Filed under: WIRELESS
Shares of Sprint Nextel on Friday sunk $2.87, or 25%, to $8.70 after news that it planned to fire 4,000 employees and close some stores to cut costs as its customer base drops. The stock prices of AT&T and Verizon also dipped slightly after the announcement. “The broader question here is whether this is the tip of the iceberg in a deceleration of the U.S. wireless market over all,” said Craig Moffett, an analyst at Sanford C. Bernstein & Co. (The New York Times 1/19)
Nokia and Facebook are working on porting the social network on to Nokia handsets in a major way, we have learned. The Facebook placement could be as prominent as the YouTube button on the main screen of iPhone, our sources indicate. Also, the deal involves giving Facebook a major slot within Nokia retail products’ displays. (http://www.paidcontent.org/entry/419-nokia-and-facebook-working-on-mobile-deal-could-involve-inv*stm*nt 1/20)
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