Quote:
Originally Posted by texasez
S Sprint Nextel management conference call takeaways - FBR Capital (4.79 )
FBR Capital notes, On May 24, it held a conference call with Matt Carter, president of the Sprint 4G group, and Iyad Tarazi, vice president of network development and engineering. Firm came away from the call encouraged by on multiple fronts including the co's 4G network strategy and potential to lower its cost structure and churn-a major investor focus. Pre-registrations for the HTC EVO 4G device are the highest for any device in the co's history and Sprint is "more pleased" with the ratio of new prospects, particularly from existing iPhone customers. FBR estimates close to 1 mln registrations to date and a 70% to 75% upgrade ratio, which is encouraging.
this is from Briefing.com
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Only thing to remember here is that what is good for investors is not necessarily good for customers. As an investor you want to see the company raise its selling prices to the highest possible without losing customers. As a customer you want to see lowest prices possible regardless of the results the low prices would have on the company's bottom line.
The main piece of info that is encouraging from sprint as an investor, aside from the high volume of pre-orders is the extra monthly fee these phones will come with. This is much needed added revenue in a competitive industry.