SI
SI
discoversearch

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 : VSTR
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Greek Trader who wrote (44)10/26/1999 2:18:00 PM
From: Anthony Wong  Read Replies (1) of 60
 
RESEARCH ALERT - VoiceStream
target raised to $120

NEW YORK, Oct 26 (Reuters) - PaineWebber said Tuesday
it raised its price target for VoiceStream Wireless Corp.
(NasdaqNM:VSTR - news) to $120 from $80.

-- Shares of VoiceStream were off 6-5/16 at 84-3/16 on the Nasdaq stock market.

-- PaineWebber said VoiceStream on Monday reported ''blowout quarterly results,'' with average revenue per unit (ARPU) of $60, which topped PaineWebber's estimate by $5 and increased by 23 percent from the prior year.

-- Third quarter net subscriber additions of 123,000 topped our estimate of 100,000.

-- The strong ARPU lead to lower than expected cash flow losses, despite the strong subscriber growth.

-- Our new cash flow per share estimates below reflect a new preliminary model which includes the consolidated estimates of the pending acquisitions of Omnipoint and Aerial.

-- PaineWebber estimates that VoiceStream's 1999 capital plan will rise to $350 million from $300 million based on its strong subscriber and usage growth (520 average minutes per month), which was previously increased from $150 million.

-- VoiceStream also said it would conduct a broad capital spending program to improve the networks of its target acquisitions before marketing those new properties with the VoiceStream brand. PaineWebber estimates more than $1 billion in 2000.

-- VoiceStream plans to add Motorola and Mitsubishi in the Christmas selling season to stem handset shortages.

biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News