance: Telecom companies
AP Digital - 11/20/2009 5:51 PM ET
Moody's downgrades Sprint rating
AP Digital - 11/20/2009 5:27 PM ET
S Top Compensated Officers
Mr. Daniel R. Hesse
Chief Executive Officer, President, Director,...
Age: 54
Total Annual Compensation: $1.2M
Mr. Keith O. Cowan
President of Sprint Nextel iDEN
Age: 52
Total Annual Compensation: $1.2M
Mr. Steven L. Elfman
President of Network Operations and Wholesale
Age: 53
Total Annual Compensation: $412.5K
Mr. Robert L. Johnson
Chief Service Officer
Age: 50
Total Annual Compensation: $575.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Sprint Nextel Corp. (S)
Sprint Nextel Corp. Approves Amendment to the Corporate Bylaws
11/12/2009
Sprint Nextel Corp. announced that its board of directors has approved an amendment to the corporate bylaws allowing the record holders of shares representing at least 10% of all issued and outstanding common stock to call a special meeting of shareholders. To call a special meeting, shareholders must submit a written request to the Secretary of the corporation that meets certain requirements stated in the bylaws, including those related to the timing of similar items or the timing of meetings already scheduled. The action follows approval at company's May 2009 annual meeting of a shareholder proposal requesting this action.
Station Casinos Inc. Selects Sprint Nextel Corp. and MobileAccess Networks Inc. to Provide Wireless Indoor Coverage for its Guests and Staff
11/12/2009
Red Rock Casino, Resort & Spa has teamed up with Sprint Nextel Corp. and MobileAccess Networks Inc. to provide wireless indoor coverage for its guests and staff. The new network delivers enhanced wireless coverage in casinos, convention and meeting areas, back-of-house areas and corporate headquarters and ensures reliable coverage for a variety of wireless communication applications throughout Red Rock's facility, which includes 94,000 square feet of meeting space, nine restaurants and multiple entertainment venues. Station Casinos Inc., which owns Red Rock Casino, Resort and Spa, selected the Sprint Custom Network Solutions (CNS) and MobileAccess solution as their property standard for in-building wireless because of the best-in-class, multiservice Distributed Antenna System (DAS), competitive pricing, broad service and device portfolio. Red Rock Casino Resort and Spa is Station Casinos' second property to deploy the multiservice DAS. In May, the company announced a similar deployment at the Aliante Station Casino +Hotel in North Las Vegas.
Sprint Nextel Corp. to Cut 2,500 Jobs in the Fourth Quarter of 2009
11/9/2009
Sprint Nextel Corp. announced that the company will take actions in the fourth quarter of 2009 to reduce internal and external labor costs by at least $350.0 million on an annualized basis. The actions include the elimination of 2,000 to 2,500 positions within the company. The impact on geographic locations will vary, and many impacted positions will be eliminated by December 31, 2009. The company expects to recognize a charge of approximately $60.0 million to $80.0 million during the fourth quarter of 2009 for severance and related costs associated with the reduction.
S Competitors
| Company | Last | Change |
| Cisco Systems Inc | $23.46 USD | -0.22 |
| Comcast Corp | $15.01 USD | -0.03 |
| KPN KON | €11.60 EUR | -0.285 |
| Time Warner Inc | $31.64 USD | -0.66 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | S | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 2.4x |
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| TEV/Sales | NM | Not Meaningful |
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S |
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S transactions
| Type Date |
Target |
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Bankruptcy
October 20, 2009 |
ATLAS Traffic Management Systems, LLC |
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Merger/Acquisition
October 18, 2009 |
iPCS Inc. |
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Merger/Acquisition
July 27, 2009 |
Virgin Mobile USA, Inc. |
More Recent News About Sprint Nextel Corp.
More news for S
Sprint, Minnesota AG settle suit about contract extensions, early termination fees
Sprint Nextel Corp. entered into a consent judgment to end a suit by the state of Minnesota regarding contract extensions and termination fees. The consent judgment ends a lawsuit Minnesota Attorney General Lori Swanson filed against Overland Park-based Sprint (NYSE: S) in September 2007 alleging that the company often extended consumers’ contracts for as much as two years without their permission when they made small changes to their wireless phone service, such as adding or decreasing minutes or adding or dropping a family member, Swanson said in a release. The suit also alleged that Sprint charged penalties of as much as $200 a line if the consumer canceled the extended contracts. Sprint spokesman Matt Sullivan said in an interview Monday that it’s impossible to estimate the amount of payments the company might be liable for due to the consent judgment. The company denies any wrongdoing and agreed to the consent judgment “to end expensive litigation,” Sullivan said. Ben Wogsland, a spokesman for Swanson, said in an interview Monday that Swanson’s office documented many instances in which it thinks Sprint extended contracts without notifying customers. Minnesotans who became customers of Sprint after Sept. 26, 2001, may submit a claim to Swanson’s office if they think that Sprint enrolled them in a contract or extended their contract without their authorization or knowledge, or didn’t adequately disclose the duration of the contract or contract extension, or the early termination fees that applied. Also, 450,000 customers who currently have contracts with Sprint that contain early termination penalties are eligible to file claims if their contracts were extended without permission or full disclosure, the release said. “Sprint Nextel customers whose contracts were secretly ...Click here to read the whole Article (external link)
Sprint Helps Small Businesses Cut Through the Clutter When Selecting Wireless Services
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sprint (NYSE: S - News), home of America’s most dependable 3G network**, today announces a new approach to simplify how small businesses select mobile devices and plans. Whether just starting a new business, expanding with new employees or upgrading to the latest devices and mobile technology, Sprint offers more value and the best options for small businesses to “cut the cord†and take their office to virtually wherever they need to conduct business. This follows Sprint’s recent announcement of the formation of its Small Business specialty team to sharpen the company’s focus on the rapidly growing small business market segment by dedicating resources, customizing products and developing special offers for small business owners.® phones and Mobile Broadband devices. Available pricing plans offer substantial cost savings over comparable ...Click here to read the whole Article (external link)
Greywolf Capital opposes Sprint-iPCS purchase
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Help (still) wanted: Bank of America CEO
NEW YORK (CNNMoney.com) -- Of all the headaches Bank of America faces these days, none is more painful than its ongoing quest to find a new CEO.More than a month-and-a-half has passed since Ken Lewis announced his plans to retire from the Charlotte, N.C.-based bank at the end of the year. Still, a successor has yet to emerge.Some have blamed disorganization among company board members, who were arguably caught flat footed when Lewis first made his stunning announcement at the end of September. Lewis had previously said he planned to serve until after the bank paid back the money received last fall under TARP, or the Troubled Asset Relief Program.But the government aid might be part of the problem. Over the past year, regulators pumped more than $45 billion into the nation's largest bank, nearly half of which came after Bank of America (BAC, Fortune 500) realized that the scope of losses at investment bank Merrill Lynch were much more severe than first thought. BofA agreed to buy Merrill last year just as Lehman Brothers was about to go under. As one of seven companies to get "exceptional" assistance, BofA has had to succumb to a handful of government demands, including having the pay packages of its top executives reviewed by Kenneth Feinberg, the Obama administration's so-called "pay czar".That has apparently scared away some potential successors. William Demchak, for example, a leading executive at Pittsburgh-based PNC (PNC, Fortune 500Wall Street Journal.Robert Kelly, the chairman and CEO of Bank of New York Mellon (...Click here to read the whole Article (external link)
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