Samsung issued pre-earnings guidance on Friday indicating it will beat profit estimates set by the Street for the third quarter thanks to strong demand for its smartphones. The South Korea-based company said its operating profit for the three month period ending this September will total roughly 4.2 trillion won ($3.6 billion), which bested estimates from a group of …
Clearwire is in discussions to sell sell some of its wireless network capacity to Verizon Wireless and AT&T, Bloomberg reported recently. “All those discussions are under way,” Clearwire CEO Erik Prusch told Bloomberg. “I’m confident we’ll bring in new wholesale partners. Our message to the industry is that we’ve got the capacity to handle their …
AT&T has approached several U.S. wireless carriers offering to sell assets, spectrum and wireless subscribers in an effort to win the government’s blessing for its planned acquisition of T-Mobile USA, Bloomberg reported on Monday. MetroPCS, Leap Wireless, CenturyLink, Dish Network and Sprint were among the the companies approached in the private talks. AT&T’s move is …
AT&T is prepared to make sacrifices in an effort to sway the U.S. Department of Justice and the Federal Communications Commission in favor of its planned $39 billion acquisition of T-Mobile, Reuters reported on Friday. On August 31st, the U.S. Department of Justice filed a lawsuit against AT&T in attempt to block the merger, a …
It remains to be seen whether Hewlett-Packard’s upcoming overhaul will pay off in the long run, but one things seems clear: the manner in which HP revealed its plans was ill-conceived at best. HP’s announcements sent its stock tumbling, and analysts continue to lose faith in the company as unrest builds. In a note to investors …
Dell delivered second-quarter earnings on Wednesday that beat the Street’s estimates, reporting net profits of $890 million, or $0.05 per share above analysts’ consensus. The world’s No.2 PC vendor missed revenue estimates however, and it slashed guidance for the remainder of 2011. In a note to investors on Friday, Ticonderoga Securities analyst Brian White told …
In a note to investors on Tuesday, BTIG Research analyst Walter Piecyk raised his rating on Sprint stock from Sell to Neutral without indicating a new price target. Piecyk had previously set his price target at $3.13, but noted that the stock now trades under five times BTIG’s 2012 earnings estimate, which is below consensus. The …
On April 20th, a Verizon Wireless spokesperson was quoted as saying the company was “still evaluating” whether it would carry Research In Motion’s BlackBerry PlayBook tablet in its retail stores. Eleven days later, it looks like that evaluation is over. The company has the PlayBook listed in its 2011 winter consumer guide with a “coming …
Reuters is reporting that Verizon Wireless is still debating whether or not to distribute Research In Motion’s new tablet, the BlackBerry PlayBook, via its sales channels. “We’re still evaluating the BlackBerry Playbook and have not made a determination as to whether we’re going to distribute it,” said a Verizon Wireless spokesperson speaking to the publication. The new …
A new rumor suggests HP may have considered selling its PC business, with Samsung lined up as the most likely buyer. The report comes from DigiTimes and is sourced from an article in the Chinese financial paper Commercial Times. DigiTimes claims that rumors to this effect have been circulating in Taiwan since last year, however, and …
