Sprint Nextel (S) has expanded its fourth-generation (4G) wireless broadband network to two more US cities. The third largest US carrier has officially launched commercial services in San Antonio and Austin in Texas. The company’s 4G services now covers about 25 markets in the US, with plans to address more than 120 million people by the end of 2009.
 
Subscribers across the newly launched markets can now enjoy lightning fast mobile broadband experience by paying just $10 per month over their existing 3G wireless data plans. The 4G WiMax network offers up to 10 times faster network speeds than the existing 3G deployments. The download speeds enabled by the 4G WiMax network average 3−6 megabits per second (Mbps), with peak speeds exceeding 10 Mbps.  
 
Sprint offers its 4G service under the “Sprint 4G” brand and leverages the WiMax (a mobile broadband technology) network operated …

RadioShack Corp. (RSH) announced its third quarter results today. Net revenues came in at $990 million, down 3.1% year over year. However, this was better than the Zacks Consensus Estimate of $981 million. The year-over-year reduction in sales is primarily due to a 2.9% decline in comparable same-store sales for company-operated stores and kiosks in the reported quarter compared to the prior-year quarter.   Segment wise, revenues from company-operated store declined 3.5% year over year, Kiosks sales declined 17.8% year over year, whereas revenues from Other services increased 13.5% year over year. Acquisition of RadiosShack de Mexico in December 2008 has significantly contributed to the Other services segment. Product category wise, sales declines in digital-to-analog converter boxes, laptop computers, batteries, wireless accessories, and GPS products.  On the other hand, the company generated increased revenues from Sprint Nextel Corp. (S) postpaid wireless business, increased sales of prepaid wireless handsets ...