Rochester, NY 8/10/2009 8:17:57 PM
Sprint Nxtel Cp, S - Says few Prepaid Customers Going Contract Customers
SPRINT NXTEL CP
SPRINT NXTEL CP, S
http://WhisperFromWallStreet.com offers daily stock alerts to subscribers. Scroll to bottom of page to sign up for our free alerts newsletter.
Sprint CEO Dan Hesse said Thursday that only "a low single-digit percentage" of new prepaid customers are coming over from Sprint's more lucrative contract-based plans. Sprint Nextel Corp. roiled the wireless market in February by introducing a $50-per-month unlimited-calling plan under its prepaid Boost brand, raising fears that it would undercut its own contract-based plans.
Sprint lost 991,000 contract customers in the last quarter, while gaining 938,000 prepaying ones. In an interview Thursday, Hesse said the balance of customer growth should shift back toward contract-based plans once the economy improves. Prepaid unlimited-calling plans are cheaper than contract plans, but often lack features like fast data access.
About WhisperFromWallStreet.com
WhisperfromWallStreet.com is a FREE award winning newsletter that specializes in sending alerts to our subscribers on stocks we think are going to run, why we think so, as well as teaching you how to become a better trader. We scan hundreds of stocks a day to find those that meet our criteria and when we find one, we send you an alert.
Sign up for our FREE alerts newsletter at WhisperfromWallStreet.com
Disclaimer: Full disclaimer at http://whisperfromwallstreet.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses.Neither WhisperFromWallStreet, nor any of its affiliates are registered investment advisors or broker dealers.
http://WhisperFromWallStreet.com offers daily stock alerts to subscribers. Scroll to bottom of page to sign up for our free alerts newsletter.
