– In the wake of T-Mobile/MetroPCS and Sprint/Softbank, new moves from AT&T and Sprint portend heightened rivalry that could threaten industry and cash flow and dividends. – AT&T plans to boost CAPEX by $14B over the next 3 years, accelerating
Today we have published our regular monthly Industrials round-up. In that piece we referenced briefly the earnings season so far and one particular point of interest. The tone of the guidance and the discussion around the third quarter point to
– Apple, Google, and Microsoft are dreaming of a tablet Xmas, with differentiated products aimed at an increasingly segmented market. – Google is using thin margins and engineering triage to undercut Apple from iPhone to iPad by 20-50% with Nexus
