Most Fools don’t believe in Sprint Nextel
The few who do believe in Sprint are betting that its fourth-generation (4G) WiMAX network, built in concert with Clearwire
“The wireless sector is poised to grow exponentially in the near future and live content that requires lots of bandwidth will necessitate a 4G platform,” Foolish investor surena wrote last month.
Uncork the Champagne, Fool.
Sprint and Clearwire this week announced its rollout schedule for WiMAX service in three of the country’s biggest cities: Los Angeles (Nov. 1), New York (Dec. 1), and San Francisco (late December). Comcast will partner with Sprint and Clearwire in lighting the San Francisco network.
Two things make this news interesting for investors. First, the timing. Verizon
Second, and more important, is the network itself. Although Verizon is reported to have struck a deal with Apple
Sprint. Monopoly. How often have those two words met in the same sentence?
So far, Fools are more excited about infrastructure suppliers such as Skyworks Solutions
Now it’s your turn to weigh in. Would you buy Sprint Nextel at these levels? Please vote in the poll below and then leave a comment to explain your thinking.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He had stock and options positions in Apple at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. The Motley Fool owns shares of Apple and Qualcomm and is also on Twitter as @TheMotleyFool. The Fool’s disclosure policy is maxed out for the moment. One moment, please.