Sprint Nextel Corp

Root Wireless, a Bellevue, Washington-based startup making online maps that show how the four major wireless networks perform in major cities, has raised more than $3 million in new funding, according to a filing with the Securities and Exchange Commission. Root Wireless spokesman Mike Brennan confirmed the new funding but declined to specify the amount, saying it would be announced Monday. He described it as an oversubscribed Series B round.  

WiMAX ( News - Alert ) , the Broadband Wireless MAN reports on the WiMAX industry and global market. Its 18-page, succinct Executive Summary addresses key WiMAX applications, standards, major WiMAX investors and their vested interests, WiMAX impact on evolving Wi-Fi, the appeal of the 700 MHz band auctioned by the FCC, WiMAX evolution, the WiMAX Forum ( News - Alert ) and its mission, and a five-year WiMAX market forecast. Abundant tables and illustrations facilitate an at-a-glance, clear understanding of  

Of all the drivers competing in NASCAR's Sprint Cup Series, Mark Martin just may be the only one who has the right perspective on racing. I've touched on this before, but so much emphasis is placed on a championship that individual races seem to blur. Who wins the race is no longer what matters to the media.  

Shares of Dell Inc. fell Nov. 20 after it reported weaker-than-expected revenue and profit for the third quarter as the computer maker missed out on a fledgling rebound in technology spending. After the close of trading Nov. 19, Dell reported a net income of $337 million, or 17 cents per share, compared with $727 million, or 37 cents a share, in the same period a year ago. Excluding one-time items, Dell posted earnings of 23 cents per share.

sizable" gap between what the company reported that conforms to official accounting principles and its pro forma profit excluding certain one-time items. Companies issue pro forma earnings to separate out charges and gains that cloud its true operating performance. But it could be used too aggressively to dress up flagging profits.   -Shaw Wu

 

Wireless carriers and retailers have been promising a wide array of low-priced gadgets beyond smartphones that will hit the market soon, taking advantage of faster wireless networks. The list of devices ranges from dedicated e-readers to advanced GPS units. There will also be more mobile routers, similar to the pocket-sized MiFi mobile device from Novatel Wireless that can connect up to five Wi-Fi enabled devices to a wireless CDMA 1x EV-Do Rev A network.  

Moody's today downgraded its corporate family rating on Sprint Nextel (S) to Ba2 from Ba1 "because the company's ability to stem the deterioration of its earnings is taking longer than originally anticipated." As a result, Moody's added, "the company's leverage is likely to deteriorate before stabilizing at much weaker levels than previously expected." The rating agency added that the outlook for the company's ratings is negative.

because the company’s ability to stem the deterioration of its earnings is taking longer than originally anticipated.   -Moody's

 

 

Sprint (S) has announced a new approach to simplify how small businesses select mobile devices and plans. Whether just starting a new business, expanding with new employees or upgrading to the latest devices and mobile technology, Sprint offers a range of options for small businesses to "cut the cord" and take their offices to virtually wherever they need to conduct business. This follows Sprint's recent announcement of the formation of its Small Business specialty team to sharpen the company's focus on  

Moody's Investors Service on Friday downgraded its corporate family rating on Sprint Nextel Corp. to Ba2 from Ba1, saying the wireless-services provider's ability to stem the deterioration of its earnings is taking longer than it had originally anticipated. The agency said the company's leverage, therefore, is likely to deteriorate before stabilizing at much weaker levels than previously expected. The outlook for Sprint Nextel's ratings is negative.