Layoffs coming at SPRINT

Justin Green wrote:

>
>
> http://www.marketwatch.com/news/yhoo...A3FAD515B20%7D
>
> Here's the article, but I didn't see anything about layoffs. More talk
> about recombining the stocks.
>
>

Yeah- I saw that one. The other I remember was more of an Op-Ed piece.
Damn, I need to stop reading so much -I can't remember where I saw it.

---

› See More: Layoffs coming at SPRINT

"Scott Stephenson" <[email protected]> wrote in message
news:[email protected]...
> Justin Green wrote:
>
> >
> >
> >
http://www.marketwatch.com/news/yhoo...A3FAD515B20%7D
> >
> > Here's the article, but I didn't see anything about layoffs. More talk
> > about recombining the stocks.
> >
> >
>
> Yeah- I saw that one. The other I remember was more of an Op-Ed piece.
> Damn, I need to stop reading so much -I can't remember where I saw it.
>


http://www.bizjournals.com/kansascit...8/daily26.html

Here's a story about sprint layoffs - 9/10/03.

"Scott Stephenson" <[email protected]> wrote in message
news:[email protected]...
> Justin Green wrote:
>
> >
> >
> >
http://www.marketwatch.com/news/yhoo...A3FAD515B20%7D
> >
> > Here's the article, but I didn't see anything about layoffs. More talk
> > about recombining the stocks.
> >
> >
>
> Yeah- I saw that one. The other I remember was more of an Op-Ed piece.
> Damn, I need to stop reading so much -I can't remember where I saw it.
>


http://famulus.msnbc.com/famuluscom/...0.asp?bizj=KAN

Here's another one with some estimates.

Justin Green wrote:
> "Scott Stephenson" <[email protected]> wrote in message
> news:[email protected]...
>
>>Justin Green wrote:
>>
>>
>>>
>>>
> http://www.marketwatch.com/news/yhoo...A3FAD515B20%7D
>
>>>Here's the article, but I didn't see anything about layoffs. More talk
>>>about recombining the stocks.
>>>
>>>
>>
>>Yeah- I saw that one. The other I remember was more of an Op-Ed piece.
>>Damn, I need to stop reading so much -I can't remember where I saw it.
>>
>
>
>
> http://famulus.msnbc.com/famuluscom/...0.asp?bizj=KAN
>
> Here's another one with some estimates.
>
>
Thanks- not the one I saw, but they talk of pretty severe layoffs, which
speaks to my original point.

"Scott Stephenson" <[email protected]> wrote in message
news:[email protected]...
> Justin Green wrote:
> > "Scott Stephenson" <[email protected]> wrote in message
> > news:[email protected]...
> >
> >>Justin Green wrote:
> >>
> >>
> >>>
> >>>
> >
http://www.marketwatch.com/news/yhoo...A3FAD515B20%7D
> >
> >>>Here's the article, but I didn't see anything about layoffs. More talk
> >>>about recombining the stocks.
> >>>
> >>>
> >>
> >>Yeah- I saw that one. The other I remember was more of an Op-Ed piece.
> >>Damn, I need to stop reading so much -I can't remember where I saw it.
> >>
> >
> >
> >
> > http://famulus.msnbc.com/famuluscom/...0.asp?bizj=KAN
> >
> > Here's another one with some estimates.
> >
> >
> Thanks- not the one I saw, but they talk of pretty severe layoffs, which
> speaks to my original point.


One intersting point is if they are considering combining the stocks again,
that would indicate maybe they're not planning on selling PCS to someone
else.

Justin Green wrote:

>
>
>
> One intersting point is if they are considering combining the stocks again,
> that would indicate maybe they're not planning on selling PCS to someone
> else.
>
>

At first glance, I thought the same thing. But the more I think about
it, I wonder if there doing this in hopes of eventually getting a higher
price for it. As it is now, the tracking stock gives potential buyers a
true look at the market value of PCS. If it is consolidated back into
the FON stock, they might be able to eventually command a little higher
price- the visibility to value would be a lot less. Of course, all of
this is just my opnion.

Justin Green wrote:

>
>
>
> One intersting point is if they are considering combining the stocks again,
> that would indicate maybe they're not planning on selling PCS to someone
> else.
>
>

At first glance, I thought the same thing. But the more I think about
it, I wonder if there doing this in hopes of eventually getting a higher
price for it. As it is now, the tracking stock gives potential buyers a
true look at the market value of PCS. If it is consolidated back into
the FON stock, they might be able to eventually command a little higher
price- the visibility to value would be a lot less. Of course, all of
this is just my opnion.

sprint is only struggling because they hired a ton of unneeded people
when the economy was up. now that it is so bad they are releasing
people to get back to the payroll of a few years ago. Mostly what they
are doing is cutting programs that are not making any money. The lay
offs are also not only in PCS. They are hitting all over sprint.
Sprint is not really in trouble they are just not going to do as much as
they used. They are cutting projects like that sprint ion and so on.

-Brandt



[email protected] (HC ) wrote in article
<[email protected]>:
>
>
>
>
> > > [posted via phonescoop.com]
>
> > While the articles you have read today may not mention it specifically,
>
> > many articles over the last eightenn months have consistently pointed
>
> > out the weakness and unprofitability of PCS. This is a division that
>
> > has never made money, and has been mentioned more than once as a
>
> > candidate for selling and being taken over by another provider. And no
>
> > company lets a news story mentioning 10,000 potential layoffs go
>
> > unresponded to if there isn't some truth to it. And a company does not
>
> > potentially lay off over 10% of their workforce if they are not in
>
> > trouble. All the spin in the world can't hide the fact that this is a
>
> > company that is struggling much more than the competition, and in an
>
> > industry that won't have room for the weaklings for very much longer.
>
> >
>
> > And I can't remember the last time posting an independent news story
>
> > qualified as trolling. The real story hurts sometimes.
>
>
>
> Where in the world would you get a figure of 10,000 employees?? That's
> more than half of PCS workforce. You are making up your own figures.
>
> >
>
> [posted via phonescoop.com]

[posted via phonescoop.com]

In article <[email protected]>,
"Justin Green" <[email protected]> wrote:

> One intersting point is if they are considering combining the stocks again,
> that would indicate maybe they're not planning on selling PCS to someone
> else.

Au contraire, it makes it much easier to sell it off from an accounting
and bookeeping point of view.

In article <[email protected]>,
[email protected] (Brandt Elster) wrote:

> sprint is only struggling because they hired a ton of unneeded people
> when the economy was up. now that it is so bad they are releasing
> people to get back to the payroll of a few years ago. Mostly what they
> are doing is cutting programs that are not making any money.

Exactly. SprintPCS is losing money (as always).



> The lay
> offs are also not only in PCS. They are hitting all over sprint.
> Sprint is not really in trouble they are just not going to do as much as
> they used. They are cutting projects like that sprint ion and so on.
>
> -Brandt

Justin Green wrote:

> http://famulus.msnbc.com/famuluscom/...0.asp?bizj=KAN
>
> Here's another one with some estimates.

While lay-offs are never a good thing for the working people. It sounds
like it really might be GOOD overall for Sprint.

I know at MY employer, they just signed a agreement for Sprint to handle
all thier local, LD and wireless needs. And our company is not in any
sense of the word, Small.

Scott Stephenson wrote:
>
> Justin Green wrote:
> > "Scott Stephenson" <[email protected]> wrote in message
> > news:[email protected]...
> >
> >>Justin Green wrote:
> >>
> >>
> >>>
> >>>
> > http://www.marketwatch.com/news/yhoo...A3FAD515B20%7D
> >
> >>>Here's the article, but I didn't see anything about layoffs. More talk
> >>>about recombining the stocks.
> >>>
> >>>
> >>
> >>Yeah- I saw that one. The other I remember was more of an Op-Ed piece.
> >>Damn, I need to stop reading so much -I can't remember where I saw it.
> >>
> >
> >
> >
> > http://famulus.msnbc.com/famuluscom/...0.asp?bizj=KAN
> >
> > Here's another one with some estimates.
> >
> >
> Thanks- not the one I saw, but they talk of pretty severe layoffs, which
> speaks to my original point.

3-5k layoffs is NOT severe. Try 40,000, which my company is in the
process
of doing. 3-5000 is NOTHING for a big business.

In article <[email protected]>,
Michael Arends <[email protected]> wrote:

> Justin Green wrote:
>
> > http://famulus.msnbc.com/famuluscom/...0.asp?bizj=KAN
> >
> > Here's another one with some estimates.
>
> While lay-offs are never a good thing for the working people. It sounds
> like it really might be GOOD overall for Sprint.
>
> I know at MY employer, they just signed a agreement for Sprint to handle
> all thier local, LD and wireless needs. And our company is not in any
> sense of the word, Small.

The MSNBC says:
One person said that will cost 3,000 jobs. Another expects 5,000 or more.

Which is interesting since a Sprint apologist wanted to make it sound
like there might not be layoffs. I agree with the math that $1 billion
more likely equals 10,000.

It's certainly good for Sprint to have a big deal with Boeing.

http://www.kansas.com/mld/kansas/business/6685764.htm

In article <[email protected]>,
Michael Arends <[email protected]> wrote:

> 3-5k layoffs is NOT severe. Try 40,000, which my company is in the
> process
> of doing. 3-5000 is NOTHING for a big business.


1 layoff is a big deal if you are the one. And usually layoff is not the
correct term since these people will not be rehired in a few months when
business picks up again. Thats Detroit in the old days. The United
States has lost going on 3,000,000 jobs since Bush took office. That is
something.

"Phill." wrote:
>
> In article <[email protected]>,
> Michael Arends <[email protected]> wrote:
>
> > Justin Green wrote:
> >
> > > http://famulus.msnbc.com/famuluscom/...0.asp?bizj=KAN
> > >
> > > Here's another one with some estimates.
> >
> > While lay-offs are never a good thing for the working people. It sounds
> > like it really might be GOOD overall for Sprint.
> >
> > I know at MY employer, they just signed a agreement for Sprint to handle
> > all thier local, LD and wireless needs. And our company is not in any
> > sense of the word, Small.
>
> The MSNBC says:
> One person said that will cost 3,000 jobs. Another expects 5,000 or more.
>
> Which is interesting since a Sprint apologist wanted to make it sound
> like there might not be layoffs. I agree with the math that $1 billion
> more likely equals 10,000.
>
> It's certainly good for Sprint to have a big deal with Boeing.
>
> http://www.kansas.com/mld/kansas/business/6685764.htm

Yep! That's the one.