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BUSINESS BRIEFS.(TO THE POINT)
TELECOM
Rigas' $2.3 bil fraud trial opens
Prosecutors alleged that John Rigas, the founder and ex-CEO of bankrupt cable company Adelphia Communications, used $2.3 bil in off-balance-sheet loans to cover margin calls on Adelphia stock when he was not misappropriating funds for a $13 mil golf course and personal travel. Rigas, who is on trial with sons Michael and Timothy, says the loans were legitimate.
Sprint to absorb wireless shares
The No. 4 U.S. long-distance firm will return to a single stock in April, making it easier to sell complete wireline and wireless service packages while protecting the wireless unit from hostile takeover bids. A share of PCS Group stock will be converted to a half-share of FON Group common stock. Sprint rose 8% to ...
- Sprint Announces Financial Guidance for FON Group, PCS Group.
- Press release article from: PR Newswire December 12, 2002 700+ words
...updated financial guidance for its FON Group and PCS Group. The company provided a detailed...fourth quarter EPS estimate for the FON Group has increased and estimated full...reiterated its expectations for the PCS Group to be free cash flow breakeven...
- StockPickReport.com Announces Stock Evaluation Ratings: New Ratings on...
- Press release article from: Business Wire February 3, 2003 700+ words
...http://www.stockpickreport.com/?src=qcom Sprint PCS Group (NYSE:PCS) - Underperform http://www.stockpickreport...http://www.stockpickreport.com/?src=sgp Sprint FON Group (NYSE:FON) - Outperform http://www.stockpickreport...
- Sprint FON group earnings disappointing; PCS group beats expectations.(Knight...
- Newspaper article from: Knight Ridder/Tribune News Service King, Suzanne April 17, 2001 700+ words
...Sprint Corp.'s FON group reported disappointing...while the company's PCS group experienced narrowing...Although the company's FON group _ including Sprint...up $1.73. For the FON group, Sprint reported diluted...
- Schaeffer's Market Observation Features Sprint FON Group (NYSE: FON) and Sprint...
- Press release article from: PR Newswire November 6, 2002 700+ words
...Market Observation features Sprint FON Group and Sprint PCS Group . Schaeffer's Market Observations...two primary divisions, Sprint FON Group -- its traditional telephone and Internet business -- and Sprint PCS Group -- its wireless business. On...
- Sprint Reports Third Quarter Results; Sprint reports strong positive cash flow,...
- Press release article from: PR Newswire October 23, 2003 700+ words
The Sprint FON Group is comprised of...products. The Sprint PCS Group consists of Sprint...FON discussion, FON Group EPS from continuing...ago period. The PCS Group reported a loss...discussion, the PCS Group reported a 7 cent...period. Sprint FON ...
- Sprint Reports Second Quarter Results; - Sprint reports very strong positive...
- Press release article from: PR Newswire July 28, 2003 700+ words
The Sprint FON Group is comprised of Sprint...SPRINTLOGO ) The Sprint PCS Group consists of Sprint...following page, FON Group EPS was 35 cents...increase. The PCS Group reported a second...last year. Sprint FON Group Highlights Sprint...
- Sprint Reports First Quarter Results and Updates Guidance for 2003; - Dramatic...
- Press release article from: PR Newswire April 21, 2003 700+ words
The Sprint FON Group is comprised of...products. The Sprint PCS Group consists of Sprint...admirably. The PCS Group reported better...customer service. The FON Group produced double...revenues." The FON Group reported first quarter...repurchase debt. The ...
- Sprint Chairman and CEO Gary Forsee to Review Transformation Plans and Update...
- Press release article from: PR Newswire January 6, 2004 700+ words
...progress across key customer growth measures. Specifically, the PCS Group expects to add approximately 1 million subscribers to the PCS...using the PCS network are expected to be over 20 million. The FON Group expects just over 300,000 DSL subscribers at year end. Total...