Market News

Leap Wireless International Inc. (LEAP)

Deutsche Bank initiated coverage for Leap Wireless International Inc. with a recommendation of Hold.

Dec 17 · 8:33:00 PM
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by Rich Pike

Crown Castle International Corporation (CCI)

Deutsche Bank initiated coverage for Crown Castle International Corporation with a recommendation of Buy.

Dec 17 · 8:29:00 PM
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by Rich Pike

Cbeyond Inc. (CBEY)

Deutsche Bank initiated coverage for Cbeyond Inc. with a recommendation of Buy.

Dec 17 · 8:28:00 PM
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by Rich Pike

Arbinet-thexchange Inc. (ARBX)

Kaufman Bros initiated coverage for Arbinet-thexchange Inc. with a recommendation of Hold.

Dec 17 · 8:26:00 PM
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by Rich Pike

American Tower (AMT)

Deutsche Bank initiated coverage for American Tower Corporation with a recommendation of Buy.

Dec 17 · 8:25:00 PM
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by Rich Pike

AT&T (T)

Deutsche Bank initiated coverage for AT&T with a recommendation of Hold.

Dec 17 · 3:12:00 PM
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by Rich Pike

Clearwire Corporation, said today it has reached an agreement to raise $1.564 billion in new investment capital from Sprint Nextel Corporation, Comcast Corporation, Time Warner Cable Inc., Intel Corporation, Eagle River Holdings, LLC and Bright House Networks, LLC in exchange for newly issued shares priced at $7.33 per share.
Clearwire, which is building out a nationwide high-speed network, will use the cash to ease a cash shortfall that would have held up expansion plans.

Nov 10 · 11:51:00 AM · Source: Company News Release
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by Larry Etter

Sprint Nextel (S)

Sprint Nextel Corp. Monday announced the company will take actions in the fourth quarter of 2009 to reduce internal and external labor costs by at least $350 million on an annualized basis. The actions include the elimination of 2,000 to 2,500 positions within the company. The impact on geographic locations will vary, and many impacted positions will be eliminated by December 31, 2009.
Announcement boosted stock price

Nov 9 · 7:33:00 PM · Source: Company News
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by Larry Etter

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