Sprint Nextel Corporation (NYSE:S) is now the only major domestic carrier with the iPhone and an unlimited data plan. This is an amazing advantage that on the surface seems like a lifeline thrown in by the duopoly. Either Sprint is necessary as a 3rd wireless provider for anti-trust reasons or the duopoly has allowed Sprint to survive at the point it was about to crumble. T-Mobile, which is the 4th largest domestic wireless provider, announced an uncapped data plan. While it is competitive with the Sprint’s pricing, it does not offer the iPhone. This seems to do nothing for T-Mobile has it keeps becoming a distant provider with Sprint continuing to become the alternative choice.
Don’t Miss: Why is Sirius XM Getting SUED?
Intel Corporation (NASDAQ:INTC) recently announced its new collaboration with VMware (NYSE:VMW) and that it will deliver a platform for trusted cloud combining Intel Trusted Execution Technology (Intel TXT) with the new release of VMware vSphere 5.1, the top platform for building cloud infrastructures. With hardware-enhanced security capabilities integrated into the processor, Intel TXT combined with VMware vSphere 5.1 will deliver a hardened and high-integrity platform to run business-critical applications in private and public cloud environments.
Microsoft Corporation (NASDAQ:MSFT) along with Nokia (NYSE:NOK) are looking to raise their U.S. sales of smartphones, and will probably be helped as Samsung Electronics (SSNLF) products could possibly be banned and handset makers are pressured to consider alternatives to Google’s (NASDAQ:GOOG) Android software, according to Bloomberg.
Research In Motion Limited’s (NASDAQ:RIMM) board thinks that a turnaround is possible, so it is not necessary to sell the company, according to the Globe and Mail. In an interview, CEO Thorsten Heins indicated that competitors looking at the company are doing so for a reason. This is probably because of the stock’s current level. RIM possesses a great value proposition which continues to be in demand not just because of where the price is, but the potential and value of RIM in the future.
Citigroup Inc. (NYSE:C): Over half of Citigroup’s $38 billion revenue during the first six months of 2012 was generated from the global consumer banking unit, offering products like Chinese credit cards and Mexican personal loans. The securities and banking unit, including trading and investment banking, totaled $10.7 billion.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.