Re: NEWS: Sprint Nextel Posts $29.5 Billion Loss On Fri, 29 Feb 2008 14:51:01 GMT, 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.
WiMAX will save their ass and it looks like it they need it ASAP. |