InfoAnda - Sprint shares dive on cash worries |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Argentinean Grandma To Face Charges For Growing Two Marijuana Plants | 10 March 2010
Philippines clears two clan members of massacre | 18 April 2010
UK comedy actress Mollie Sugden dies at 86 | Entertainment | | 2 July 2009

Ex-Serbian president acquitted of Kosovo war crimes | International | | 27 February 2009

Forum Views () Forum Replies ()

Read more with google mobile : Sprint shares dive on cash worries |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Jack Shafer Breakingviews David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft John Wasik Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker MuniLand Money Money Home Analyst Research Global Investing MuniLand Reuters Money Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) VIDEO Monitoring improves embryo selection Budapest-based Primo Vision allows IVF clinics to select the most viable embryo to implant in the mother's womb without subjecting it to any increased stress while also preventing unwanted multiple births. Video Tsunami rescue pod walks on water Felix Salmon: Why we loved Steve Jobs Neighbors and mourners pay tribute to Jobs Electronic Arts' "FIFA 12" videogame Navy embraces biofuelled future Follow Reuters Facebook Twitter RSS YouTube Read Egypt Christians vent fury after clashes kill 25 | 1:55pm EDT California bans use of tanning beds by minors 09 Oct 2011 Libya forces corner Gaddafi loyalists in Sirte | 4:42pm EDT Special report: China's debt pileup raises risk of hard landing 11:30am EDT Liberal maverick to push for secular Poland after win 12:38pm EDT Discussed 268 Secret panel can put Americans on ”kill list’ 162 California governor signs controversial ”Dream Act” 141 Senate takes first step on China yuan bill Watched Rihanna's "inappropriate" outfit halts music video Tue, Sep 27 2011 Japanese inventor buoyed by demand for tsunami rescue pod Fri, Oct 7 2011 Nineteen killed as Egypt Christians, police clash Sun, Oct 9 2011 Sprint shares dive on cash worries Tweet Share this Email Print Related News Sprint seeks to raise capital; investors flee Fri, Oct 7 2011 Apple stumble seen opening door for rivals Wed, Oct 5 2011 New Apple iPhone fails to wow investors, fans Wed, Oct 5 2011 Sprint confirms plan to sell iPhone Tue, Oct 4 2011 AMR seen pressured, but not ready for bankruptcy Tue, Oct 4 2011 Analysis & Opinion Get a grip, models! Tech wrap: Samsung closing in on Apple? Related Topics Technology » Hot Stocks » Asian Markets » Media » A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York July 30, 2009. . Credit: Reuters/Brendan McDermid Mon Oct 10, 2011 1:35pm EDT (Reuters) - Sprint Nextel shares (S.N) fell 8 percent on Monday as analysts slashed their forecasts for the No. 3 U.S. mobile operator, which said last week that would have to raise new capital. Sprint shares fell 20 cents to $2.21 after analysts cut their price targets for the stock and forecast free cash flow losses. S&P gave Sprint debt a "watch negative" rating. The company discussed a costly network upgrade plan at a conference on Friday, telling investors that it would need to tap capital markets, even before accounting for big additional costs it expects from subsidizing sales of the new Apple Inc (AAPL.O) iPhone. [ID:nN1E7960J0] UBS analyst John Hodulik estimated that Sprint would incur a free cash flow loss of $2.5 billion over the next two years and worried how it would pay for upcoming debts. "The next two years will be a transition period for Sprint as it absorbs the costs of the iPhone and rebuilds its network," said Hodulik, who cut his price target for the stock to $2.75 from $4. JPMorgan cut Sprint Nextel to "neutral" from "overweight" and said management would have to rebuild confidence among investors. [ID:nL3E7LA1ZC] Sprint reported liquidity of $5.3 billion at the end of the second quarter, including $4.3 billion in cash and $900 million of borrowing capacity under its revolving credit facility. Chief Financial Officer Joseph Euteneuer told investors on Friday that the company could reduce its cash balance, raise more capital or tap its existing credit facility to help meet ballooning costs next year. Hodulik questioned whether it would make sense for Sprint to pay today's steep interest rates to refinance $2.3 billion of its debt that is due for repayment in March. But he said its alternatives -- using a huge chunk of cash to pay off the debt or using its credit facility -- would not be attractive prospects either. "This would cut its cash reserve almost in half as it goes into a 12-month period where we expect it to lose $2.5 billion in free cash flow over the next two years," Hodulik said. "While the company could tap its credit facility if required, this would be a bad day for shareholders." These costs were only the beginning, he said. "We stress that this level of scrutiny is required of the company's cash flow even before we consider any cash needs for its 4G strategy beyond mid-2014," Hodulik said. Monday's share move followed a 20 percent drop in Sprint's share price on Friday. (Reporting by Sinead Carew. Additional reporting by Sumit Jha in Bangalore. Editing by Robert MacMillan) Technology Hot Stocks Asian Markets Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 11 October 2011
At least 10 killed in Baghdad blasts: police |
French Socialist primary set for tight runoff |
U.N. council aims for Yemen vote by next week: envoys |
Analysis: Chavez cancer saga keeps Venezuela guessing |
Italian ship attacked by pirates off Somalia |
Facebook releases iPad app |
BlackBerry has outages in Europe, Africa, India |
Apple employee celebration of Jobs next week |
Sprint shares dive on cash worries |
India to allow consolidation in crowded cellular sector |
Romantic Kazakh epic film aims to woo the young |
Ready for movies in the cloud? Studios bet you are |
Libya forces corner Gaddafi loyalists in Sirte |
Official Myanmar body urges release of prisoners of conscience |
Torture rife in Afghan detention facilities: U.N. |
Ukraine court says ex-PM guilty of exceeding powers |
Rockets fired at Pakistan governor's rally |
Clashes kill 31 in Syria, EU hails opposition body |
Netanyahu tells Ashton happy to meet Abbas |
China rural migrants young, restless and online: report |
Queen's visit leaves Australian republic a distant dream |
RIM restores BlackBerry services day after outage |
Sony plans no announcement on TV restructuring: CFO |
Marketers struggle to harness social media: survey |
Wal-Mart, Facebook unveil partnership |
Noah may mean difference between life and death |
Hank Williams Jr. lashes out at media in new song |
Burton-Taylor romance puts sparkle in diamonds auction |
Ready for movies in the cloud? Studios bet you are |
Ukraine jails Tymoshenko for seven years |
Polish PM rules out radical reforms after poll win |
World intrigued by Occupy Wall Street movement |
France's Hollande slips in first post-primary poll |
Egypt to re-try Copt army critic on hunger strike |
Former News Corp executive recalled to hacking hearing |
Three peacekeepers killed in Sudan's Darfur |
British, U.S. forces free hijacked ship |
BlackBerry users suffer fresh outage |
Mobile plans and economy to shade Google earnings |
Microsoft competitor Box lands $81 million funding |
Spotify makes a loss despite strong customer demand |
Jaguar says support grows for a RIM shake-up |
ARRIS to pay 76 percent premium for BigBand Networks |
NYSE website inaccessible for 30 minutes Monday: monitor |
Hungarian police seize weapons from Brad Pitt film |
Exclusive: Angelina Jolie visits Libya to show solidarity |
The Thing returns to movie theaters |
France counts down the days for Bruni-Sarkozy baby |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01