Sprint Nextel Corporation (S) Message Board

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Technology Stocks : Sprint Nextel Corporation (S)

S 14.85

+0.6%

12:59 PM EST

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To: Laguna who started this subject	5/5/2004 8:35:04 AM
From: Cooters	Read Replies (1) of 1691

Sprint upgraded to buy at Deutsche By Emily Church LONDON (CBS.MW) -- Deutsche Bank raised its rating on Sprint Corp. (FON) to buy overnight. "FON has been extremely weak over the past few weeks, falling from $19-20 before first quarter results to the current range below $17.50. We believe this has been caused by weak newsflow in the IXC segment and legacy-PCS selldowns following recombination. Weak earnings from AT&T (T) and lower MCI guidance have negative implications for Sprint's GMG business, but we point out that LD only accounts for 18 percent of FON's 2004 EBITDA and less than 10 percent of fair value."

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