What is the reason that Sprint lost the contract? Does anyone have any
information? Navas, do you know anything?


"John Navas" <spamfilter1@navasgroup.com> wrote in message
newsduk1318s5d372aoduh4ig4po7tkptvvhu@4ax.com...
> <http://www.thestreet.com/_htmlbtb/smallbusinesstech/smallbusinesstech/10348860.html>
>
> Sprint's condition looks so dismal that an all-or-nothing bet on an
> unproven wireless technology is actually shaping up as a bright spot.
>
> Tuning out the static surrounding its repeated stumbles, Sprint late
> last month announced a major expansion of its wireless broadband
> project. After originally targeting Chicago and Baltimore, Sprint now
> says it will launch the so-called 4G service in 17 additional cities
> by the end of 2008.
>
> Sprint has budgeted about $2.75 billion for the effort, effectively
> doubling down on a not-yet-standardized wireless format known as
> mobile Worldwide Interoperability of Microwave Access, or WiMax.
> Theoretically, the new network will soon deliver the sort of speedy
> mobile Internet connections that people now enjoy at their desktops.
> ...
> "WiMax is our future," says one Sprint insider who is involved with
> the decision. "There's no margin for error. It's not like we can say
> 'we gave it our best effort' and then move on."
>
> [MORE]
>
> Sprint loses out on major contract
> <http://www.latimes.com/business/la-fi-telecom30mar30,1,3918367.story?coll=la-headlines-business>
>
> Dealing a significant blow to Sprint Nextel Corp., the government
> Thursday awarded the largest-ever federal telecommunications contract
> -- a 10-year deal worth as much as $48 billion -- to Sprint rivals
> AT&T, Qwest Communications and Verizon.
> ...
> The GSA announcement was a serious loss for Sprint Nextel, analysts
> said, because the Reston, Va.-based company has been providing
> telecom services to the federal government for nearly 20 years.
>
> This year, Sprint announced thousands of job cuts amid service
> troubles, a dwindling customer base and difficulty assimilating
> Nextel Communications, which it acquired in 2004. Sprint shares are
> down about 20% from a year ago and the company is forecasting
> near-flat operating revenue and earnings this year.
>
> "It's terrible for Sprint," said technology consultant Warren Suss of
> Jenkintown, Pa. "The federal government was Sprint's first major
> customer since the company started."
>
> GSA officials would not say why Sprint lost out.
>
> [MORE]
>
> Sprint Runs Out of Appeal
> <http://www.thestreet.com/p/_rmct/rmoney/jimcramerblog/10331568.html>
>
> Sprint was a pure takeover target. That's why people owned it. No
> other reason. There was no earnings potential, none as the company
> pretty much telegraphed. You could bank on a disappointment, but
> people couldn't resist it. They believed that no matter how bad it
> was, they could withstand the pain because of the buyout potential.
>
> Of course, as with the Gap, as with Home Depot, when you speculate on
> this nonsense you have a really terrible risk/reward. Sure, Sprint
> could get a takeover bid, but it won't come from $20. It might not
> even come from $17.
>
> Fifteen feels more like it.
>
> Nobody can resist speculating on crummy companies. I just have to
> warn you that any potential buyers of this company know that things
> are crummy there and they aren't interested, either.
>
> The fundamentals of any company must be good enough that you will
> want to buy more if there is a disappointment. It's pretty clear
> today that Sprint owners want out. That's what you get when you make
> a bet on unsound merchandise.
>
> Caveat emptor.
>
> --
> Best regards, SEE THE FAQ FOR CINGULAR WIRELESS AT
> John Navas <http://en.wikibooks.org/wiki/Cingular_Wireless_FAQ>