Earnings: Virgin Mobile’s Q1 Was Tough; Looking At Strategic Opportunities For Growth

Virgin Mobile (NYSE: VM) released its first quarter earnings today, showing that results were substantially lower compared to the year-ago period, however, were at the upper end of expectations for the quarter. The results are coming out after a week-long run up in their stock and rumors surfacing that they may receive a private-equity investment…We reported last week that one reason for the stock run-up could be expectations of a company sale, or least some part of it, to either a PE, institutional or hedge fund investor, or a strategic. Earlier today, we spoke to Dan Schulman, Virgin Mobile USA’s CEO, and would not address them head-on, but did tell us that they are always looking for opportunities. “We don

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