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Old 02-29-2008, 10:56 PM
The Bob
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Default Re: NEWS: Sprint Nextel Posts $29.5 Billion Loss

John Navas <spamfilter1@navasgroup.com> amazed us all with the following in
news:6r6gs394d938u4si85j0189bqivolknqfk@4ax.com:

> <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.
>
>


Looks like ATT Wireless from a few years ago, pre-Cingular.

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