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Old 02-29-2008, 03:19 PM
Thomas T. Veldhouse
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Default Re: NEWS: Sprint Nextel Posts $29.5 Billion Loss

In alt.cellular.attws John Navas <spamfilter1@navasgroup.com> wrote:
> <http://www.nytimes.com/2008/02/29/technology/29sprint.html>
>
> Sprint?s stock slid more than 9 percent after the company announced a
> $29.45 billion fourth-quarter loss because of a huge write-down
> related in part to its merger with Nextel Communications. The company
> also said it was suspending the payment of its dividend and had
> borrowed $2.5 billion through a revolving credit facility.
>
> Deep, deep trouble, as I've been predicting all along.
>


It doesn't take a genius to see the problems that would arise from trying to
combine two established carrieres; one based on CDMA and on on iDen. Don't
give yourself too much credit.

Also, why the massive cross-post? This doesn't have anything to do with any
other carrier except Sprint.

--
Thomas T. Veldhouse

In the land of the dark the Ship of the Sun is driven by the Grateful Dead.
-- Egyptian Book of the Dead

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