Warner Music has highlighted a weak release schedule as a key driver of its revenue declines. In that light, the performance of a major new release should be important to the stock; Linkin Park’s new album, Minutes to Midnight, (WMG artist) was released today in stores and online (single downloads and album pre-sales have been…
Motorola hosted its first lunch between its new CFO, Tom Meredith, and sell side analysts after launching some new but not groundbreaking phones in a presentation in downtown NYC. Meredith handled the meeting quite well showing off his experience in dealing with analysts from his earlier employment in that role at Dell. He indicated on…
Sprint Nextel’s customer satisfaction rating dropped 3% from 2006 and ranked last among wireless providers in the latest University of Michigan’s American Customer Satisfaction Index (ASCI). AT&T, T-Mobile, and Verizon all had increases in customer satisfaction in the latest ASCI survey.(Click here for results of ASCI Survey)
[ev type=”wmv”” width=”320″ height=”240″ data=”http://mcdepk.com/shrek/video/HappyMealCommercial_wmv.wmv” image=”http://mcdepk.com/shrek/video/images/shrekpopup_01.jpg”%5D%5B/ev%5D Starting with Shrek the Third, McDonalds is the partnering with Dreamworks Animation to promote its next four films (Bee Movie, Kung Fu Panda and Madagascar 2) – Press Release. We believe the extensive nature of the agreement should help Shrek the Third achieve our $650 million box office estimate.…
Talpa Beheer BV, which John De Mol uses as an investment vehicle, filed a 13D this week stating that it owns 5% of Vivo’s Preferred shares. De Mol previously founded Endemol Media which he later sold to Telefonica, who just happens to be one of the controlling shareholders of Vivo. After his sale of Endemol…
Advertising Age is reporting that SprintNextel is changing its tagline again to Sprint Forward from Power Up, which lasted a year. We never understood what Power Up was meant to convey to the end user and we are similarly confused about the concept of Sprint Forward. Cingular’s tagline of Raising the Bar communicates a simple…
Another senior executive has left Sprint Nextel. Mark Schweitzer, a legacy Nextel employee who was Chief Marketing Officer, has decided to leave the company. His responsibilities will be assumed by Tim Kelly, a legacy Sprint employee and head of customer management. In the early days of the merger between Sprint and Nextel these senior executives…
The Wall Street journal is reporting (click here for story) that the parent company of China Mobile is looking for acquisitions in Asia and includes quotes from Wang Jianzhou, CEO of the parent company. We would view appropriately priced transactions positively given the large cash position of China Mobile and the lack of strong dividend…
I had to cut my numbers again today on Sprint. This has been my fifth downward revision on EBITDA in the past year alone. In aggregate I have reduced my 2008 EBITDA estimate by over $3.5 billion and I started with an estimate that was below consensus. The latest issue is that the company is…
Given that Cablevision’s Special Committee of Independent Directors “rolled over” yesterday and gave in to the latest Dolan offer (despite, having better knowledge of the strong Free Cash Flow trends that CVC exhibited in Q1 results this morning), we believe investors have been left no choice and MUST VOTE AGAINST the $36.26 Dolan offer to…
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