Metro PCS 2008 Annual Report Download - page 58

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49
Item 3. Legal Proceedings
We are involved in litigation from time to time, including litigation regarding intellectual property claims that we
consider to be in the normal course of business. We are not currently party to any pending legal proceedings that we
believe would, individually or in the aggregate, have a material adverse effect on our financial condition, cash flows
or results of operations.
Item 4. Submission of Matters to a Vote of Security Holders
None.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
Market Information
Our common stock began trading on April 19, 2007 on the New York Stock Exchange under the symbol “PCS.”
Prior to April 19, 2007, there was no established public trading market for our common stock. The following table
sets forth for the periods indicated the high and low composite per share prices as reported by the New York Stock
Exchange.
High Low
Fiscal year ended December 31, 2007
Second quarter $36.68 $27.40
Third quarter 40.33 24.15
Fourth quarter 27.85 15.10
Fiscal year ended December 31, 2008
First quarter $18.72 $14.50
Second quarter 21.83 17.08
Third quarter 17.92 12.98
Fourth quarter 15.98 10.71
Holders
As of January 30, 2009, the closing price of our common stock was $13.59 per share, there were
350,999,607 shares of our common stock outstanding, and there were over 18,000 holders of record of our common
stock.
Dividends
We have never paid or declared any regular cash dividends on our common stock and do not intend to declare or
pay regular cash dividends on our common stock in the foreseeable future. The terms of our senior secured credit
facility and the indentures related to our 9¼% senior notes restrict our ability to declare or pay dividends. We
currently intend to retain future earnings, if any, to invest in our business. Subject to Delaware law, our board of
directors will determine the payment of future dividends on our common stock, if any, and the amount of any
dividends in light of:
xany applicable contractual restrictions limiting our ability to pay dividends;
xour earnings and cash flows;
xour capital requirements;
xour future needs for cash;
xour financial condition; and
xother factors our board of directors deems relevant.