Sprint Nextel Corporation (S) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sprint Nextel Corporation (S)

S 14.85

-0.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slacker711 who wrote (345)	10/17/2000 9:38:34 AM
From: slacker711	Read Replies (1) of 1691

Conference Call highlights....Oddly there were no questions, it was a listen-only CC. There were a lot of numbers....hope I got them all right. There was very little guidance going forward..... -839,000 net adds....strong growth at the end of the quarter (either that or they sandbagged in the warning) - $59 ARPU vs $58 in the 2Q. - EBIDTA of $122m (last quarter was around $10m) - $360 Cost/Acquisition was down 20% YoY - An increase of $700m YoY in service revenues provided for a $500m increase in EBITDA....gotta love the leverage. - Total Debt $13B with a weighted average interest rate on the long term debt of 8.7%. - 4.6% penetration/POP - 25% of net adds were business during the quarter - Churn was 3.0% during the third quarter vs. 2.6% in the second. They mentioned that the 2nd quarter benefitted from a one-time adjustment and the normalised rate would have been 2.8%. - 40% of deactivations during the quarter were company initiated vs. 30% in the 2nd quarter. The customer churn rate actually declined slightly sequentially. - 20% of total base is under contract vs. 6% at the end of the 2nd quarter. - 300,000 subscriptions to the Wireless Web w/400,000 "casual users". - 13,700 cellsites w/182m POP's - $230m in Equipment Revenues - 1.6m Gross Additions - $675m in Capital Expenditures....expect $3B for the year. 10% to 20% increase next year depending on the roll-out of 1xrtt. - They expect the industry to add 7m customers in the fourth quarter w/PCS getting somewhere between the high-teens to low-20's percentage. This translates to anywhere from 1.2m to 1.6m new subs. I hated this guidance.....why not just come out with a number? - November 3rd meeting...i believe they said it was the annual meeting.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next