Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Sprint Nextel
So what: Just last month, Sprint said it would build an LTE network with LightSquared. Today, CEO Dan Hesse told investors that Sprint and Clearwire had entered a "nonbinding cooperation" agreement to build yet another LTE network. To say this is getting silly is insulting silly people.
Now what: Either way, Sprint needs a faster data network to keep pace with the LTE buildouts under way at AT&T
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