--(www.USEquityNews.com)-- 05/13/2008 - Wireless Communications industry alert provided by U.S. Equity News. Shares of Knology Inc. (NASDAQ: KNOL) rose sharply recently after the cable operator reported a narrower first-quarter loss, leading a Jefferies & Co. analyst to reiterate a "Buy" rating. Knology shares climbed $1.21, or 9.1 percent, to $14.51. The stock has ranged from $8.47 to $19.02 over the past year. Although Knology's quarterly net loss of 9 cents per share was a penny per share worse than the average estimate of analysts polled by Thomson Financial, revenue came in slightly above projections. Jefferies analyst Romeo Reyes called the results solid.
Sprint Nextel (NYSE: S) Corp.'s Dan Hesse had little good news to share recently on the eve of addressing his first shareholder meeting as chief executive of the troubled wireless carrier. Overland Park, Kan.-based Sprint reported a larger first-quarter loss brought on by falling revenue, charges for severance and other costs and the exodus of more than a million monthly subscribers. The company also announced it was exploring the possible sale of noncore assets, though officials didn't give any specifics.
In a continuing effort to provide the best wireless service for local residents in New London County, Verizon Wireless (NYSE: VZ) has activated a new cell site. The new site increases high-speed wireless data coverage and capacity along Boston Post Road and I-95 in Old Lyme, Connecticut. Verizon Wireless has invested more than $45 billion since it was formed to increase the coverage and capacity of its national network and to add new services like BroadbandAccess and V CAST. Regionally the company has invested nearly $2.2 billion into its New England network, including over $292 million in 2007 alone. As a result of these investments, every Verizon Wireless cell site in New England offers wireless broadband connectivity.
Equity Solutions, Inc. announced that it has re-launched its financial news website www.USEquityNews.com. Over the last few weeks, the site has been completely redesigned for easier navigation and search engine optimization to increase investor participation. US Equity News has also added in the ability for our users and subscribers to interact with each other as well as our Company. "We are excited with the launch of our new version of USEquityNews.com. This new look allows our investors, clients and users of the site to easily navigate the site to review our clients latest news, analyst reports, listen to CEO interviews and read Company profiles," commented Eddie Cruz, President of US Equity News. Investors are currently able to view profiles on companies like Diamond I, Inc. (OTCBB: DMOI).
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.
