For Immediate Release
Chicago, IL – March 22, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Sprint Nextel (S), Google (GOOG), Clearwire Corporation (CLWR), Verizon (VZ) and AT&T (T).
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Here are highlights from Friday’s Analyst Blog:
Sprint to Unveil 4G WiMax Phone
Sprint Nextel (S) is on the verge of revolutionizing the US smartphone marketplace as the operator has revealed its plans to introduce its first 4G handset at the CTIA wireless trade show on March 24, 2010, in Las Vegas.
The dual-mode (3G/4G capable) smartphone, called “HTC Supersonic”, will run using Google’s (GOOG) Android platform. The device, which is set to be the first 4G compatible phone in the US, has been reportedly included in Sprint’s handset inventory list.
Sprint offers its 4G service under the “Sprint 4G” brand leveraging the WiMax (a wireless broadband technology) network operated by Clearwire Corporation (CLWR) in which it holds a 51% stake. The network offers average download speeds of 3-6 megabits per second (Mbps) with peak speed exceeding 10 Mbps.
Sprint leapfrogged over its larger US peers Verizon (VZ) and AT&T (T) by becoming the first carrier to deploy 4G services in the US, which was launched in Baltimore in October 2008. The company’s 4G services now cover 27 markets and 32 million people in the US and are expected to address 120 million people by 2010.
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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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