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Tech Gainers On Major News: Yahoo! Inc., Sprint Corporation, And T-Mobile US Inc.

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Yahoo! Inc. (NASDAQ:YHOO) rose around 4% in last trading session, as firm began complying with government directives to provide user data to the National Security Agency on May 12, 2008, four days following the Foreign Intelligence Surveillance Court of Review found it in contempt of court and threatened daily fines of $250,000 for non-compliance. Yahoo believeed the demands to be unlawful and even fought a legal battle to keep away from surrendering the data but eventually had to give in to the federal government’s demands.

Sprint Corporation (NYSE:S) rose over 6.5% in last session proposes a range of wireless as well as wire line communications services to consumers, businesses, as well as government users. The firm develops, engineers, as well as deploys technologies in the telecommunications sector, in addition to it bills itself as the first wireless fourth generation (4G) service from a national carrier in the U.S. In terms of its brands, the firm as well has Virgin Mobile USA, Boost Mobile, along with Assurance Wireless; instant national and international push-to-talk capabilities, and a global Tier 1 Internet Service.

CEO, John Legere told investors at a conference in New York on Friday that T-Mobile US Inc (NYSE:TMUS) rose over 1.2% on Friday as it declared that it added 552,000 postpaid customers in August, additional customer additions than any other month in the history of the firm. The fourth leading U.S. wireless carrier also added 208,000 pre-paid customers in August. Precious postpaid customers pay for their service following usage, while pre-paid customers pay in advance.

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