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- Sprint CFO: "Everything's on the table" for raising cash
Sprint Nextel will pay back $3 billion in debt by slashing costs in order to raise cash, and to that end, the carrier is considering cutting back on network expansion, outsourcing more tasks and eliminating jobs, Chief Financial Officer Bob Brust told Reuters on Monday, saying, "the main focus for 2009 is cash, keeping the company completely liquid in this economy." In a separate interview with Dow Jones, Brust discussed Sprint's new marketing message that emphasizes the carrier's "value" to price-conscious customers rather than the speed of its network. Reuters
(12/8), CNNMoney.com/Dow Jones Newswires
(12/8)      
| Technology | | |
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- LG demos "next-gen" chip at 60 Mbps
South Korean manufacturer LG Electronics tested a wireless modem chip today that supported download speeds of 60 megabits per second and asserted that it demonstrated the capability of the 4G technology known as Long Term Evolution. LG said the chip ran at speeds nearly eight times faster than today's top speeds and
led Chief Technology Officer Paik Woo-hyun to proclaim: "Now that LG has developed and tested the first 4G handset modem, a commercially viable LTE handset is on the horizon." The Associated Press
(12/9), Cellular-News.com (U.K.)
(12/9)
- Broadcom chip could bulk up phones at less power
Broadcom introduced a wireless chip that it said would give mobile devices greater muscle by enabling them to handle bulkier media and data applications without draining additional power resources. The BCM4329 combination chip brings together 802.11n, Bluetooth and FM in a single silicon die so that ever-smaller devices can handle ever-larger applications. InformationWeek
(12/8)
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| The Buzz(CORPORATE ANNOUNCEMENTS)
Customers' Experience in Telecom: Challenges in Keeping Pace with Change
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| Trends & Research | | |
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- Analyst: Euro telecoms have bright outlook
Even as it cut ratings Monday on a few companies, Morgan Stanley said that, as a group, European telecoms remained attractive investments because the credit crunch would help pare competitors as it spurs more mergers and buyouts. The brokerage -- citing its earnings momentum -- upgraded Portugal Telecom and asserted that the stronger telecoms are holding strong cards because lower-tier companies may be forced to sell to them at bargain prices. Reuters
(12/9)
| CTIA News | | |
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December WOW -- Drinking, Driving & Wireless Safety
Wireless technology is an important public-safety tool, and it's becoming increasingly helpful to consumers and law enforcement over the holidays. See how wireless applications are providing useful information on alcohol consumption and a convenient way to call for a safe ride home from that holiday party. Click here to watch WOW now!
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