MetroPCS Communications, Inc. (PCS)

[bowonwing]

ERIC is moving and shaking. S&P has a Buy rating but only an $11 price target. Two of the institutional investors I follow, Primecap (Vanguard) and Dodge & Cox are the one, two institutional holders of ERIC. I am watching this one.

Any comments on PCS? I way I see it LEAP needs PCS a lot more than PCS needs LEAP. LEAP totally blew it by rejecting PCS's offer in 9/07. Now I think PCS could be making an offer but LEAP wants more, probably a lot more, and PCS is not going to give it them. Then again, maybe PCS is not interested in LEAP.

One thing I do know, there are too many wireless service providers in ring right now. There is about 180 vendors out there. It is going to be interesting.