The WSJ headlines are rocketing Sprint Nextel’s stock. Apple held off with only using AT&T Inc. (NYSE: T) for so long, that everyone wanted to know when Verizon Communications Inc. (NYSE: VZ) would be able to get in on the game. We all know now that Verizon did finally get its foot in the door earlier this year.
Maybe it is just a matter of time before Sprint gets the iPhone, any version of it. There may also be nothing to it. What is certain is that this would give Sprint a reason to finally bring in the traffic back to its stores. The company certainly has the network capacity to handle it.
Sprint shares are up 9.5% at $3.57 today and the 52-week range is $2.98 to $6.45. As a reminder, all rumors of this nature should be treated as nothing more than rumors until further confirmation is out from the companies.
JON C. OGG
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