US top 3 mobile provider.(NYSE:S)

Sprint Nextel Corporation offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands.

Wireless segment

-provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies,as well as offers fourth generation wireless services
Wireless data communications services -comprise Internet access and messaging, email services, wireless photo and video offerings, and mobile entertainment applications, as well as asset and fleet management, dispatch services, and navigation tools; and wireless voice communications services include basic local and long distance wireless voice services, voicemail, call waiting, three way calling, caller identification, directory assistance, call forwarding, speakerphone, and push-to-talk services, as well as roaming services.

This segment sells accessories, such as carrying cases, hands-free devices, batteries, and battery chargers, as well as devices and accessories to agents and other third-party distributors for resale. In addition, it markets its post-paid services under the Sprint and Nextel names; prepaid services under the Boost Mobile, Virgin Mobile, and Assurance Wireless names.

Wireline segment

-provides wireline voice and data communications services, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, Internet protocol (IP), asynchronous transfer mode, IP-based frame relay, managed network services, voice over IP, and traditional voice services. It also offers wide-area network and long distance services, as well as operates an all-digital long distance and Tier 1 IP network.

Sprint Nextel was founded in 1899 and is headquartered in Overland Park, Kansas.
The Overland Park, Kan.-based company has struggled since acquiring Nextel Communications Inc. in 2005 as technical problems, poor efforts to consolidate the two companies and stiff competition for feature-rich phones has led many subscribers to switch to competing services.

Annual Balance Sheet data @31 December 2009.

Total Assets =$55,424,000

Total Liabilities =$37,329,000

Total Stockholder equity=$18,095,000.###

###Common Stock=$6,015,000+Retained Earnings=($33,779,000)+Treasury Stock($582,000)+Capital Surplus=$46,793,000+Other stock equity=($352,000)

Net Tangible Assets=($5,367,000)

Cash Flow:-$128,000

Nett Income Accrual=($2,436,000)

Major shareholders @30 September 2010:-

1) DODGE & COX INC==225,816,518==7.65%
2) Bank of New York Mellon Corporation==191,169,698==6.48%
3) VANGUARD GROUP, INC. (THE)==108,484,047==3.675%
4) STATE STREET CORPORATION==106,319,743==3.60%
5) GOLDMAN SACHS GROUP INC==97,682,150==3.31%
6) JP MORGAN CHASE & COMPANY==91,560,088==3.10%
7) BlackRock Institutional Trust Company, N.A.==76,228,606==2.58%
8) FRANKLIN RESOURCES, INC==72,208,465==2.45%
10) PRICE (T.ROWE) ASSOCIATES INC==70,031,700==2.37%
11) FMR LLC==411,626,857==13.94%

Top Mutual Funds Holdrs:-

1) DODGE & COX STOCK FUND==$131,825,739==4.47%
2) Fidelity Series Large Cap Value Fund==56,547,510==1.92
3) FIDELITY OTC PORTFOLIO==52,041,756==1.76
4)FIDELITY CAPITAL APPRECIATION FUND==46,397,699==1.57
5) DODGE & COX BALANCED FUND==37,874,100==1.28
6) TEMPLETON GROWTH FUND, INC.==31,856,370==1.08
7) VANGUARD TOTAL STOCK MARKET INDEX FUND==31,838,593==1.08
8) FIDELITY MAGELLAN FUND INC==28,000,000==0.95
9) VANGUARD 500 INDEX FUND==27,122,144==0.92
10) SPDR S&P 500 ETF Trust==22,517,066==0.76

Company activity:-

Lately it plans to sell a Kyocera Corp phone with two screens and Google Inc's software, in an effort stand out in a crowded U.S. smartphone field where Apple Inc gets much of the consumer attention.

Sprint Nextel Corporation.(NYSE:S)-Technology

A good speculative counter wherein one must flex his/her muscle with those giant famous name speculators.

Currently it seems that there are profit taking activities within the range of January's candlestick body.

It has completed covering the January's full body and closes at half the January's body yesterday.

The upper shadow has yet to be played again but meantime caution is the game as it's a bearish spin eyeing on the MAV support line.Anything below MAV support line level is a good entry point.

Yesterday High:$4.49 Low:$4.35 Closing:$4.40 Turnover:5,3828,148 shares.

Tracking the Dow,Monday,7/2/11.The Dow is 9 market days to index futures/options expiry.
9:30am:--Bullish 30 points gap up.The 12,000 mark psycological level has brought back investors confidence.

10:30am:--Session high.No sign of any pullback to fill up opening gap.Egypt tension has been reduced.

11:30am:--Morning session high,bearish engulfing.News of mergers and acquisitions indicated attractive stock valuations.

12:30noon:--Pullback to bull pivot support level.Struggling U.S. Internet company AOL
has agreed to buy The Huffington Post for $315 million.

1:30pm:--Another hit at the bull pivot spport,bears rampaging.The price of copper hit a record on concerns about supply and as economic data recently boosted the outlook for demand.

2:30pm:--Bull pivot support breached.News that computer hackers had infiltrated the operator of the Nasdaq Stock Exchange could be another blow to investor confidence, as Wall Street works to repair an image with investors and traders dented by last year's "flash crash."

3:30pm:--Bears held back slightly above MAV support line.Dragonfly doji helping a rebound.

4:00pm:--Bearish profit taking.A spike in oil prices might become a headwind for the global economy and hurt equity markets.

Index is poised for a pullback as Friday's bullish hammer is an early sign.If not for the ongoing Merger and Acqusition news,the market will be drifting within a tight zone.The bull pivot support line will be the level of a correction.

In a sign of a more stable debt market in Europe, demand for Portugal's five-year syndicated bond is around 6 billion euros, double the minimum placement announced earlier, Treasury Secretary Carlos Pina said on Monday.

Latest China IPO box office.

Youku.com Inc. American Deposit (NYSE:YOKU),is an online television/online video portal which operates as a Chinese Internet video Website. It offers user-generated and professional video content in China and internationally. The company also provides Youku Index, an online video ranking to track the popular videos in real-time. In addition, it offers Partnership Plan 3.0, a strategic map aimed at rationalizing and developing an online copyright market for China. The company enables Chinese Internet users to watch and share videos. Youku.com Inc was formerly known as 1Verge, Inc. and changed its name to Youku.com Inc in 2008. The company was founded in 2005 and is based in Beijing, China.
It was listed on the 8th December 2010 with an opening price of USD27.00(priced 15.368 million shares at $12.80).The company has its headquarters on the fifth floor of the Sinosteel Plaza building in Haidian District, Beijing.It was founded by Victor Koo, former President of Chinese Internet portal Sohu.

Tracking the Dow on Monday,27/12/10

Asian Index Futures Expiry:31/12/10
09:30am:-- Bearish 40.0 points gap-down.China's central bank tacked on another 25 basis points to its target lending rate and deposit rate.

10:30am:--A retracement to session MAV resistance,dark clouds.

11:30am:--Holding near MAV resistance,finding a support at the bear top.

12:30noon:--A breakout of the resistance line.Bulls in sight.

1:30pm:--Another bullish rebound.Inverted hammer.Tech stocks are the main supporter.

2:30pm:--Ascending soldiers on scene reaching the bull resistance line.

3:30pm:--Shooting star at the bull resistance line.

4:00pm:--Bearish engulfing.Traders are still on vacation judging from the thin volume.

A post holiday season hangman candlestick.Pullback to follow,the spinning top on Thursday is also a concern as this might blow off the lighted candlestick.

China's central bank Christmas gift to the Dow, another 25 basis points to its target lending rate and deposit rate. The decision, which is intended to stave off inflation, rekindled concern about slower growth in China and, in turn, a more sluggish global economic recovery.