This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Steve Jobs Remembered: Tech Weekly

Stocks in this article: AAPL HPQ ZNGA PCS S FB

On Wednesday, MetroPCS (PCS) and T-Mobile USA, the U.S. unit of Deutsche Telekom (DT), announced their merger plan. The deal is expected to close in the first half of 2013, with the combined company using T-Mobile's branding. The new entity will have 42.5 million subscribers, according to a statement released by the two companies.

The following day, Bloomberg reported that Sprint (S) is in the "early stages" of considering a counterbid for MetroPCS, as the company jostles to better compete against telecom heavyweights AT&T (T) and Verizon (VZ).

MetroPCS shares gained 8.0% for the week to close at $12.65 on Friday. Sprint finished the week down 5.8% at $5.20.

Zynga (ZNGA) shares plunged in extended trading on Thursday as the social gamer gave a weak outlook.

The San Francisco-based firm announced preliminary third-quarter revenue between $300 million and $305 million. Excluding items, the company expects a result between break-even and a loss of 1 cent a share.

Analysts surveyed by Thomson Reuters were looking for the Facebook (FB) partner to report break-even results on $275.9 million in revenue for the third quarter. For all of 2012, Zynga cut its previous projections for bookings and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization).

Zynga's shares lost 12% for the week to close at $2.48.

Also on Thursday, Facebook announced that it has reached the milestone of 1 billion users.

"If you're reading this: thank you for giving me and my little team the honor of serving you," explained Facebook CEO Mark Zuckerberg, in a blog post.

Facebook shares dipped 3.6% during the week's trading to close at $20.91 on Friday.

-- Written by James Rogers in New York.

>To submit a news tip, send an email to:

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs