Sprint and Clearwire Fight Over Smartphone Finances
The Child Thinks He Has Grown Up.
It appears this is a family feud between child and parent.
No one in this forum knows exactly what is drawn in the rules and regiments under this household. So we can all speculate with inefficient evidence(including myself).
However, My take is this:
Sprint and other investors, spent cash on sending Clearwire off to college. Sprint as the parent, has invested the most. They have essentially given the shirt off it's back to their child by surrendering the network and large cash to the child so he can hopefully prosper in learning the fundamentals. Now the college student comes home from school and is in financial bind. He needs cash and he doesn't care how he gets it.
He can do one of many things. He can try to go to the bank and ask for assistance, or beg his parents for more spending money. The banks have so far, refused any help while the the parents have already given most of their savings to the child and are trying to supplement their cash reserves and find ways to rebuild their savings. However, they are still deciding whether they are willing or able to offer up more assistance in the financial aspects. The child has no time. He needs cash now. He knew ahead of time and for months that certain things weren't to his liking. He ventured anyway because he didn't want to upset his parents that so graciously helped him get a head start in life.
But now he has a major problem. Everything he has done, is not paying off to his satisfaction and he wants to get to the next level without any care of who's toes he steps on.
The parent says they may help but need to think about it. The child throws a tantrum and says the parents are idiots and threatens them. The child says the arrangement was not fully to his liking from the start and seeks to use this tool as a bargaining chip for argument.
The child may have some good points, but is it wise to bite the hand that has fed you? Because who has more to lose here? The parent or child?
I support both companies very much with my business and hope this dispute can come to cooled tempers and compromise, or the parent may have to kick this child out of the house.
- Re: The Child Thinks He Has Grown Up. by CamelTowing
- Re: The Child Thinks He Has Grown Up. by Azeron