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Cellular forums Home > Archive > Sprint PCS > March 2008 > NEWS: Sprint Nextel Posts $29.5 Billion Loss
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NEWS: Sprint Nextel Posts $29.5 Billion Loss
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| John Navas 2008-02-29, 10:33 am |
| <http://www.nytimes.com/2008/02/29/t...y/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.
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| George 2008-02-29, 10:33 am |
| John Navas wrote:
> <http://www.nytimes.com/2008/02/29/t...y/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.
>
I guess I am missing your point. Reliable financial commentators called
the "merger" stupid as soon as it was announced.
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| Thomas T. Veldhouse 2008-02-29, 10:33 am |
| In alt.cellular.attws John Navas < spamfilter1@navasgro
up.com> wrote:
> <http://www.nytimes.com/2008/02/29/t...y/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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| Thomas T. Veldhouse wrote:
> In alt.cellular.attws John Navas < spamfilter1@navasgro
up.com> wrote:
>
> 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.
Only John realized that it would be a bad match.
Actually the real problem was that Nextel would have been a good match
for no one, it was just that Sprint was dumb enough to think that
Nextel's very high ARPU and market niche could be maintained over the
long term, and that Nextel customers, when they did change systems,
would automatically go to Sprint. Instead, there was a mass migration to
Verizon. Nextel customers are about the most unhappy campers of any
carrier, due to the horrible coverage at high prices.
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| The Bob 2008-02-29, 10:33 pm |
| John Navas < spamfilter1@navasgro
up.com> amazed us all with the following in
news:6r6gs394d938u4s
i85j0189bqivolknqfk@
4ax.com:
> <http://www.nytimes.com/2008/02/29/t...y/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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| Anon E. Muss 2008-03-02, 12:33 pm |
| On Fri, 29 Feb 2008 14:51:01 GMT, John Navas
< spamfilter1@navasgro
up.com> wrote:
><http://www.nytimes.com/2008/02/29/t...y/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 XXX and it looks like it they need it ASAP.
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| Anon E. Muss wrote:
> WiMAX will save their XXX 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.
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