investora2z
11 years ago
The proposed acquisition by AT&T (T) has changed the game for the stock. After years of continuous declines, it has done great over the last few months. The company has been reporting losses for several years, and it carries a huge accumulated deficit. AT&T also has its own problems, and there was an article on seekingalpha which outlined the threat of competition in the near future. Players like America Movil (AMX) and Deutsche Telekom (DTEGF.PK) are offering lower cost, less restrictive prepaid and postpaid services which may hurt the company's topline growth and also put pressure on the margins. The acquisition of leap, which offers such less restrictive services (no contracts, no limits) may help, but it is important that the losses reduce so that Leap becomes a positive contributor soon. There is also indirect competition from the used phone market which is growing fast. Some of the price conscious customers go for previous version of a good quality used high end phones available through companies like Usell.com (USEL). Usell, which provides a platform for buying / selling used phones, reported excellent growth in revenues in 2013. Meanwhile, analysts are not so upbeat on Leap as the stock has already run up quite a bit. Zacks has a neutral rating with the price target at 16, and its analysts anticipate that continued loss of subscribers coupled with significant increase in promotional activities may put pressure on profitability. On the other hand, launch of smartphones coupled with the slashing of non-profitable subscribers may drive ARPU in the near future. There have been other downgrades, like those from Raymond James and Wells Fargo, mainly based on valuations. The stock has already factored a lot of short term positives, and the future is linked to the performance of the entity after the acquisition is completed.
jerseyfish
12 years ago
LEAP Wireless:
Everything You Need to Enjoy SB47 from Your Cricket Smartphone
~ Unlimited Family, Food and Cheer at Half the Price of AT&T and Verizon
~~ Big Easy Foodie Favorites for the Big Game from Cricket
SAN DIEGO, Feb. 1, 2013 /PRNewswire/ -- Cricket customers will have unprecedented access to SB47 through its starting line-up of mobile devices. Football fans from all over the country can stay connected to the excitement in New Orleans by keeping up with all the on and off-the-field action from their mobile device. Cricket customers always enjoy unlimited texting and talking but this Sunday, apps like Go NOLA, PicsArt and Instagram mean that you don't have to spend thousands to participate in the fun.
(Logo: http://photos.prnewswire.com/prnh/20120202/LA46949LOGO)
Get to the heart of the Big Easy with GO NOLA: New Orleans is the birthplace of jazz, the cocktail, the po'boy and now, GO NOLA, the Official Tourism App of the City of New Orleans. With Delicious Cajun Recipes you get all your favorite hot and spicy Cajun and Creole recipes in one app. Also, find tailgate recipes to spice up the big game. Search Mixology Drink Recipes for a big, New Orleans style cocktail that will keep the party rolling. Throwing a last-minute party for the big game? No problem, quickly download Eat24 and find, select and order food from a neighborhood restaurant.
Once the party favorites and New Orleans recipes have been ordered, share a curated experience using custom photo sharing platforms from your smartphone. Check out PicsArt - where everyone becomes a great artist! PicsArt will help you spice up your photos before you share across any platform including Instagram, an easy way to make and share photos.
It's not too late to grab a Cricket smartphone with service plans that offer unlimited everything at half the price of AT&T and Verizon. Cricket's Android OS mobile lineup, coupled with its high-quality 3G and in limited areas 4G data network, delivers the speed and performance to power any of the Apps available for Android. Cricket now offers the Samsung Galaxy SIII, Apple iPhone 5 and HTC One SV among other premium smartphones. For more information about Cricket's dynamic device lineup and no contract, prepaid plans, please visit http://www.mycricket.com.
To follow Cricket's latest news and updates online, go to Cricket's Facebook page online at http://www.facebook.com/cricketwireless and Twitter at http://www.twitter.com/cricketnation.
About Cricket
Cricket is the pioneer and leader in delivering innovative value-rich prepaid wireless services with no long-term contracts. Cricket offers nationwide wireless voice and mobile data services over high-quality, all-digital 4G LTE and 3G CDMA wireless networks. Cricket's innovative products and services, including the award-winning Muve Music® - the first music service designed for a wireless phone, are available nationwide at Cricket branded retail stores, dealers, national retailers and at www.mycricket.com. For more information about Cricket, please visit www.mycricket.com.
SOURCE Cricket
For further information: Greg Lund, Media Relations, +1-858-882-9238, glund@cricketcommunications.com
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jerseyfish
12 years ago
LEAP
Business Summary
Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the Cricket brand name in the United States. It offers unlimited local and the U.S. long distance service, and unlimited text messaging services, as well as mobile Web, 411 services, navigation, and data back-up. The company also provides BridgePay, a flexible payment option for customers to use and pay for the company?s cricket wireless service; Cricket PAYGo, a pay-as-you-go unlimited prepaid wireless service designed for customers who prefer the flexibility and control offered by traditional prepaid services; Muve Music, an unlimited music download service for mobile handsets in various cricket markets; and Cricket Broadband, an unlimited mobile broadband service that allows customers to access the Internet through their computers. In addition, it offers voice and data roaming services; and a range of handsets, including smart phones and feature phones. The company sells its cricket handsets and services through company-owned retail stores, as well as through authorized dealers and distributors, including premier dealers and local market authorized dealers; nationwide retail locations; and other indirect distributors. As of June 20, 2012, it served 6.2 million customers. Leap Wireless International, Inc. was founded in 1998 and is headquartered in San Diego, California.
Key Statistics
VABlue76
12 years ago
Did no one see this news? I didn't see it posted.
http://www.foxnews.com/scitech/2012/05/31/leap-wireless-to-sell-prepaid-iphone/
Leap Wireless International Inc. will start selling Apple Inc.'s iPhone next month, making it the first prepaid carrier to offer the popular device in the US.
The addition of the iPhone increases the reach of the popular device for Apple and brings a marquee product to Leap's Cricket service, which has been seeing customer growth slow.
The San Diego company will offer the iPhone 4S and iPhone 4 with its $55 per month wireless plan beginning on June 22. It will sell the 16-gigabyte iPhone 4S for $499.99 and the older eight-gigabyte iPhone 4 for $399.99.
Those prices are higher than offered by other larger carriers that require customers to sign a two-year contract in exchange for the subsidy that covers a portion of the phone's cost. AT&T Inc. offers a comparable iPhone 4 for $99.99 and Verizon Wireless sells a similar iPhone 4S for $199.99, according to the carrier's websites.
J.P. Morgan analyst Philip Cusick estimates that Leap will subsidize each iPhone by about $100 to $125, which is above its typical $50 to $100 smartphone subsidy.
The iPhones will come with a $55-per month unlimited talk, text and data plan, but full-speed data will only be available up to a threshold of 2.3 gigabytes a month, after which the data speed will be slowed.
Read more: http://www.foxnews.com/scitech/2012/05/31/leap-wireless-to-sell-prepaid-iphone/#ixzz1zCz7uK9F