Ina Fried

Recent Posts by Ina Fried

T-Mobile Shares Drop After Company Details Plan for Follow-On Offering

NYSE Floor

T-Mobile said Monday that it plans to sell 66 million shares in an effort to bulk up its corporate war chest to potentially acquire spectrum or make other capital improvements.

Underwriters will also have an option to purchase up to an additional 6.6 million shares.

Shares, which had closed lower during regular trading, dropped a further 87 cents, or 3.2 percent, following T-Mobile’s announcement.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus