Shop Talk
Another nail in the coffin...
Aug. 6 (Bloomberg) -- Sprint Nextel Corp., struggling to stanch mobile-phone customer defections, posted a third straight quarterly loss and plans to raise $3 billion to help pay off debt, pushing the stock down the most in five months.
The shares declined as much as 9.9 percent in New York trading after Sprint, the third-biggest U.S. wireless carrier, reported a loss of 12 cents a share. About 776,000 contract subscribers fled last quarter and Sprint disappointed analysts by predicting higher defections in the next three months.
How many more nails does this coffin have? If I were a Sprint employee at this point, I would be jumping ship for greener pastures.
It's the same kind of event that caused the stock market to crash.
If Sprint wants to stay afloat, it sounds like they have to stop that cycle somehow. Unlimited Everything doesn't appear to be doing it.
samsung phones are junk, horrible reception.