NEWS: Sprint Nextel Posts $29.5 Billion Loss

<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.

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

John,

You blathered (falsely, I might add) about CDMA.
And, were corrected - multiple times.

Now, you are trying to claim some sort of credit???
For being WRONG?? (as to the cause of Sprint's problems)

You certainly are one piece of work...


"John Navas" <spamfilter1@navasgroup.com> wrote in message
news:6r6gs394d938u4si85j0189bqivolknqfk@4ax.com...
>
> Deep, deep trouble, as I've been predicting all along.
>
>

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.

Anon E. Muss wrote:
> WiMAX will save their ass and it looks like it they need it ASAP.

Not likely. There have thousands of cellular voice communications
users and a mere fraction of potential data user, who in many areas
can get faster speeds via DSL or cable.

But didn't the Nextel acquisition cost $29.7 billion?

"John Navas" <spamfilter1@navasgroup.com> wrote in message
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.
>