2Q Results: Motorola; Surewest; Sprint Nextel; BSkyB
Motorola
saw 2nd quarter earnings of $162M v. $26M y/y; the company singled out
its Enterprise Mobility Solutions and Networks businesses for boosting
the bottom line. The Networks business is being acquired by Nokia Siemens Networks. --- SureWest
2Q results got a boost from broadband revenue growth of 7% y/y; overall
the company reported net income (minus severance-related costs) of
$323,000. --- Sprint Nextel added 111K wireless subscribers and showed a net loss of $760M for the second quarter. --- BSkyB's strong 2Q results were boosted by speedy take-up of its HD offering, CEO Jeremy Darroch told financial broadcaster Cantos. Echoing the News Corp party line, the 9.86M sub service says it has no interest in offering free-to-air channels. (No free news for the White House either as News Corp.'s WSJ upped its clipping services by $600k/year.)•
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