John Paczkowski

Recent Posts by John Paczkowski

MetroPCS Bleeding Subscribers as It Waits for the T-Mobile Ambulance

ackroyd_julia_childApproval for MetroPCS Communications’ merger with Deutsche Telekom’s T-Mobile USA can’t come soon enough for the struggling prepaid wireless service provider. The company’s last year as an independent company has proven to be a particularly ugly one.

On Monday, MetroPCS released its latest subscriber reports, and they are, in a word, abysmal. For its fourth quarter, the company posted a net loss of 93,237 wireless subscribers. And that gruesome number brought total subscriber losses for 2012 to around 459,936. MetroPCS ended the year with about 8.9 million subscribers. Quite a change from 2011, which ended with 9.4 million.

MetroPCS’s subscriber results were well below the Street’s expectations, and the company’s stock is being hammered as a result. Shares are down around 2 percent as I write this.

“This is the first time MetroPCS has lost subscribers on a net basis in Q4, which is typically its second strongest quarter behind Q1, and marks the company’s third consecutive quarter of net subscriber losses,” UBS analyst John Hodulik said in a research note. “We believe this underscores the urgency with which the company pursued merger partners before reaching a deal with T-Mobile in October.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik