WirelessAdvisor.com

larry · 07-15-2008, 5:37 PM

NEW YORK (Reuters) - Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) shares rose almost 14 percent on Tuesday after CNBC reported that South Korea's SK Telecom Co (017670.KS: Quote, Profile, Research, Stock Buzz) was in talks to buy the No. 3 U.S. wireless service.

According to the television network, which did not name any sources for the story, a deal between the companies would be friendly and the biggest takeover by a South Korean company of a U.S. company.

Sprint has been struggling to stem customer losses amid customer service problems and issues integrating its 2005 purchase of Nextel Communications.

Sprint declined comment and SK representatives were not immediately available for comment.

Sprint shares rose $1.15 at $9.41 after the news.

Sprint rises on SK buyout talks report | Industries | Technology, Media & Telecommunications | Reuters

larry · 07-15-2008, 5:38 PM

If a deal has to be made I would rather see this instead of T-Mobile's parent.

Blue4Life · 07-15-2008, 5:42 PM

Sprint not in acquisition talks with SK: source

NEW YORK (Reuters) - Any talks between SK Telecom (017670.KS) and Sprint Nextel (S.N) are about technology collaboration rather than an acquisition of the No. 3 U.S. wireless service, according to a person familiar with the matter.

The comment followed a CNBC report that SK and Sprint were in merger talks.

"There are no acquisition talks going on right now between SK Telecom and Sprint. Any discussions that are going on are around technology collaboration," said the source, who asked not to be named because the person was not authorized to talk on the subject.

(Reporting by Sinead Carew; Editing by Gary Hill)

WumpusVA · 07-15-2008, 6:09 PM

Wirelessly posted (Mozilla/4.0 (compatible; MSIE 6.0; Windows 98; PalmSource/Palm-D062; Blazer/4.5) 16;320x320)

Interesting news. Collaboration of technology? WiMax?

larry · 07-16-2008, 2:54 AM

Good to hear that it might not be a merger. I want to see Sprint stay independent and if their stock prices keep going up it will make them a tougher acquistion target.

Ddeere2 · 07-16-2008, 1:29 PM

That's good Sprint's not being bought out, even though I don't like the company. I wouldn't doubt its on collaboration but I read one of the updates that they rejected a 5 billion investment offer from SK Telecom and Providence Equity Partners. I doubt Sprint's stock will go up anytime soon. If they're quarterly reports don't improve and investors don't like what they're doing, they'll stay around the same for a while. They just shaved off the jump they had yesterday, they're back to 8.67

Eric47 · 07-16-2008, 2:27 PM

what ever happened to US companys being owned and operated in THE US!!!

AnthroMatt · 07-16-2008, 7:52 PM

Quote:

Originally Posted by Eric47

what ever happened to US companys being owned and operated in THE US!!!

That died a long time ago. Aren't just as many Japanese cars made in the US as American cars now?

I did read an article that the high cost of fuel is actually starting to make some companies think about moving jobs back to the USA, as the higher wages cost about the same and are more easy to predict than the fuel prices that have raised the cost of doing business overseas.

Anyway, that is a bit off topic.

Is it sad that I don't really care what happens to Sprint, so long as they don't just disappear and go belly-up?

Eric47 · 07-16-2008, 8:50 PM

Quote:

Originally Posted by AnthroMatt

That died a long time ago. Aren't just as many Japanese cars made in the US as American cars now?

I did read an article that the high cost of fuel is actually starting to make some companies think about moving jobs back to the USA, as the higher wages cost about the same and are more easy to predict than the fuel prices that have raised the cost of doing business overseas.

Anyway, that is a bit off topic.

Is it sad that I don't really care what happens to Sprint, so long as they don't just disappear and go belly-up?

we could start a thread about US jobs or economy or something

cheddar · 07-17-2008, 4:08 PM

Quote:

Originally Posted by Eric47

what ever happened to US companys being owned and operated in THE US!!!

That was all pre-collapse of the dollar. Countries like China have so many dollars they could heat their homes with them. US companies are practically free now.

Ddeere2 · 07-17-2008, 4:22 PM

It doesn't help the dollar isn't as strong anymore. I saw a documentation on Discovery I think that companines are moving their labor overseas because its cheaper. It all equals back out because of the shipping. I think the news is back to saying SK telecom might buy Sprint. But I doubt it, look at Sprints market cap and look how much cash SK Telecom has on hand. Not enough. I'm glad I dumped their stock a long time ago.

Eric47 · 07-17-2008, 8:20 PM

Quote:

Originally Posted by Ddeere2

It doesn't help the dollar isn't as strong anymore. I saw a documentation on Discovery I think that companines are moving their labor overseas because its cheaper. It all equals back out because of the shipping. I think the news is back to saying SK telecom might buy Sprint. But I doubt it, look at Sprints market cap and look how much cash SK Telecom has on hand. Not enough. I'm glad I dumped their stock a long time ago.

even if they buy them i dont see them getting anywhere with it...there is just to many things that need to be in place for them to keep up that they dont have. they probably want them just to turn around and sell them off after the economy gets better or after their image improves some.

Simon5282 · 07-18-2008, 7:04 PM

Quote:

Originally Posted by Eric47

we could start a thread about US jobs or economy or something

That would be politics, one of my favorite topics, but not a good one to talk about on this forums. Besides, I would piss to many people off with my opinions.

Quote:

Originally Posted by cheddar

That was all pre-collapse of the dollar. Countries like China have so many dollars they could heat their homes with them. US companies are practically free now.

Can't blame them. It is a good deal for them. After all, the Feds pissed away the value of our dollar.

That is all the politics I will talk about on this forum. After all, this is not a political forum.

R.I.P. Anheuser-Busch, the greatest American company ever.

Eric47 · 07-18-2008, 7:08 PM

Quote:

Originally Posted by Simon5282

That would be politics, one of my favorite topics, but not a good one to talk about on this forums. Besides, I would piss to many people off with my opinions.

Can't blame them. It is a good deal for them. After all, the Feds pissed away the value of our dollar.

That is all the politics I will talk about on this forum. After all, this is not a political forum.

R.I.P. Anheuser-Busch, the greatest American company ever.

i switched back to coors.

AnthroMatt · 07-18-2008, 10:34 PM

Molson owns Coors right?

And Sprint is not getting bought...not anytime soon, so that should make everyone happy...right.

Eric47 · 07-19-2008, 12:35 PM

Quote:

Originally Posted by AnthroMatt

Molson owns Coors right?

really? dang

curbside · 07-20-2008, 2:22 PM

Quote:

Originally Posted by Eric47

what ever happened to US companys being owned and operated in THE US!!!

Americans don't complain when a US company buys out a company in another country. I guess it can happen in reverse.

07-15-2008, 5:37 PM	#1 (permalink)
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 12,954 Phone(s): LG Rumor Provider(s): Sprint Thanks: 17 Thanked 16 Times in 15 Posts Images: 146 My Auctions	Sprint rises on SK buyout talks report NEW YORK (Reuters) - Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) shares rose almost 14 percent on Tuesday after CNBC reported that South Korea's SK Telecom Co (017670.KS: Quote, Profile, Research, Stock Buzz) was in talks to buy the No. 3 U.S. wireless service. According to the television network, which did not name any sources for the story, a deal between the companies would be friendly and the biggest takeover by a South Korean company of a U.S. company. Sprint has been struggling to stem customer losses amid customer service problems and issues integrating its 2005 purchase of Nextel Communications. Sprint declined comment and SK representatives were not immediately available for comment. Sprint shares rose $1.15 at $9.41 after the news. Sprint rises on SK buyout talks report \| Industries \| Technology, Media & Telecommunications \| Reuters

07-15-2008, 5:38 PM	#2 (permalink)
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 12,954 Phone(s): LG Rumor Provider(s): Sprint Thanks: 17 Thanked 16 Times in 15 Posts Images: 146 My Auctions	Re: Sprint rises on SK buyout talks report If a deal has to be made I would rather see this instead of T-Mobile's parent.

07-15-2008, 5:42 PM	#3 (permalink)
Blue4Life Join Date: Dec 2006 Location: Lehigh Valley, PA Posts: 582 Phone(s): PDA2K,Treo 600,SX56, Nokia E71,E70,6800,6030, 6010,3595,3300,3120, Motorola V635,V300 Provider(s): AT&T Blue, T-Mobile (prepaid) Devices: Nokia LD-3W, BH-801, Motorola DC800 Thanks: 3 Thanked 16 Times in 10 Posts	Sprint not in acquisition talks with SK: source Sprint not in acquisition talks with SK: source NEW YORK (Reuters) - Any talks between SK Telecom (017670.KS) and Sprint Nextel (S.N) are about technology collaboration rather than an acquisition of the No. 3 U.S. wireless service, according to a person familiar with the matter. The comment followed a CNBC report that SK and Sprint were in merger talks. "There are no acquisition talks going on right now between SK Telecom and Sprint. Any discussions that are going on are around technology collaboration," said the source, who asked not to be named because the person was not authorized to talk on the subject. (Reporting by Sinead Carew; Editing by Gary Hill)

07-16-2008, 2:54 AM	#5 (permalink)
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 12,954 Phone(s): LG Rumor Provider(s): Sprint Thanks: 17 Thanked 16 Times in 15 Posts Images: 146 My Auctions	Re: Sprint rises on SK buyout talks report Good to hear that it might not be a merger. I want to see Sprint stay independent and if their stock prices keep going up it will make them a tougher acquistion target.

07-16-2008, 1:29 PM	#6 (permalink)
Ddeere2 Join Date: Apr 2008 Location: Laredo, Texas Posts: 400 Phone(s): Blackberry 8100 Pearl, Motorola Razr 2 V9, Nokia N75, LG C2000 Provider(s): AT&T Devices: XPS 1530 and a 80 gb iPod Classic Thanks: 6 Thanked 3 Times in 3 Posts	Re: Sprint rises on SK buyout talks report That's good Sprint's not being bought out, even though I don't like the company. I wouldn't doubt its on collaboration but I read one of the updates that they rejected a 5 billion investment offer from SK Telecom and Providence Equity Partners. I doubt Sprint's stock will go up anytime soon. If they're quarterly reports don't improve and investors don't like what they're doing, they'll stay around the same for a while. They just shaved off the jump they had yesterday, they're back to 8.67

07-15-2008, 6:09 PM	#4 (permalink)
WumpusVA Join Date: Dec 2004 Location: Northern Virginia Posts: 902 Phone(s): G1 (i'm lovin it), A host of others... Provider(s): I have been w/ most major North American carriers Devices: XM & 30GB ZEN Thanks: 4 Thanked 4 Times in 3 Posts Images: 1 My Auctions	Wirelessly posted (Mozilla/4.0 (compatible; MSIE 6.0; Windows 98; PalmSource/Palm-D062; Blazer/4.5) 16;320x320) Interesting news. Collaboration of technology? WiMax?

07-16-2008, 2:27 PM	#7 (permalink)
Eric47 Join Date: Dec 2007 Location: in my own house Posts: 1,404 Phone(s): crackberry's Devices: my home wi-fi router and laptop Thanks: 5 Thanked 1 Time in 1 Post Images: 49	Re: Sprint rises on SK buyout talks report what ever happened to US companys being owned and operated in THE US!!!

07-17-2008, 4:22 PM	#11 (permalink)
Ddeere2 Join Date: Apr 2008 Location: Laredo, Texas Posts: 400 Phone(s): Blackberry 8100 Pearl, Motorola Razr 2 V9, Nokia N75, LG C2000 Provider(s): AT&T Devices: XPS 1530 and a 80 gb iPod Classic Thanks: 6 Thanked 3 Times in 3 Posts	Re: Sprint rises on SK buyout talks report It doesn't help the dollar isn't as strong anymore. I saw a documentation on Discovery I think that companines are moving their labor overseas because its cheaper. It all equals back out because of the shipping. I think the news is back to saying SK telecom might buy Sprint. But I doubt it, look at Sprints market cap and look how much cash SK Telecom has on hand. Not enough. I'm glad I dumped their stock a long time ago.

07-18-2008, 10:34 PM	#15 (permalink)
AnthroMatt Big Meanie Join Date: Jul 2002 Location: Mesa, AZ Posts: 8,346 Phone(s): Motorola V950 Provider(s): Sprint + Airave Thanks: 3 Thanked 11 Times in 8 Posts Images: 1	Re: Sprint rises on SK buyout talks report Molson owns Coors right? And Sprint is not getting bought...not anytime soon, so that should make everyone happy...right. __________________ Motorola V950

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

Similar Threads for: Sprint rises on SK buyout talks report
Thread	Thread Starter	Forum	Replies	Last Post
Sprint Exec goes on their own forum & talks to customers	Fire14	Wireless News	4	08-24-2007 12:24 PM
Sprint Buyout Of Affiliates Unlikely Despite Suit	larry	GENERAL Wireless Discussion	0	07-25-2005 3:27 AM
Vodafone denies report of Verizon talks on Sprint bid	Mobile Mike	Verizon Wireless Users	0	12-14-2004 5:27 PM
Verizon profit falls, but revenue rises	jayc	Wireless News	4	10-30-2003 12:37 PM
BellSouth, AT&T Merger Talks Stall Over Price -Report	jayc	Wireless News	9	09-13-2003 2:42 PM

WirelessAdvisor.com

Clearing the static since 1998.

WirelessAdvisor.com