The wireless carrier reportedly is nearing the launch of its own pay-as-you-go service, adding a layer to the carrier's evolving prepaid strategy.

By TheStreet Staff Jan 3, 2013 3:22PM

The Sprint sign hangs on Fifth Avenue in New York © DON EMMERT/AFP/Getty ImagesBy Gary Krakow, TheSteetthestreet logo


Sprint Nextel (S) reportedly will launch its own no-contract, pay-as-you-go monthly mobile phone service later this month. 

The Android Police blog reports that Sprint will launch its prepaid service on Jan. 25, initially offering two smartphones and two basic phones. The smartphone plan gives users unlimited talk, text and data for $70 a month. Sprint's basic phone plan costs $50 a month. 

The information reportedly comes from internal Sprint documentation.


Shares in the network for professionals have outperformed all other social media IPOs. Don't expect the stock to slow down anytime soon.

By TheStreet Staff Jan 2, 2013 3:50PM

LinkedIn logoBy Rocco Pendola, TheStreetthestreet logo


There's no such thing as a sure thing in the stock market. Just look at Apple's (AAPL) performance over the last months of 2012. It is particularly dicey to speak of "sure bets" in the social/Internet space. Emotions, noise and media-driven hysteria often dictate what happens with these names.


Consider Facebook (FB), which was adored by the media before its IPO and loathed after it. It got so bad that people were ripping Mark Zuckerberg, the company's co-founder and chief executive, for taking a honeymoon. Now, with the stock rising -- because things never were quite as bad as purported -- there's less hate.


Large-cap technology companies offered wary investors what they wanted in 2012: stable earnings at a reasonable price. And, increasingly, a regular dividend payment.

By MSN Money Partner Dec 29, 2012 11:06PM

Ebay headquarters in San Jose, Calif. © Marcio Jose Sanchez/AP PhotoBy Michael Vodicka, StreetAuthority

Blue-chip tech stocks are benefiting from investors' search for stability. Stellar gains by such stalwarts as Oracle (ORCL) and eBay (EBAY) have helped lift the Nasdaq 100 Index ($NDX.X) of major technology companies to a 14.4% gain year to date, a bit better than the broader market, as measured by the Standard & Poor's 500 Index ($INX).  

Simply put, big technology has never been stronger.

The industry is sitting on record earnings. In fact, earnings of big technology companies are well ahead of where  they were 12 years ago, when the Nasdaq Composite Index ($COMPX) briefly crossed the 5,000 mark. 


More companies will build private clouds in 2013 while paying for redundancies from commercial clouds supporting the same system, in effect creating a hybrid cloud.

By TheStreet Staff Dec 28, 2012 7:38PM

Clouds behind cracked glassBy Dana Blackenhornthestreet logo


This has not been a good year for's (AMZN) cloud computing service, at least at its Virginia data center.

 That is the facility that on Dec. 24 suffered  its fourth outage since April of last year; the latest event spoiled Christmas for Netflix (NFLX) and some of its 30 million subscribers. 


This is not the way the cloud is supposed to work. The cloud is not a data center. Even a data center using cloud technology gets you just half-way to the cloud. A cloud is, in fact, a network of data centers, providing you with the redundancy and resilience of the Internet itself.


The music streaming company channels at least half its revenue to artists such as Adele, who gets $1 million a year in royalties from the company. Rivals pay a lot less.

By MSN Money Partner Dec 26, 2012 8:00PM

Pandora logoBy Andy Fixmer, Bloomberg Businessweek 

Bloomberg Businessweek on MSN Money

Pandora Media (P), the rapidly expanding Internet radio service, has a problem: The faster it grows, the bigger the financial hit it takes on royalty payments.

In the first 10 months of 2012, Pandora paid $182 million in music royalties, or 60% of revenue. With the music streaming company forecasting a fourth-quarter loss, and competition intensifying from Sirius XM Radio (SIRI), Spotify and Apple (AAPL), Pandora's stock was off 10% for the year while the tech-laden Nasdaq Composite Index ($COMPX) had advanced nearly 15% as of Dec. 26.

Joe Kennedy, Pandora's chief executive, says his company is getting a raw deal on the fees it pays for song-playing rights because of what he calls an arbitrary and piecemeal music copyright and royalty-setting system that treats various digital radio formats differently.



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[BRIEFING.COM] S&P futures vs fair value: +3.60. Nasdaq futures vs fair value: +8.70. The S&P 500 futures trade four points above fair value.

Markets in Asia ended on a mostly higher note.

  • In economic data: 
    • Japan's Retail Sales fell 0.6% year-over-year (expected -0.5%, previous -0.4%), while Household Spending dropped 3.0% year-over-year (expected -3.8%, prior -8.0%). Separately, the Unemployment Rate ticked up to 3.7% from 3.5% (consensus ... More


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