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Piper Jaffray's Wireless Report: Subscriber Growth!
Friday, September 24, 2010 - 8:09am | 148Piper Jaffray presents a 'mixed bag' for wireless channel checks stating that: "Our third quarter wireless channel checks indicated that 3Q10 postpaid subscriber growth was better than we had originally anticipated, while prepaid was generally soft." Related companies to these checks from Piper...
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Citigroup's Teleconomy Update: Buy AMT
Friday, September 24, 2010 - 6:51am | 147Citigroup has published its Teleconomy 2010 Wireless update report, stating: "We are refreshing our valuation framework given the prospect for the tower stocks to benefit from: 1) the increasing likelihood for tower companies to retain tax efficiency by using a REIT structure beginning with...
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An Interesting China/Asia Pacific ETF You're Not Hearing About
Friday, September 24, 2010 - 6:02am | 259Despite the fact that it hit a new 52-week high earlier this week and that it offers investors exposure to sexy markets such as China, India, Malaysia and Thailand, the SPDR S&P Emerging Asia Pacific ETF (NYSE: GMF) has certainly been flying under the radar. That's somewhat odd when considering...
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Top 4 Stocks In The Telecom Services–Foreign Industry With The Highest Dividend Yield (MTA, NZT, FTE, PHI)
Friday, September 24, 2010 - 5:22am | 127Below are the top telecom services-foreign stocks on the NYSE and the NASDAQ in terms of dividend yield. Magyar Telekom Telecommunications Public Limited Company (NYSE: MTA) has a dividend yield of 10.10%. MTA's shares closed at $15.98 yesterday. Telecom Corp. of New Zealand Ltd (NYSE: NZT) has a...
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Leap Wireless Announces the Retirement of Chief Operating Officer
Thursday, September 23, 2010 - 7:51am | 41Leap Wireless International, Inc. (NASDAQ: LEAP) earlier today announced the retirement of Al Moschner, chief operating officer, effective as of the earlier of December 31, 2010 or the date on which a successor is appointed.
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Millicom International Cellular - Growth & Income
Thursday, September 23, 2010 - 2:09am | 366Millicom International Cellular (MICC) recently hit a 52-week high of $102.72. Anyone looking for a play on emerging or frontier markets should consider this stock. Company Description Millicom International Cellular provides prepaid cellphone services in 13 markets throughout Latin America and...
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Rogers Communications Prices $900 Million Offering at $999.45 per Note
Wednesday, September 22, 2010 - 1:12pm | 87Rogers Communications Inc. (NYSE: RCI) announced today that it has priced an offering of $900 million aggregate principal amount of 4.70% Senior Notes due 2020. The Senior Notes were priced at $999.45 per $1,000 principal amount, for an effective yield of 4.707% per annum if held to maturity. The...
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Oppenheimer Discusses Telecom Industry
Wednesday, September 22, 2010 - 9:22am | 234Verizon (NYSE: VZ) Business announced that the U.S. Department of Health and Human Services awarded it a $169M contract to manage and secure the agency's IP and data networks. Verizon Business had been providing services under the GSA's Federal Telecommunications Service 2001 (FTS2001) contract,...
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SKM to Enter LightSquared Venture - Analyst Blog
Tuesday, September 21, 2010 - 3:15pm | 906SK Telecom Corp. Ltd. Co. (SKM), the largest wireless carrier of South Korea, is again trying its luck in the nearly saturated but lucrative U.S. wireless market. The company has decided to invest in the LightSquared venture, which is trying to become a U.S. wholesale wireless operator...
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TeleNav Extends Contract With Sprint
Tuesday, September 21, 2010 - 8:27am | 202TeleNav, Inc. (NASDAQ: TNAV) has announced a re-negotiation with its contract with Sprint (NYSE: S) that has been extended through December 31, 2012, according to JP Morgan. JP Morgan writes "TNAV will remain Sprint's preferred navigation supplier through December 31, 2012 (previously December 31,...
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TeleNac Surges On New Sprint Contract
Tuesday, September 21, 2010 - 8:17am | 110In a recent report by Deutsche Bank, TeleNav (NASDAQ: TNAV) announced they have signed a new contract with Sprint (NYSE: S), its largest customer. Under the new terms, Sprint will pay TeleNav a fixed fee over the period of the contract. The contract has been extended until 2012 and Sprint cannot...
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Fast Money Picks For September 21st (TAL, MBT, DD, NKE, CVS)
Monday, September 20, 2010 - 7:14pm | 200On CNBC's Fast Money, Joe Terranova recommended investors to buy NIKE, Inc. (NYSE: NKE) on Tuesday. NIKE, Inc. (NKE) gained 1.44% today. Karen Finerman wants to buy CVS Caremark Corporation (NYSE: CVS), because its valuation is very cheap. CVS Caremark Corporation (CVS) gained 1.58%, and closed at...
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Key S&P Levels -- 1126 & 1147 09-20-2010
Monday, September 20, 2010 - 7:02pm | 746Cusick's Corner This market appears to be trying to get the pendulum swing to the upside -- key S&P levels to watch are 1126 support and 1147 resistance. If the market breaks the 1126 level, this could signal a deeper pullback. But if the market can accelerate to 1147 on the SPX, this would be...
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TeleNav Announces Amendments to Sprint and Tele Atlas Agreements; Will Update Guidance
Monday, September 20, 2010 - 4:09pm | 89TeleNav, Inc. (Nasdaq: TNAV) today announced that the Company entered into amendments to its Master Application and Services Agreement with Sprint (NYSE: S), its largest customer, and its License Agreement with Tele Atlas, a supplier of map and point of interest content used in TeleNav's services....
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Dips Being Met with Bids 09-20-2010
Monday, September 20, 2010 - 3:16pm | 778Cusick's Corner Every dip is being met with a bid at this stage. Even though this market is at resistance and in some cases at an overbought stage, do not let that fool you into thinking that it cannot continue. The afternoon action could be interesting – this bid may squeeze the shorts and...