dedub

Letters don't get sent out and individual shareholders aren't given a choice.

I guess we won't know for certain until tomorrow or whenever the deal is publicly announced, but the handful of buy outs I have had happen to stocks I hold always gave me the option of accepting the offer or not.

I have never had a 'forced' buy out, although kraft foods recently split into 2 companies and split out into 2 separate stocks which I didn't have any option or control over the split values.

edit:

I am guessing that if indeed there is a forced sell, what will happen to your calls is they will be exercised and you will get paid the $3 and no longer own them.

Then you will be forced to sell 70% of your remaining position for the $7.30 offer.

So, assuming 1000 shares exercised @ $3 = $3000, + the other 1000 70% (700 shares) is sold for $7.30 = 5110, leaving you with $8110 cash and 300 remaining shares of sprint.

If you can close out your calls for less than $4, you would keep those shares to be sold as part of the 70% @ 7.30 and eek out a little more profit along with ending up with more shares remaining owned.

I thought when I switched back to my evo3d from iphone5 that it said I was renewing my contract or something.

"and tender for another $12 billion worth of the shares from existing holders at a price of $7.30 a share,"

 

It makes it sound to me like all current shareholders of Sprint stock will be selling 70% of what they own to SoftBank at a price of $7.30. I'd imagine this would happen automatically.

I've only been playing the market for a couple years, but no it does not happen like this.

What it means, I am pretty sure, is that all sprint shareholders will get an email from their broker with softbanks offer of 7.30 (or whatever it will end up as). You will *choose* whether to sell your stocks to softbank, or you can keep them.

The 70% means that once they reach 70%, the offer will terminate and if you did not already accept the offer then you will have to keep your stock.

If that is the case they usually just take a look at outstanding shares and don't take into account open options positions. So if I own X shares of Sprint but 50% of those shares were used to write covered calls I still think 70% of my total shares would be sold automatically to SoftBank.

the 70% applies to the sprint stock as a whole, not yours in particular.

If stockholders do not accept the offer, and softbank does not get their 70%, then I would expect that either they will go with whatever they got and either buy market price (which will likely be even higher than 7.30 at that point), or they will have some type of exit clause that scuttles the whole deal (or partially).

Just guessing here. I could buy back those calls (or the number of shares those calls imply) but it doesn't seem like a smart move since it will be priced pretty close to the $7.30 and if the deal falls through I've basically paid the max price.

Well, really it depends on how far above or below 7.30 the stock ends up in january. If it flat lines at ~$7 or if goes up or drops after softbank buys the amount of stock they need.

Let's say you closed out your calls buy paying $4. That would put your cost back @ around $7 but for whatever reasons the stock goes up to 8 or 9 or even higher.

On the other hand, as you said, i you paid $4 and the stock dropped back below $7 you would lose twice (by closing out your call, and the fact you could have had whatever profit from selling @ $3).

Well it boils down to this; You bet on sprint shares being less than 3$ in January Since share prices have already done past $3, you can simply consider that you sold those shares for $3 + whatever you got when you sold the calls.

So, if you have 2000 shares total, 1000 are sold for $3 and you lose out any additional profit on those shares.

Meanwhile, the other 1000 shares (or whatever you got), you can keep, or sell for whatever price you can get (ie 7.30 whatever softbank final offer is).

You still made money, you just made alot less than you could have if share price had stayed under 3.

if it makes you feel any better, I had a bunch of sprint that I sold around $4.60 a few months ago that I am wishing I had held on to.

No, I'm long Sprint. When I bought it somewhere around $2.40 I also sold Jan calls for 50% of my stake with a strike of $3. So essentially I'm only long half of what I bought but I'm wondering how it would be handled in this sale. If I were to sell 70% of my stock how would the short calls be handled?

You won't be able to sell 70% of your stock, you can only sell the stock that is not under a covered call. Unless perhaps if you did a naked call. But if you did that you will have to buy enough stock (at whatever price you can get) to cover those calls.

you would either;

a) do nothing and sell those lots for $3, so you will keep the .60c per share profit + whatever you got paid for your covered calls.

b. try to close those covered calls, this will likely cost you more than you got paid for them (you will be losing money) but you will get to keep your shares, which ideally if the price goes up high enough may offset what you have to pay to close your calls.

c) depending on share price vs options price (and if you have the cash or margin available), it might be better to try to buy new shares to replace your covered calls.

I think changing names would be dumb.

But it makes more money for sign and stationary businesses.

Hmm I should go buy some of those stocks now.

Perhaps I have not been clear. Android 4.0 and up do not have that option available to them as Google has done away with it.

on my htc evo 3d, 4.03 (meanrom) I can move apps to sdcard.

it has less than 1g of usable built in storage

maybe its different for non-htc or something newer than 4.03, I can't check my n7 since unfortunately it don't have sdcard.

yeah, I understand not loading the NV contractors, but main thing that I wonder about is why pull the old equipment at all, especially if its working.

ie at what point does the cost removing it become less than the cost of leaving it there (unused/powered down, but ready to re-activate).

The legacy panels will be removed in the future by another subcontractor. After the legacy deinstall at a site, 95% of NV sites will only have one panel per sector.

I had wondered about that, why they would spend the money to separately de-install old panels after getting NV up, and not somehow migrate them into the NV network and used as spares or additional/reserve capacity.

I am not familiar with tower contracts, so I am guessing it probably has to do with lowering lease and/or power costs, but I would think that it costs more to have crews remove legacy equipment than to just leave it installed and unplugged where not needed, so it would (seem to) be a simple matter of turning the power back on if/when needed.

I'm sure they have run dozens of cost/benefit analysis about it, so no doubt they are doing it for good reasons, but it just seems a a waste to of manpower and equipment to remove stuff that is still in working condition.

sheeze clwr doing way better than sprint, it's up huuuuuge over 70% @ $2.20+

clwr volume over 110m and still going

I had some double or nothing $5 sprint jan calls that sold at open for over double.

Still holding on to my sprint and clwr stock for now though.

PCS Tower spacing would never create a nationwide BRS network. I think you'd need to increase the towers be 50% to be able to come close to 100% BRS

But there is not necessarily a need to go 100%, even with current tower spacing and 2.5 on every one of them, that would be a magnificent increase in capacity.. leaving the lower frequencies available for the more distant connections.

I heart Sense. It's come a long way since the winmo days.

Folks like to say its bloat, but really there are a lot of integration that sense has done way before it has become common, like contacts syncing and integrating with facebook etc. I think its awesome how my contacts are populated with current facebook profile pictures and status automagically. When I look at the jellybean or iphone contacts, i think bleh.

Widgets like favorite people, agenda, friend stream, even bookmarks make it even better.

The sense 4 lockscreen is hands down the more useful than anything else available.

My only gripe with htc/sense is the extra time it takes to get updates (both android and sense specific).

Ideally they should try to modularize sense into separate optional components, like the launcher/home screens, widgets, facebook/twitter/flickr integration, that can easily be updated separately while maintaining the android os base.

oh, also the enhanced notification windowshade, every time I use a non-sense device I want to cry with no MRU/multitasking icons or quick settings.

If it was I wouldn't be able to see myself adding another 2 year shackle to my ankle.

you don't have to sign up for 2 years now on clear, you can get hotspot or usb dongle at best buy for 50 bucks or less (but they did make me activate the first month), but you can cancel any time.

google clear voyager

As tempting as it may be with LTE, I won't buy a carrier subsidized 2 year contract tablet without/until they have unlimited data. I will stick with either a clear unlimited hotspot or tether plan and a cheaper wifi model.

I'm with the others;

8 gig + microsd = ok

8 gig + no microsd = bad bad bad

I have an 8 gig nexus 7, and I had to delete nearly every other game of significant size to install/update bards tale or horn.

I don't know if its specific to the n7 or jellybean, but it starts freaking out when free space gets below 200 or so megs, which when you only have about 5.7, gets even more cramped.

http://investors.sprint.com/calendar.aspx?IID=4057219

Has/did anyone get to see/listen to this conference that sprint cfo was supposed to speak at?

I love that the company in control if the iPhone experience is Apple, not the carrier.

I prefer android, but I respect apple and the iphone ecosystem.

That said, I think the above quote exemplifies the single greatest thing that sets apart the android vs apple equation.

Apple (and att for that matter) made a huge risk as apple being in the driver seat.

Google and android shortcut everything by being open and allowing pretty much unlimited customization, both carrier and device manufacturer (albeit there are still limitations if you want to stay within the google ecosystem).

The nexus line is google trying to reign in the control, but the cat is out of the bag now. I think it will take a truly groundbreaking nexus phone, that google can control absolutely and show everyone that 2 can play apple's game.

Other than perhaps the nexus 7, the nexus line while nice and pure google, I think is safe to say that none of them have been mind blowingly ground breaking.

Google must deliver a device which offers the 'tightness' of the iphone's quality and simplistic efficiency, while keeping the openness and customization that customers want, with the future-proofing of consistent upgrades and improvements in software.

Hey what does your mobile network say?

connected?

Checked my ma's gnex and noticed the below today, this was in the arnold mo area

That particular model also has serious issues getting good throughput. I've seen a max of about 8-9 Mbps on it when the network could do double that with the home modem. Much lower signals too. But hey, it's small...and the field test system is one of the best I've seen.

Thanks for the reply. I think I've only seen 10+ meg on either of my evo's a couple times, so up to 8-9 would be fine with me and better than I typically see anyway.

By field test, do you mean the 4g info shown on the advanced settings? or is there some special url or way to access more info?

unlimited as long as you're using the network properly, and not abusing it.

emphasis mine.

Oh gee, do you really think I don't know this?

Do any of us here *need* to be connected to anything at any time?

Really? A limit of 8 devices annoys you?

Well let's see my gadgets include, 2 phones, laptop, and a tablet. So that is just 4 by myself. Not even including other potentially wireless devices like wii and xbox which are plugged into the ethernet and dsl.

Add 2 or 3 other people in the house and their phone + whatever, plus any number of guests etc.

Obviously not everyone is going to be sucking down netflix at the same time, but once a device has connected, it will tend to stay connected and/or reconnect at will and these connection add up and can prevent other devices from connecting.

And since Idling on wifi (even with a hotspot) is better than the same devices idling on 3g/4g, I would expect less wisecracks about it.