Sprint’s Dipping Numbers Has Analysts Using the B-Word
Yesterday Sprint had a rough day on Wall Street as its shares took a bit of a beating after being downgraded by Sanford Bernstein and evaluated by analyst Craig Moffett. Taking a 4.5 percent dip to $2.76, the Now Network’s stock saw the biggest single day drop since December 14th 2011. Labeling the stock as underperforming, Moffett placed the blame on Sprint’s current debt, 4G limbo and pricey commitment to Apple’s iPhone.
To be clear, we are not predicting a Sprint bankruptcy,” he says. “We are merely acknowledging that it is a very legitimate risk. And notwithstanding a recent rally in Sprint shares, we believe that risk is rising.
Though he’s not predicting bankruptcy, it’s obvious that his firm holds influence over investors and their decision making. Moffett went on to say that Apple’s LTE iPhone is unlikely to work with Sprint’s network, which could further set the company back in its commitment to sell 25 to 30 million iPhones over four years. Whether you agree or disagree with Moffett’s claims, we’ll definitely have a much clearer picture of Sprint’s financial future once their LTE network is up and running. Until then, we’ll have to file this one under Spectrum Speculation.
Source: Bloomberg
I’ve said this no less than 100 times, both here and over at XDA, Sprint needs to get off their a** and they need to do it quick!!! They need to get rid of the entire Board of Directors and let Hesse do his thing!!! While the other carriers are doing big things with LTE and new phones everywhere, Sprint is laying in the cut poking along!! Customre Service is horrible, 3G is iffy at best, call quality and drops are issues!
It used to be the other 3 carriers did not want you unless you had a certain credit score. Now, they are more than happy to Port a Sprint number!!! The only reason I left AT&T was the $60.00 difference in my bill, But I have no problem returning!! And I’m giving Sprint until July to show some movement on the Sumsung Galaxy Note or SeeYa!
I’ve been with all carriers except Sprint. My brother is on Sprint and I’m currently on T-Mobile. Every time I call up T-Mobile I get yelled at and was once told to ETF if I didn’t like it. Every time my brother has called up Sprint, they’re helpful and fantasic! As for the 3G, Sprint disguises their 2G network as 3G on the notification bar. If you getting bad speeds, it’s probably 2G. My brother gets 1.25mbps to 1.70mbps all the time. Call quality is by far better than any GSM carrier out there. It’s a known fact that CDMA has better call quality than GSM. Currently on T-Mobile my calls sound terrible and I can barely hear people sometimes. That never happens on my brothers EVO. As for drops, I’ve never onced dropped when using my brothers EVO, which I do use a lot. Where as AT&T and T-Mobile have dropped by far more than Sprint.
Currently I’m getting 7.8MBPS to 11.5MBPS on T-Mobile’s 14.4 HSPA+, I’ve seen people get 35 on the 42 MBPS network. With uploads at 2 MBPS. The only reason I’m switching is, I’m tired of constant 2G and 1G (being on the road a lot.) Plus I don’t think T-Mobile needed to switch to LTE considering 42 MBPS gets 35MBPS and if they upgrade to 84 MBPS, I can only imagine! But all in all, Sprint has been amazing to my family. But then again, Customer Support depends on who you get.
@Nocturnal, personally, the only issue I have with Sprint is the dropped calls. When I had the Photon Rooted and Unlocked, all kind of crap would happen. Now that I put it back the phone is good, but the drops remain, even when I’m sitting in chair watching TV talking with Bluetooth. I dont know about your personal experience with Customer Service, but each time I went to store or called, I had to fight to get what I wanted corrected. Even my Evo had issues, and this is NYC!!!
I disagree with your CDMA/GSM comment. I had a HTC Fuze on AT&T and travled the world with it and I only had 2 issues in 4 years. It did not work in South Korea (WCDMA) and when I got home from Sydney I was on I80 in Central PA and had call drop after I was talking for over an hour, which is to be expcted when moving at that speed in the Mountins. The only reason I left them was to get Evo.
As for Verzion, better than Sprint, almost as good as AT&T, but I got a little hard on against them. I had a Tero 600, then 650. I wanted to pay cash for 700, but they told me no. I told them I did not want 2 year contract, I would buy the phone outright, they still told me no. I left and will never return, I don’t care how large or fast their LTE is!!!
Never had T-Mobile, but I have not heard many complaints either!
Interesting, everytime my brother had a problem with Sprint they resolved it and gave him credit. Once again, must be based on who you find on the other end. But with my AT&T iPhone 3G I had about four dropped calls a day, and on T-Mobile my Sensation 4G had about 2 dropped calls a day, and when travelling between Knoxville Tennessee and NYC, on the way I’ve had 1G if any coverage at all on T-Mobile. Personally my father uses Verizon and my Mother uses AT&T and everytime I hear about it, my father is always complaining about her phone not sounding good and dropping just about every 3 calls to him.
But at this point, I’m willing to deal with just about any provider as long as they have Unlimited Data and better coverage than cities.
>”As for the 3G, Sprint disguises their 2G network as 3G on the notification bar. If you getting bad speeds, it’s probably 2G.”
-This is not how phones work. It is too easy to put them into test mode and see exactly what they are connecting to.
Still the notification bar detects 3G when it sees 2G, just like all T-Mobile Phones detect 4G when it’s 3G.
The day Sprint entered a multi billion $ deal with a cutthroat, preditory Co like Apple. I produced it would undoubtedly end in the end of Sprint as we know it. I have been a loyal customer for over eleven years when Dan took control he did some good things. In recent years all he has accomplished is to alienate his customer base and committee financial secuide.
I left sprint because of the material change in contract. And let ne tell u something, i loved the unlimited everything data but did not like all the changes to my contract. That was enough to make me jump ship. Thats why alot of people are leaving.
I Think differently for sprint. I can see they are trying there best to stay afloat making hard and difficult decisions to sacrifice for the average service they have and honestly, still recommend it than anything. I pay less, get great customer service, never feel rushed for a bill if I simply don’t have the money, and even though my Internet isn’t the fastest in America, i still can manage to watch Netflix, full quality with no buffering at my job with no consequences from sprint because of network hogging. Seriously, i don’t want to join a prepaid service and I don’t want to pay more just for luxury. Those days are over and I’m taking what I can get right now. As for everyone, to each their own but im grateful.. Very