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.
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it's the "jumping ship" that is causing the problem. The more that leave, the worse the problem gets.
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Do you blame them though? You gotta think they're looking out for themselves and not the good of the company. It's unlikely the company will honor those that stuck around when and if they pull out of this, so what's to gain in sticking to a falling company?
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It's failing BECAUSE people are leaving. And people are bailing out BECAUSE it's failing.
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.
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.
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EXACTLY.... i absolutely LOVE working for Sprint.. they take care of their employees.. i would never "jump ship" due to some temporary dip in stock.. yes they have dropped but i know it's not long term.. Dan Hesse is going to do WORLDS for Sprint.. No one should bad mouth them at all..
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I wonder how they plan to raise $3 billion to pay off debt? Garage sale, cake walks, car wash? Maybe a bingo tournament, with a shiny new Instinct as the grand prize.
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lol who would even want the instinct???
samsung phones are junk, horrible reception.
samsung phones are junk, horrible reception.
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I would SO be there for a cake walk! Nobody does those things anymore. Cake is good stuff. Especially Ice Cream cake...mmmmmmmm cake.
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