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synopped by: silacon (reach: 48)     category: Business

Sprint Nextel Reports $1.6 Billion Loss In 4 Q

  • Takeaway #1

    Good news at last for Sprint customers and stockholders. Sprint losses slowed considerably as it sheds the last debt of purchasing ailing Nextel. In addition, Sprint will shed 8000 employees then outsource thousands more of jobs. Sprint stock rose in after hours trading from less than $3.00 per share.
  • Takeaway #2

    Sprint-Nextel rolls out wiMax through Clearwire Communications.
  • Takeaway #3

    Sprint serves 50 million customers. Sprint plans to offer the 'Pre' smart phone that competes favorably with the AT&T iPhone combo.
  • Takeaway #4

    Sprint hope its entry into the prepaid phone subsidiary Boost Mobile that announced a $50.00 per month unlimited voice and data service.

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