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We already knew MetroPCS signed up a lot of subscribers during Q1 to its cheap, all-you-can-eat wireless service: Last month, the company said it attracted 452,000 net new subscribers during Q1, beating the Street's consensus by 9%. What Wall Street probably didn't expect: That MetroPCS (PCS) would miss consensus on Q1 revenue and EPS.

Monday, May 5

• IAB Leadership Forum: Digital Video
  
• Symphic Technology 5-day Workshop: SQL Server Business Intelligence with Data Mining
  
• Before the bell: Marvel (MVL) earnings call, 9:00 a.m.
  
• After the bell: Divx (DIVX) earnings call, 4:30 p.m., Virgin Mobile USA (VM) earnings call, 5:00 p.m., LookSmart (LOOK) earnings call, 5:00 p.m.
• New Work City Meetup 2, 6:00 p.m.
  

Tuesday, May 6

Filed under: Analyst reports, Home Depot (HD), Bed Bath and Beyond (BBBY), Best Buy (BBY), Intl Flavors/Fragr (IFF), Lowe's Cos (LOW), Analyst initiations

MOST NOTEWORTHY:

An encouraging bit of commentary from AT&T: Its newish $99-per-month, all-you-can-eat calling plan is convincing more subscribers than it expected to spend more money each month on mobile phone service.

Before AT&T (T) introduced the new plan in February, about 1.5% of its new customers would sign up for rate plans of $99 per month and above, CFO Rick Lindner said during today's Q1 earnings call. Now about 4% of new subscribers are signing up for the $99 monthly plan -- almost three times the previous rate.

Filed under: Sirius Satellite Radio (SIRI), Short stories, Activision Inc (ATVI), Level 3 Communications (LVLT)