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BUSINESS
January 5, 2001 | Bloomberg News
Sprint PCS, the No. 4 U.S. wireless phone company, and Palm Inc., the No. 1 maker of electronic organizers, said they will team up to offer Internet access to users of devices running on Palm software. The two companies will initially target users who need to access e-mail, calendars and schedules while traveling for business. The Internet service will work with Palm's organizers as well as devices based on Palm's operating system software made by other companies such as Sony Corp.
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BUSINESS
October 27, 2007 | From the Associated Press
Wireless subscribers of Sprint Nextel Corp. may no longer have to buy a new phone if they switch to a new carrier. As part of a proposed class-action settlement, the Reston, Va.-based provider, with operational headquarters in Overland Park, Kan., has agreed to provide departing Sprint PCS customers with the code necessary to unlock their phones' software. That would allow the phones to operate on any network using technology called code division multiple access, or CDMA.
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BUSINESS
August 28, 2000 | Bloomberg News
Sprint PCS, the wireless unit of Sprint Corp., and ECompanies, a 2-month-old firm that guides Internet start-ups, formed a venture to create and sell wireless Web services. Sprint PCS will invest $15 million in the new ECompanies Wireless and might provide access to its own technology and market research. Closely held ECompanies will add expertise, personnel and its seven-step business development process.
BUSINESS
July 22, 2004 | From Associated Press
Three of the nation's largest cellular phone companies have reached a disclosure agreement with 32 states. Verizon Wireless, Cingular Wireless and Sprint PCS will be required to provide more detailed coverage maps to consumers, give customers a two-week grace period to end service without penalty and fully disclose service contract rates and conditions. Their marketing also must be more specific about the costs and limits of services.
BUSINESS
August 3, 2001 | Elizabeth Douglass
California regulators fined wireless carrier Sprint PCS $200,000 on Thursday as punishment for misleading the state about its supply of phone numbers in the 310 area code, a region that has been hit hard by numbering problems. Last year, Sprint PCS sued state regulators to get more phone numbers in the Beverly Hills area.
BUSINESS
July 9, 1999 | Bloomberg News
The Council of Better Business Bureaus' advertising division recommended that Sprint PCS, the wireless unit of No. 3 long-distance provider Sprint Corp., change its ads comparing its services with AT&T Corp.'s because some claims are unclear. Sprint PCS said it will stop claims that it offers "120 clear wireless minutes with free long-distance," compared with AT&T's "$29.99 with no minutes and no long-distance," according to the National Advertising Division of the Better Business Bureaus.
BUSINESS
September 20, 1999 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Sprint PCS today will unveil the broadest launch yet of wireless phones and service capable of viewing e-mail and personalized Internet information ranging from weather and travel directions to stock quotes and breaking news. The company's new Wireless Web services and phones will be available today in more than 280 cities nationwide, including all of California's major cities. Users must have a special Internet-ready phone to access the Web services.
BUSINESS
August 9, 2002 | Associated Press
Sprint PCS Group joined the race to provide speedier wireless access to e-mail and the Internet--one of the last major players to launch a so-called next-generation service, but the first to roll out the service nationally. The PCS Vision service, which works with one of several new mobile phones or two laptop modems, transmits at least as fast as a typical phone line and several times faster than Sprint's existing Wireless Web service allows.
BUSINESS
August 1, 2002 | Reuters
Cable television operator Cox Communications Inc. reported sharply higher second-quarter revenue driven by subscriber growth, but said a decline in the value of its Sprint PCS stake led to a loss. Cox reported a second-quarter net loss of $516.2 million, or 86 cents a share, including $813.8 million in losses on its Sprint PCS and other investments, compared with a profit of $30.7 million, or 5 cents a share a year ago. Cox's operating cash flow rose 16% to $441.9 million, compared with $382.
BUSINESS
June 22, 2000 | Greg Johnson
* Los Angeles-based TelePacific Communications named Richard L. Kimsey president and chief executive, succeeding founder David Glickman. Glickman will remain chairman of the telecommunications company. Kimsey joins TelePacific after five years at Sprint PCS, where he was president of the wireless company's Southeast region. Kimsey was also an executive director at Cox Enterprises, and spent eight years with BellSouth's cellular unit.
BUSINESS
February 4, 2004 | From Associated Press
Sprint Corp. said fourth-quarter earnings fell 2.6% to $38 million. The report on Tuesday came a day before Sprint was expected to announce a deal to outsource at least 5,000 jobs to IBM Corp. The latest results compared with a year-earlier combined profit of $39 million for the wireline and wireless units. Combined revenue rose 2.1% to $6.68 billion.
BUSINESS
September 11, 2003 | From Associated Press
The chief of Sprint Corp.'s wireless division is taking over as the president and chief operating officer of the parent telecommunications firm. Len Lauer, who will remain president of the Sprint PCS wireless unit, replaces Ronald T. LeMay, who left in April amid controversy over a tax shelter he and former Chief Executive William Esrey used to defer $123 million in taxes on earnings from stock options. Sprint fell 11 cents to $5.64 on the NYSE.
BUSINESS
August 11, 2003 | Jon Healey
Sprint Corp.'s wireless phone subsidiary plans to start offering a version of RealNetworks Inc.'s audio and video subscription service for cell phones today, extending its service into a burgeoning market. Once primarily a technology supplier, Seattle-based Real has become increasingly reliant on revenue from its RealOne subscription service, which offers news, sports and entertainment through the Internet for $9.95 a month.
BUSINESS
August 5, 2003 | From Associated Press
Debt-laden Qwest Communications International Inc. struck a deal to move its wireless phone customers onto Sprint Corp.'s national network, which would allow it to sell some related assets while still offering wireless services. Under the deal with Sprint, Denver-based Qwest will offer Sprint PCS Vision under its own brand by next year to its local residential customers and to business customers nationwide. Qwest will handle sales, billing and customer service. Terms were not disclosed.
BUSINESS
April 22, 2003 | From Bloomberg News
Sprint Corp., the third-largest long-distance telephone company, said first-quarter net income rose to $1.67 billion on a gain from the sale of its directories business. But shares of the company's main units fell after Sprint reduced 2003 forecasts. Net income rose from $140 million a year earlier. The directory sale added $1.31 billion to earnings. Total sales fell 4.5% to $6.34 billion from $6.64 billion.
BUSINESS
February 6, 2003 | From Reuters
Sprint Corp. said Wednesday that it swung to a profit in the fourth quarter from a loss a year ago as cost cutting outweighed weak demand and stiff competition for long-distance and data services. Investors overlooked Sprint's recent management turmoil and pushed up its long-distance and wireless stocks after the company stood by its 2003 guidance. Sprint had tried to hire BellSouth Corp.'
BUSINESS
December 5, 2001 | Associated Press
Sprint PCS, the wireless communications division of Sprint Corp., said Tuesday that it expects sharply higher revenue in the fourth quarter and next year. The company projects fourth-quarter revenue of about $2.8 billion and sales for 2002 of about $13 billion. The figures, fueled by an increase in subscribers, would represent 40% and 3% increases, respectively, compared with year-ago periods.
BUSINESS
August 31, 2002 | Bloomberg News
Thomas H. Lee Partners, Spectrum Equity Investors and R.H. Donnelley Corp. are the remaining bidders for Sprint Corp.'s telephone-book business, people familiar with the situation said. The companies have offered $1.75 billion to $2 billion for the business, and the winning bidder may be announced as early as next week, the people said. Sprint's shares Friday slipped 40 cents to close at $11.60 on the NYSE. They have fallen 42% this year.
BUSINESS
August 9, 2002 | Associated Press
Sprint PCS Group joined the race to provide speedier wireless access to e-mail and the Internet--one of the last major players to launch a so-called next-generation service, but the first to roll out the service nationally. The PCS Vision service, which works with one of several new mobile phones or two laptop modems, transmits at least as fast as a typical phone line and several times faster than Sprint's existing Wireless Web service allows.
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