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- Sprint posts higher sales than expected, thanks to data services
Sprint Nextel reported a 6.4% rise in sales in the second quarter, mainly because of a bump in spending per subscriber to $63.38, which the company attributed to higher data use by its new iPhone customers. Sprint posted an overall loss of 246,000 contract subscribers in the quarter, as its Nextel brand shed 688,000 customers despite the Sprint brand adding 442,000. Sprint's loss was up year-over-year to $1.37 billion. Bloomberg
(7/26), MarketWatch
(7/26)      
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- Google filing reveals Motorola valuations
Google broke down its valuation for Motorola Mobility's assets in a regulatory filing that valued the patents at $5.5 billion. The breakdown indicates that Google paid a premium for the company in the $12.4 billion deal, according to this report. CNET
(7/25)
- Judge to inform jury that Samsung deleted key documents
Samsung Electronics suffered a setback in its upcoming patent-infringement trial with Apple when a federal judge said Wednesday that he would issue an "adverse inference" instruction to jury members because the South Korean phone-maker destroyed relevant e-mail documents. Also, Apple apparently will argue that Samsung knew that its mobile devices had key similarities to Apple's iPad and iPhone. Bloomberg Businessweek
(7/25), All Things D
(7/25)
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- Heavy losses spark major job cuts at Alcatel
Alcatel-Lucent will eliminate 5,000 jobs after reporting losses of $312 million in the second quarter. The telecom gear-maker has launched a cost-cutting effort to offset cutbacks in telecom spending, especially in the struggling European economies. "We don't think the market will come back any time soon," CEO Ben Verwaayen told reporters. The Wall Street Journal
(7/26), Bloomberg
(7/26)
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