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Sprint Seeking $7B to Cover iPhone, Network Upgrade Costs

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Bail out!!!!

glinc

Oct 27, 2011, 9:27 AM
Have the government bail them out!! Very Happy
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experiment626

Oct 27, 2011, 9:35 AM
Remember when THIS was the company that was going to buyout T-Mobile? Rolling Eyes
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Slammer

Oct 27, 2011, 10:55 AM
---" Remember when THIS was the company that was going to buyout T-Mobile?"---

Yes I do.

This is precisely why Sprint bid on tmobile. ATT out bid them knowing the outcome of such bid. Those that don't think that the ATT/Tmobile merge is such a big deal, seriously doesn't grasp the repercussions of how it effects the industry.

This is one of them.

John B.
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T Bone

Oct 27, 2011, 11:51 AM
Those who are so concerned about a potential monopoly don't understand that monopolies tend to be very short lived and that being a monopoly tends to be very detrimental to a company. Usually becoming a monopoly is the last stage right before a company dies and disappears.

Consider, it wasn't that long ago that Kodak had a monopoly on camera film. More than 90% of all film sold in the United States. People were demanding government intervention to stop 'the Kodak monopoly'.

What happened?

Well, despite the fact that Kodak actually INVENTED most of the technology behind digital cameras and patented it as far back as 1975, they were caught flat footed by how rapidly the camera industry changed. Their emphasis on the obsolete 'f...
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acdc1a

Oct 27, 2011, 12:46 PM
Government limits competition in the wireless sector by owning and controlling the spectrum. Your monopoly logic is sound in an unregulated environment. Unfortunately wireless (or any communications for that matter) is not unregulated.

If government allows this deal to go through, they need to get out of the spectrum allocation business.
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trey1475

Oct 27, 2011, 12:47 PM
Monopolies tend to be temporary because of government fixes and interventions.
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jhr2112

Oct 27, 2011, 2:29 PM
You are correct. Government intervention has broken up many monopolies in the past, leading to more competition, more companies and more jobs. When I was a kid we only had AT&T. You couldn't buy a phone anywhere but the AT&T store. That was a company that needed breaking up..
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BigRed75

Oct 27, 2011, 1:44 PM
experiment626 said:
Remember when THIS was the company that was going to buyout T-Mobile? Rolling Eyes


lmao I know right?? Sprint is a mess.
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WiWavelength

Oct 27, 2011, 2:23 PM
Sprint (and T-Mobile, too) is "a mess" because it has the audacity to try to compete against the chosen twin progeny of Ma Bell.

AJ
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T Bone

Oct 27, 2011, 5:52 PM
Sprint and T-Mobile are a mess because they are poorly managed....

Every time you think Sprint is about to turn it around, they make another asinine business decision that leads to them going further into the hole, first the Nextel buyout, now the iPhone deal.
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BigRed75

Oct 27, 2011, 9:21 PM
T Bone said:
Sprint and T-Mobile are a mess because they are poorly managed....

Every time you think Sprint is about to turn it around, they make another asinine business decision that leads to them going further into the hole, first the Nextel buyout, now the iPhone deal.


You would think the iPhone deal would work right. In theory it should but Sprint and only Sprint could F that up. Watch.
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T Bone

Oct 27, 2011, 11:36 PM
The problem is that they overpaid for the iPhone, just to break even they are going to have to practically double their customer base or they are going to have to really price gouge iPhone customers and hope that doesn't force them to leave to another network.

If this was 2006 and they had just signed a deal to make Sprint the exclusive iPhone carrier in the US, this would probably work out. But they are now one out of three, and the deal isn't that great.

Right now, it just isn't smart for Sprint to sign a deal which they KNOW will cause them to continue to lose money for the next 3 years before they break even.

If you have huge cash reserves, you cash reserves, you can afford to adopt a strategy of short term losses, when y...
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WiWavelength

Oct 28, 2011, 1:16 AM
T Bone said:
Sprint and T-Mobile are a mess because they are poorly managed....


On what do you base this assessment? Your under informed opinion carries no weight. So, we need some evidence. Specifically, how are Sprint and T-Mobile "poorly managed"?

Are they "poorly managed" simply because their decisions sometimes have less than desirable outcomes? If so, bear in mind that going up against VZW and AT&T could make almost any wireless carrier look "poorly managed."

Additionally, if Sprint and T-Mobile are "poorly managed," then what can they do to improve their respective management, besides sell out to the Twin Bell duopoly?

AJ
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T Bone

Oct 28, 2011, 11:25 AM
"On what do you base this assessment? Your under informed opinion carries no weight. So, we need some evidence. Specifically, how are Sprint and T-Mobile "poorly managed"?

I provided TWO examples of poor management at Sprint;

The Nextel acquisition in 2005, which has been a disaster

The iPhone deal, in which they committed to LOSING $7 billion more over the next 3 years.
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Jellz

Oct 27, 2011, 1:37 PM
That the corporations should bail out the government at this point.
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T Bone

Oct 27, 2011, 5:55 PM
The unfunded liabilities (i.e. the money which they have promised to spend, but do not currently have) of the federal government amounts to over $120 TRILLION....

To put that into perspective, economists estimate the combined value of the entire WORLD economy is about $60-$80 trillion.

So....bailing out the federal government would literally require more money than exists in the entire world.

If we want a bailout, it's time to start looking for help to aliens from other planets.
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DAntiVirus

Oct 27, 2011, 6:16 PM
The aliens wouldn't help. They would just blow up the planet to make room for a inter-galactic superhighway. It would be more cost effective and less of a headache for them. ;)

After all, seeing how lame duck our Congress is now, would your really want to give them money?
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T Bone

Oct 27, 2011, 11:43 PM
"After all, seeing how lame duck our Congress is now, would your really want to give them money?"

Congress has more than enough money, they just need to start spending it more wisely.
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Fredd

Oct 28, 2011, 8:45 AM
DAntiVirus said:
The aliens wouldn't help. They would just blow up the planet to make room for a inter-galactic superhighway.


And then they would celebrate razing the planet with a round of Pan-Galactic gargle blasters!
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Tofuchong

Oct 27, 2011, 7:00 PM
How about aliens from this planet, as in, Migrant workers?

We all know about the problems that exist in the southern states that are tightening the noose on illegal aliens and migrant workers. Relax the laws, and the workers will come back, and help build the economy. The economy is the problem, and we have to stop relying on outside sources for money.
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T Bone

Oct 27, 2011, 11:42 PM
When you already owe more money than exists in the entire world, 'migrant workers' ain't gonna do jack. We could conquer entire countries, seize their GNP, and it STILL wouldn't cover even HALF of our debt.

There literally isn't the money, anywhere in the world to cover the liabilities that the government has.

The only realistic option is to reduce your liabilities, which means we are going to have to start breaking those promises, we are going to have to start telling people 'sorry, we ain't paying you because we ain't got no money.'


The current rate of government spending is simply unsustainable...what is happening today in places like Greece, Ireland and Spain, will be happening in 2015 right here in the US if we don't reduce...
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KOL4420

Oct 28, 2011, 2:13 PM
Smile Logic. I wish our government had it
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