Sprint PCS - Re: Sprint Nextel Posts $29.5 Billion Loss

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Re: Sprint Nextel Posts $29.5 Billion Loss

Alan Marryat

2008-03-03, 3:33 pm

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

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

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