According to Engadget, the companies that will help Sprint (S) launch its WiMax network for cell phones are banding together to show support for the troubled phone company.
Samsung, Motorola (MOT), Intel (INTC), and Nokia (NOK) are all sharing a booth at this week’s 3GSM conference and Samsung is showing off its new mobile WiMax phones.
Actually, all of the companies have skin in the game and it is to their advantage to band together in public support of WiMax. The Sprint network could cover an area in the US that would server 100 million potential customers. That is a lot of business for Sprint’s partners.
Sprint has been plagued by operational difficulties, so the WiMax deployment may be its last, best hope for raising its stock price and staying independent. Its shares traded near $27 last April but are down to under $18 now.
A friend in need is a friend indeed.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.