NEW YORK (Reuters) – Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) needs another big wholesale customer to make investors less nervous about buying stock in the wireless service provider, which is majority owned by its biggest customer Sprint Nextel (S.N: Quote, Profile, Research, Stock Buzz).

Some on Wall Street worry that Clearwire — which has been seeking almost $1 billion more financing to fund its operations and upgrade its network — is over-reliant on Sprint, with which it has clashed repeatedly in the past.

By Sinead Carew

(Reuters) – MetroPCS (PCS.N: Quote, Profile, Research, Stock Buzz) saw a sharp increase in customer defections in the third quarter as heavy use of bandwith-hungry smartphones hurt its network performance, sending its shares down almost 9 percent in morning trade.

The wireless provider to cost-conscious consumers had bet that the sale of costly smartphones would improve customer loyalty but the devices have had the opposite effect.

NEW YORK, Oct 31 (Reuters) – Leap Wireless third
quarter revenue rose as it added more customers using smartphones
than Wall Street analysts had expected, and its shares rose 8
percent in late trade.

The wireless service provider, which caters to cost-conscious
cellphone customers, said it added 10,000 net customers in the
quarter compared with the average estimate for a loss of 67,000
from six analysts contacted by Reuters.

NEW YORK, Oct 27 (Reuters) – Motorola Mobility Holdings
Inc’s third-quarter revenue rose at a slower pace than
Wall Street estimates as it shipped fewer smartphones than
expected.

Motorola, which has agreed to be bought by Google Inc , said it sold 4.8 million smartphones in the quarter,
compared with the average forecast of 4.96 million by five
analysts contacted by Reuters.

By Sinead Carew and Yinka Adegoke

(Reuters) – Sprint finally owned up to the massive bet it is making on iPhone, sending its shares down as much as 12 percent on Wednesday.

The No. 3 U.S. operator said it could need $7 billion in new financing deals over the next few years to cover a cash shortfall caused by heavy investments in the Apple Inc iPhone introduction and a big network upgrade.

By Sinead Carew

(Reuters) – Broadcom Corp warned revenue could fall as much as 13 percent this quarter due to broad- based weakness in demand, even in wireless, where it supplies chips for Apple Inc products such as the iPhone.

The shares in the maker of chips for products from cellphones to television set-top boxes fell about 5 percent after it forecast fourth-quarter revenue of $1.7 billion to $1.8 billion compared with Wall Street expectations for revenue of $2 billion, according to Thomson Reuters I/B/E/S.

By Sinead Carew

(Reuters) – Texas Instruments (TXN.N: Quote, Profile, Research, Stock Buzz) said revenue will come under further pressure this quarter due to a drop in demand for its chips in almost every market because of macroeconomic weakness.

Shares in the maker of chips for products ranging from cellphones to industrial equipment fell 1 percent in late trade as it could not say when growth would resume, reinforcing fears about the European financial crisis and high U.S. unemployment.

By Sinead Carew

(Reuters) – Verizon Communications Inc wireless subscriber growth was slower than expected in the quarter before the latest Apple Inc iPhone launch, but was still ahead of its biggest rival.

Verizon Wireless, its mobile venture with Vodafone Group Plc, added 882,000 subscribers in the quarter compared with the average analyst expectation for 1.04 million from eight analysts contacted by Reuters.