Sprint Nextel posted a $29.45 billion quarterly loss as the wireless carrier took a massive charge for its 2005 acquisition of Nextel. Sprint said it would quit paying dividends and warned subscriber losses are accelerating. Oops.
read more | digg story
It was supposed to be a good year for Sprint. They had exorcised the Nextel name from NASCAR. The top series is now the Sprint Cup Series. Then, just before the season got underway, came a big round of layoffs. Now this.
No comments:
Post a Comment