The US Department of Justice today has approved the $3.9 billion spectrum acquisition by Verizon Communications Inc. (NYSE: VZ) from SpectrumCo LLC, a joint venture of Comcast Corp. (NASDAQ: CMCSA), Time Warner…
Leap Wireless International (NASDAQ: LEAP) is out with its second quarter results, and the end result showed a wider loss than expected and the customer metrics look soft as well. Apparently having no-contract…
We have recently warned about a dividend bubble that is inflating in the high dividend yield stocks like the telecom giants. Both AT&T Inc. (NYSE: T) and Verizon Communications Inc. (NYSE: VZ)…
Over the last three months the best performing wireless carrier stock has been — wait for it — Sprint Nextel Corp. (NYSE: S), up nearly 62%. The second best performing stock in…
AT&T Inc. (NYSE: T) reported this morning that its second-quarter profit came in at $3.9 billion, or $0.66 per share. That is up from from $3.59 billion, or $0.60 per share, in…
The increase in the stock prices of companies that have strong cash flow and high dividends almost certainly will continue as investors look for safe havens that pay investors an actual return.…
Samsung management said the sales of its flagship Galaxy S III smartphone reached 10 million in the first two months it has been on the market. That pace may not be quite…
The three major US stock indexes opened higher this morning as investors continue to hope for more central bank stimulation in weakening global economy. These investors are probably right that something will…
Verizon Communications Inc. (NYSE: VZ) reported second-quarter results this morning that were inline with consensus estimates. Diluted earnings per share (EPS) came in at $0.64, on target with the estimate, and revenue…
U.S. markets are set to open higher, buoyed by somewhat better-than-expected earnings. Late Wednesday, IBM (NYSE: IBM) posted a higher profit and boosted its earnings target for the year. EBay (NASDAQ: EBAY)…
The three major US stock indexes opened modestly lower this morning as there was little news out of Europe and Asian markets closed mixed. Traders were waiting to hear more from Fed…
Thursday will mark yet another important day for this earnings season. The second quarter became more challenging for many companies, as we noted about so many tech warnings weighing on shares last…
Ericsson posted disappointing earnings. So did network supply firms Alcatel-Lucent (NYSE: ALU) and ZTE. Telecom firms, wireless suppliers and cable companies have retreated from increasingly higher spending habits that have ranged over several…
Sprint Nextel Corporation (NYSE: S) has witnessed a substantial recovery. In fact, its shares are now almost three-quarters of the way to having doubled off of its $2.10 low seen on January…
If you thought things were ever dicey at Cisco Systems, Inc. (NASDAQ: CSCO), the woes happening at Alcatel-Lucent SA (NYSE: ALU) are just atrocious. The sad thing to see is that what…
