InfoAnda - MetroPCS warns on subscriber numbers |

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

Northern Afghan violence undercuts US supply route | 26 September 2009
Uganda opposition leader injured during protest | | 14 April 2011
Refugees still vulnerable in Southern Kordofan | 30 September 2011

On-stage fire cuts short Rihanna concert | 12 July 2011

Forum Views () Forum Replies ()

Read more with google mobile : MetroPCS warns on subscriber numbers |

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 Breakingviews George Chen Bernd Debusmann Gregg Easterbrook James Pethokoukis 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) Editor's Choice U.S. says insurers must fully cover birth control Government hankers for hackers Analysis: Gas engines at center of efficiency drive Heat, thunderstorms and tropical storms on tap U.S. nuclear fund for waste, not deficit: panel TV product placement a junk food ad loophole Exclusive: Nine Google complainants in EU probe Himalaya glaciers shrinking on global warming Reuters Money: Consumer-driven health plans Video: Japan's quake back to life on giant globe Follow Reuters Facebook Twitter RSS YouTube Read Putin says U.S. is "parasite" on global economy 01 Aug 2011 High heat in the Midwest and South, tropical storm approaches 12:48pm EDT U.S. avoids default but fails to dispel economy fears | 4:34pm EDT Debt deal doesn't dispel downgrade fear | 12:40pm EDT Special report: In Breivik's past, few clues to troubled future | 1:35pm EDT Discussed 225 Putin says U.S. is a ”parasite” on global economy 216 Vote delayed on debt bill as default date looms 167 Debt compromise eyed under deadline squeeze Watched Scientists warn of "Planet of the Apes" scenario Sat, Jul 30 2011 Japan's quake brought back to life on giant globe 2:12am EDT House votes 269 to 161 to raise debt ceiling 10:03am EDT MetroPCS warns on subscriber numbers Tweet Share this Email Print Related News UPDATE 4-Cognizant eyes strong growth while Indian IT rivals fret 11:30am EDT UPDATE 4-OfficeMax beats, raising hopes for office chains 11:23am EDT Amgen results beat Street; Xgeva sales strong Fri, Jul 29 2011 UPDATE 5-Samsung profit outlook weakens on chips, mobiles strong Fri, Jul 29 2011 Motorola product delay, tablet margins to hurt Q3 Thu, Jul 28 2011 Analysis & Opinion Tech wrap: Android continues world conquest Tech wrap: Now in your Twitter stream – ads Related Topics Technology » Media » By Sinead Carew NEW YORK | Tue Aug 2, 2011 12:33pm EDT NEW YORK (Reuters) - MetroPCS Communications Inc (PCS.N) lost about a third of its market value on Tuesday after it reported quarterly earnings that missed Wall Street expectations and warned that already-weak second-quarter subscriber numbers would worsen in the current quarter. MetroPCS, a provider of wireless services to cost-conscious consumers, said it was having a tough time holding on to customers, who are particularly vulnerable in a weak economy. Still, the company said it planned to boost network spending to support heavy data use by some customers. MetroPCS shares fell as much as 35 percent and its market capitalization fell to as low as $3.75 billion from $5.8 billion after the news. The shares of rival Leap Wireless International Inc (LEAP.O) dropped as much as 18 percent as investors worried it could also report weak results on August 3. MetroPCS reported a net 198,810 new customers in the second quarter, short of the 248,400 average forecast of five analysts surveyed by Reuters. The company, whose rivals also include Sprint Nextel Corp (S.N), said its customer defection rate, also known as churn, rose to 3.9 percent from 3.3 percent in the year-earlier quarter and it warned churn would likely rise in the current quarter. Unlike companies offering higher-priced post-paid plans, MetroPCS does not require long-term contracts for its unlimited use wireless service. This means customers can drop its service more easily. On a conference call with analysts, executives said they saw no sign of economic improvement in the markets where the company operates. "People are just struggling to get by," Chief Operating Officer Tom Keys said. The company also noted that U.S. government subsidized cellphone programs such as Assurance Wireless -- which offers consumers a free phone and 250 minutes of free calls per month -- were drawing away customers, particularly in markets where the program had launched within the last three to five months. Sprint's Virgin mobile unit provides the Assurance service among its prepaid service options. On top of these issues, MetroPCS's own bet that selling expensive smartphones would boost revenue appears to be failing, Credit Suisse analyst Jonathan Chaplin said. "Smartphones aren't having the benefit people hoped for and the cost of supporting smartphones might be higher than expected," Chaplin said. "It's probably still the fastest growing wireless business in the market, but expectations have definitely come down." CAPITAL SPENDING BOOSTED MetroPCS said the cost of attracting new customers rose about 8 percent compared with the year-ago quarter as it fought to counter a "seasonal" slowdown and "continued economic pressures" on its subscribers. Bigger rival Sprint Nextel said last week that it too faced higher costs. Credit Suisse's Chaplin also expressed concern that MetroPCS had raised its capital spending target for 2011. The company said it now expected capital spending of $900 million to $1 billion for the year, up from its previous budget of $700 million to $900 million announced in May, as heavy use of data services was putting pressure on its wireless network. "It's a challenge," Chief Executive Roger Linquist told analysts on the conference call. The company helped to boost revenue in the last several quarters by selling advanced phones based on Google Inc's (GOOG.O) Android software. Profit rose to $84.3 million, or 23 cents per share, from $79.9 million, or 22 cents per share, a year earlier. Excluding unusual items, earnings would have been 24 cents per share, compared with the average analyst forecast of 29 cents per share, according to Thomson Reuters I/B/E/S. Revenue rose 19 percent to $1.21 billion from $1.01 billion, compared with the average Wall Street forecast of $1.23 billion. MetroPCS shares were down about $4.86, or 30 percent, at $11.32 in midday trading, while Leap shares were down $2.17 at $10.83 on Nasdaq. (Additional reporting by Supantha Mukherjee in Bangalore; Editing by Viraj Nair, Ted Kerr and Andre Grenon) Technology 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 Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electric 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 Wednesday, 3 August 2011
Raising debt ceiling U.S. avoids "default"; Obama urges Congress to nod trade deals
Colombia arrests leaders of submarine cocaine ring |
Redskins cornerback Buchanon suspended four games for unspecified reasons
Chinese cosmetic products sold in Manila contain high levels of mercury
Rachel Zoe to launch children's clothing line
U.S. relaxes limits on Somalia aid as famine looms |
U.S., Vietnam sign military medical cooperation
New law expands health care coverage for women
Miley Cyrus gets closer to God in new movie
Pakistan, U.S. try to narrow differences as officials meet |
Study explains why muscles weaken with age
Tiger Woods' dawn patrol back in action at Firestone
Commerce: Americans trim personal spending in June
Norway police still probing if killer acted alone |
UK to legalize private copying of CDs: source |
LivingSocial enters Korea with biggest acquisition |
MetroPCS warns on subscriber numbers |
U.S. trade panel to probe Apple claim against Samsung |
S1 board rejects ACI offer, backs Fundtech deal |
J.Lo says loved herself enough to quit marriage |
Charlie Sheen's Men character to get screen funeral? |
Whistleblower's tale has no Hollywood ending |
Kings of Leon cancel U.S. tour, Followill exhausted |
Syrian forces hit Hama again |
Egypt's Mubarak to face trial set to rattle Arab rulers |
Romero pitches well, Bautista finally homers again as Blue Jays edge Rays
Durant drops 66 at Rucker Park
Former 'Melrose Place' actor Grant Show's marriage on the rocks
It's Miller Time in Seattle: Seahawks sign free agent tight end
NBA owners file lawsuit against Players Association
Analysis: Honeymoon over, Yingluck treads political tightrope |
Community Hospital In Rural Arizona Finds Innovative Ways To Survive
Garrett Jones belts two-run homer, Bucs lead Cubs 2-1
IL VOLO announce first ever North American Tour
Kings of Leon management tries to pull videos from failed show
Guatemala sentences four in landmark civil war trial |
Kanye West and Jay-Z announce new "Watch the Throne" tour dates
New setback for Haiti's pop star turned president |
China taxi drivers strike for third day, some return to work |
Google+, Apple's iCloud keep developers interested |
Biggest-ever series of cyber attacks uncovered, U.N. hit |
Cavium forecasts Q3 sales below Wall Street, shares |
Sonus Networks posts surprise loss on delayed deals, |
Gotti film casts John Jr. but Lohan role in doubt |
Katy Perry, Teenage Dream make Billboard history |
Redmond O'Neal arrested for alleged drug possession |
Somalia heads terrorism risk, South Sudan in top 5: survey |
Chinese rating agency downgrades U.S.
Australian woman free after hours-long bomb scare |
Hughes pitches like No. 2 starter should as Yanks blank ChiSox
Rome starts crisis talks with Eurozone finance ministers
Sean Kingston hopes to release new single this year
USGS reports 5.2 magnitude quake off west Indonesia |
Iraq open to talks with U.S. on training mission
Ramadan fighting threatens Somali famine relief |
Michigan nabs dozens including physicians, pharmacies in health care fraud
Heidi Montag, Spencer Pratt say they're broke, regret seeking fame
Deutsche Borse-NYSE move forward with merger
Panel Formed To Give Consumers Reliable Treatment Information
Egypt’s Mubarak denies all charges on opening day of trial
Libyan rebels say counter-attack at Zlitan repelled |
Fear stalks Chinese residents in Kashgar after attacks |
Under fire in drug war, Mexico's media falls silent |
As bleak Ramadan begins, Yemeni protesters cling to hope |
RIM launches two new BlackBerry Torch phones |
South Korea fines Apple $2,855 over location data |
UK shakes up copyright laws, scraps plan to block websites |
Gloomy 2011 on the radar for Garmin |
Three firms drop EU antitrust complaints against IBM |
PCs another pest for Australian wheat growers |
Huawei bets on the cloud, mobile phone sales soar |
Gotti film casts John Jr. but Lohan role in doubt |
Latin jazz artists sue Grammys for dropping their category |
ABC Family, the CW tops in gay inclusive shows |
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		BlogMeter 1.01