Sprint has signed a deal with the newly formed Mobile Leasing Solutions, LLC, which has been created by a group of equity investors including Sprintâs majority owner and parent company, Softbank Group. Roughly $1.1 billion cash infusion occurred through this sale and lease-back deal. Notably, Sprint anticipates sale of 2.5 million leased devices with a projected book value of $1.3 billion to Mobile Leasing Solutions. The lease-back deal is intended to reduce one of Sprintâs biggest expenses â the cost of buying millions of new devices.
SAN DIEGO - April 8, 2010 - Qualcomm Incorporated (Nasdaq: QCOM) today announced a quarterly cash dividend of $0.19 per common share, payable on June 25, 2010 to stockholders of record at the close of business on May 28, 2010.
A: The compliance date is March 12, 2010. Accordingly, qualified custodians must deliver account statements for all periods ending on or after March 12, 2010. Thus, quarterly statements ending on March 31, 2010, must be sent by qualified custodians directly to clients. The account statement need only cover the period between the compliance date and March 31, 2010 (but may of course also cover periods before March 12).