Sprint Nextel Corporation (NYSE:S) Disappoints Research In Motion Ltd (NASDAQ:BBRY) on BlackBerry’s Z10 Model

SprintSprint Nextel Corporation (NYSE:S) disappoints Research In Motion Ltd (NASDAQ:BBRY) on the move in which it declared it will be the only main U.S. carrier which is not to offer BlackBerry’s novel flagship Z10 phone at what time it unveilings this month, choosing as an alternative to wait for the keyboard-equipped Q10.

A spokesman for the Overland Park, Kansas-based carrier, Mark Elliott stated that Sprint intends to propose the Q10 in a while this year. That model has a physical keypad, in addition to a smaller touch screen.

Elliott added that they aren’t declaring there’s anything diverse about their customers. They believe their customers will be pleased with the QWERTY keyboard as well as touch screen on the Q10.

Shares of BlackBerry, previously called Research In Motion Ltd. (BBRY), plunged 0.8% to $13.26 in last trading hour at the close in New York. Sprint’s stock was unmoved yesterday at $5.80.

On the other hand other big U.S. carriers , AT&T Inc. (NYSE:T), Verizon Wireless (NYSE:VZ)and T-Mobile USA have shaped sign-up pages for customers interested in receiving e-mail alerts about the availability of the BlackBerry Z10.

Let’s have a short overview of the financial highlights of the stock, shares of Sprint recorded no change for the day to settle at $5.80 on March 1, 2013.

Sprint Nextel Corporation is associated with S&P 500 with 40,000 employees. Sales of Sprint Nextel Corporation were 35.35 Billion with net income of -4325.00 million.

Sprint Nextel Corporation stock surged during the trade to the maximum level at $5.83 and at the lowest level of $5.75 after opening price of $5.80. Sprint Nextel Corporation has earning per share of $-1.44 while it has 3.00 billion shares outstanding with institutional ownership of 89%.

The price to sales ratio of Sprint Nextel Corporation in past twelve months was calculated as 0.49 and price to cash ratio remained 2.13. While retunes ratios are concerned, the Sprint Nextel Corporation return on equity ratio is recorded as -46.72% and decreased -10.11% return on investment while its return on asset remain -8.57%.

6 Responses to “Sprint Nextel Corporation (NYSE:S) Disappoints Research In Motion Ltd (NASDAQ:BBRY) on BlackBerry’s Z10 Model”

  1. Don Johnson says:

    Half truths are just lies, why would Erin Rice not tell the whole story? Sprint is in bed with Apple, they committed to 15 million iphones, they cannot afford to sell Z10′s. Guess who’s bottom.

    • John Bernard says:

      Yup Sprint is the one that got the wrong end of the deal here and not Blackberry!!!! Their already losing clients over this decision and watch what happens when the Z10 becomes available in the U.S. from other carriers.

  2. Frank says:

    Looks like its time to short sprint.

  3. Miguel says:

    Sprint is famous for making bad decisions.

    Not the least of which is jumping on the iPhone bandwagon after it has peaked, and making it almost exclusive too.

  4. dave says:

    there are enough I-Phones in the market with out selling knockoffs of the I-phone. why would BB copy the I-phone it the first place?? that might be the reason that sprint is mad.

  5. Domprime says:

    Its no surprise that Sprt/Nextel isn’t on board. They have a phone network that uses a separate phone network. And at this point has been left aside in the mainstream internet environment. Struggling for relevance as its conserving cash. Stock price very low, as well? Must be lots of pressure on that end cash flow wise. Better move for Blackberry to go with something more direct like ATT, Verizon, T-Mobile. They will create direct internet marketing as well. which will be formidable. And with the right product for this time. Great Job BB/RIM.

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