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Gabelli Says Sprint Nextel is the Loser In the AT&T / T-Mobile USA Deal
Tuesday, March 22, 2011 - 9:14am | 158In a report published by Gabelli, with AT&T and Deutsche Telekom considered main winners in the proposed AT&T's acquisition of T-Mobile USA, Sprint Nextel (NYSE: S) was yesterday viewed by investors as a consensus “loser” from this deal, with the stock declining $0.69 or 13.6% on Monday....
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Mike Khouw's Sprint Nextel Corporation (S) Trade
Tuesday, March 22, 2011 - 8:21am | 148On CNBC's Options Action, Mike Khouw suggested an options strategy in Sprint Nextel Corporation (NYSE: S). This stock closed sharply lower on Monday, on the news that AT&T Inc. (NYSE: T) is buying T-Mobile USA. Mike Khouw said that he noticed some activity in April and May call options. The...
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Deutsche Bank Reports On LEAP Net Adds
Tuesday, March 22, 2011 - 8:15am | 95Deutsche Bank has published a report on the pre-announced net adds of Leap Wireless (NASDAQ: LEAP). In the report Deutsche Bank writes, "On Monday after the close, Leap Wireless (LEAP) pre-announced 1Q11 consolidated net adds of approximately 300k, well above our estimate of 170k (+200k voice and...
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Benchmark Capital Comments On AT&T, T-Mobile Acquisition
Tuesday, March 22, 2011 - 8:02am | 259AT&T (NYSE: T) and T-Mobile run the same network technology so network consolidation is feasible. AT&T may remove cell sites on towers where both AT&T and T-Mobile have equipment. The percentage of rental revenue at risk due to possible site decommissioning for American Tower (NYSE: AMT...
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Piper Jaffray Comments On LEAP Pre-Announcement
Tuesday, March 22, 2011 - 7:28am | 115Piper Jaffray Comments On LEAP Pre-Announcement Although the first quarter has not yet wrapped up, Leap Wireless International Inc. (NASDAQ: LEAP) pre-announced expectations for 1Q11 results, Piper Jaffray reports. “Subscriber metrics are better than expected, but we believe the company intimated...
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Goldman Sachs Takeaways From AT&T/T-Mobile Deal (T)
Tuesday, March 22, 2011 - 7:26am | 135Goldman Sachs Takeaways From AT&T/T-Mobile Deal (T) Investor feedback on AT&T's (NYSE: T) planned acquisition of T-Mobile has generally been fairly consistent, “including the belief that this deal is logical and plays into AT&T's strong acquisition track record,” Goldman Sachs reports...
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Cellular Catastrophe: AT&T And T-Mobile (T)
Monday, March 21, 2011 - 4:43pm | 1055It's Merger Monday again. If all goes as planned, tomorrow could be Terrible Tuesday, followed by Wacky Wednesday and Tenacious Thursday. Now that AT&T (NYSE: T) has announced its plans for world domination, consumers are left to wonder about the future of cellular phones. Despite the advent...
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Leap Expects Net customer Additions of 300,000
Monday, March 21, 2011 - 4:09pm | 219Leap Wireless International, Inc. (Nasdaq: LEAP) today announced that members of Leap management, including Doug Hutcheson, Leap's president and chief executive officer, and Walter Berger, Leap's executive vice president and chief financial officer, will discuss current trends and developments in...
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Merger Announced 03-21-2011
Monday, March 21, 2011 - 4:02pm | 882Cusick's Corner Earlier this morning optionsXpress and The Charles Schwab Corporation announced that they agreed to merge. I am excited about the new offerings and opportunities that may come from this merger. With that said, M&A is on the rise (see Bullish Flow) and blue chips are under...
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American Tower Corporation Releases Information Regarding Contemplated Acquisition of T-Mobile by AT&T
Monday, March 21, 2011 - 3:35pm | 150American Tower Corporation (NYSE: AMT) today released information about its business in light of AT&T's (NYSE: T) contemplated acquisition of T-Mobile USA, which is subject to regulatory approval. For the year ended December 31, 2010, AT&T and T-Mobile accounted for approximately 20% and 8...
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Sprint Trading Significantly Lower Today
Monday, March 21, 2011 - 11:07am | 55Sprint (NYSE: S) is trading significantly lower today. At the time of posting, shares of S were trading at $4.35, down 13.86% from Friday's close. Sprint is trying to find alternative arrangements after AT&T's (NYSE: T) acquisition of T-Mobile USA.
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Options Brief: Leap Wireless International (LEAP)
Monday, March 21, 2011 - 11:01am | 97Shares of Leap Wireless International (NASDAQ: LEAP) are higher on the session by 13.01%, trading at $13.72. Overall call volume is now running at 2.33x the daily average, with 67% of all calls traded being purchases on the offer. 3,083 contracts have traded on the session so far. Leap Wireless...
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Benzinga's Volume Movers (OXPS, VRGY, LEAP, NNBR)
Monday, March 21, 2011 - 10:49am | 205optionsXpress Holdings Inc (NASDAQ: OXPS) shares moved up 14.94% to $17.62 at 10:48 am. The volume of OXPS shares traded was 2378% higher than normal. Charles Schwab Corp (NYSE: SCHW) announced its plans to acquire OXPS in a stock-for-stock deal valued at around $1 billion. Verigy Ltd (NASDAQ:...
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Trading The Losers From The AT&T T-Mobile Deal (CCI, SBAC, AMT, S, DTV, DISH)
Monday, March 21, 2011 - 8:28am | 260Yesterday we saw the announcement of a merger between AT&T (NYSE: T) and T-Mobile, a subsidiary of Deutsche Telecom. We've already heard of who wins in this deal, but who loses? The tower names are likely to see downside pressure today, and could be a good shorting opportunity. America...
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Benzinga's Top Pre-Market Losers (S, XNPT, AMT, FSLR)
Monday, March 21, 2011 - 8:24am | 134Sprint Nextel Corporation (NYSE: S) dipped 10.50% to $4.52 in the pre-market session. Google Inc (NASDAQ: GOOG) and Sprint announced plans to integrate their voice services. XenoPort Inc (NASDAQ: XNPT) fell 10.04% to $6 in the pre-market session. XNPT reported that it will stop development of its...