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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (17074)	12/4/2001 10:06:23 AM
From: Ruffian	Read Replies (1) \| Respond to of 196562

Sprint PCS Sees Revenue Growth Up 30 Pct. KANSAS CITY, Mo. (Reuters) - Wireless communications company Sprint PCS Group (NYSE:PCS - news) on Tuesday said it sees fourth quarter total revenues at about $2.7 to $2.8 billion, and predicts 2002 sales could grow by more than 30 percent to $13 billion, driven by gains in subscribers. ``Revenue growth is expected to continue to be driven by strong gains in the customer base and strong average customer revenue,'' said Kansas City, Missouri-based Sprint, the No. 4 U.S. wireless provider. Full year revenues are expected to grow more than 50 percent in 2001 to about $9.7 billion to $9.8 billion. Sprint said it sees 2002 earnings before interest, taxes, depreciation and amortization (EBITDA) in a range of $3.0 to $3.1 billion, driven by a growing customer base. The company reiterated its 2001 EBITDA forecast of $1.6 billion. Sprint said its 2001 target for net customer additions is about 4.2 million, with its 2002 target now at 3.6 million to 3.7 million net customer additions. Churn, or the rate at which subscribers leave the service, is expected to be around 3 percent for fourth quarter 2001, and in the upper 2-percent range for the full year of 2002. Email this story - View most popular \| Printer-friendly format Archived Stories by Date: News Resources Message Boards: Post/Read Msgs Conversations: Start a live discussion News Alerts: More Alerts: News Bulletins, News, Mobile, Stocks