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 …

Sprint Nextel (S) reported third-quarter 2009 results with net loss per share of 17 cents, exceeding the Zacks Consensus Estimate of 15 cents and the year-ago loss per share of 11 cents. The third-largest US wireless carrier posted a net loss of $478 million, 47% more than the net loss of $326 million reported a year ago. Sprint remains significantly challenged by the volatile economic backdrop, which has contributed to the sustained decline in the wireless subscriber base and associated revenues. Operating revenue fell 9% year over year to $8 billion due to lower contributions from its wireline and post-paid wireless businesses. The company reported adjusted OIBDA of $1.5 billion for the quarter, down 17% year over year, due to decreased operating revenue partly offset by lower SG&A expenses. Wireless Consolidated revenue from the wireless segment was $6.9 billion, down 8% year over year, ...

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PowerSafe Technology Corporation (PSFT.PK) subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.

ADA-ES, Inc. (NASDAQ:ADES) today announced that Michael D. Durham, President and CEO and Mark McKinnies, Senior Vice President and CFO will present at the Wedbush Morgan

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America Movil (AMX) reported results for third-quarter 2009 with earnings per ADS of 86 cents edging past the Zacks Consensus Estimates of 85 cents while increasing 22.6% from the year-ago earnings per ADS of 70 cents. Net profit surged 50.6% year over year to 18.7 billion pesos (US$1.4 billion) or 0.57 pesos per share. This healthy growth was fuelled by higher revenue and lower financing costs which fell 82.5% year over year due to gains stemming from favorable exchange rate swings.  Revenue & EBITDA Latin America’s largest wireless carrier continues to register a double-digit revenue growth as evident from the 16.9% year over year increase in consolidated revenue in the quarter to 99.8 billion pesos (US$7.5 billion), driven by 19.5% growth in service revenue. Revenue growth was supported by healthy business momentum across 3G wireless and broadband Internet businesses.  Consolidated EBITDA for the quarter was 40.4 ...

Renewed fears that the global economic recovery is faltering shook investors across Asia, sending stock markets in the region sharply lower Thursday.  The Nikkei fell below the 10,000 mark for the first time in three weeks.  Dollar and yen rose as hedge funds sold off risky positions and traders trimmed their appetite for risk. 

The Nikkei 225 stock average fell 1.8% to 9,891.10 and Hong Kong’s Hang Seng index plunged 2.3% to 21,264.99 points. In Mainland China, the Shanghai Composite Index dropped 2.3% to close at 2,960.47.  All other major indices in the region ended in the red.   

On Wednesday, US stocks tumbled after a weaker-than-anticipated new home sales report aggravated concerns that the seven-month old rally has gone ahead of any economic recovery.  To add to the bearish sentiment Goldman Sachs lowered its projection for the third-quarter gross domestic product.  The government's report on third-quarter GDP is due

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Palm Inc.’s (PALM) new smartphone called Pixi, a lighter and cheaper version of the Palm Pre will be available via Sprint Nextel Corp. (S) beginning Nov 15 for just $99.99. The phone will come with a two-year contract after a $50 instant rebate and a $100 mail-in rebate. The phone will also be available through Best Buy (BBY), RadioShack (RSH) and Wal-Mart (WMT) stores.   Palm’s Pixi runs on Palm's WebOS. The phone has many features including 8 gigabytes of built-in memory, an exposed QWERTY keyboard and personalization features. However, it does not support Wi-Fi capabilities.   Alhough Palm has priced the Pixi competitively to attract more customers, we remain unsure about the future of Pixi. Amazon (AMZN) currently sells the Pre with a two-year contract at just $99. Sprint started selling the Pre smart phone in June and currently sells it for ...

Sprint Nextel (S), the third-largest U.S. wireless carrier, announced the acquisition of its wireless affiliate iPCS Inc. (IPCS), which is expected to end the long legal battle between the two entities. Based in Schaumburg, Illinois, iPCS exclusively markets wireless services under the Sprint brand across 81 markets in several Midwestern states   The deal represents the latest in a series of acquisitions of its affiliates by Sprint. Acquisition of iPCS leaves just two remaining affiliates (out of the original ten), Swiftel and Shentel. Both of them are small privately-held operators with limited subscriber base.   Under the agreement terms, Sprint will commence a cash tender offer to acquire all outstanding shares of iPCS Inc for $24 per share, representing a 34% premium to iPCS’s closing price on Oct 16. Sprint will make a cash payment of approximately $426 million for the acquisition, and will assume $405 million ...

Sprint Nextel (S) has further expanded its fourth-generation (4G) wireless broadband network coverage to ten more U.S. markets. The third largest US carrier has officially launched commercial services in Salem (Oregon), Milledgeville (Georgia) and Texas cities of Amarillo , Killeen-Temple, Corpus Christi , Lubbock , Waco , Wichita Falls , Abilene and Midland-Odessa. This follows Sprint’s 4G service launches in Atlanta, Portland and Las Vegas in August 2009.   Sprint offers its 4G service under the "Sprint 4G" brand and leverages the WiMax (a mobile broadband technology) network operated by Clearwire Corp. (CLWR) in which it holds 51% stake. 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 averages 3-6 megabits per second (Mbps) with peak speed exceeding 10 Mbps.    Subscribers across the newly launched markets can now ...

For Immediate Release

Chicago, IL – October 8, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Verizon (VZ), Google (GOOG), Apple Inc (AAPL), Deutsche Telecom (DT) and Sprint (S).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Wednesday’s Analyst Blog:

VZ & Google Seal Android Pact

Verizon (VZ) reportedly partnered with search engine giant Google (GOOG) to develop and market mobile devices and applications based on the Android wireless software platform. Android-based mobile handsets developed through this collaboration will be available on Verizon’s high-speed wireless network. Financial terms

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International Aerospace Enterprises, Inc. (OTCBB: IARO) today announced that IARO’s President Saffet Uslu has returned to the US from a successful Middle East sales and marketing trip. During the trip he had an opportunity to meet with governmental agencies, commercial companies working with military aircraft spare parts projects, and private marketing companies who have all voiced an interest in joining IARO’s Strategic Worldwide Sales and Marketing Program.

Center Bancorp, Inc. (Nasdaq:CNBC), parent company of Union Center National Bank

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