Archive for February, 2008
Latest financials confirm it: Sprint and Nextel probably shouldn’t have merged
Friday, February 29th, 2008
Well, it looks like the aggressively priced unlimited action really didn’t come a moment too soon. We’re no economists here, but it doesn’t take rocket science, a Ph.D., collegiate level maths, or even a fancy calculator to crunch the cold, hard numbers coming out of Sprint Nextel’s fourth quarter earnings call. For starters, the number three carrier in the US reported a net loss of nearly .5 billion, which — get this — is more than the combined value of its outstanding stock. Let us reiterate for emphasis and drama value: Sprint lost more money in the fourth quarter of 2007 than the company is worth. Wow. If it’s any consolation, the staggering figure is largely due to a .7 billion write-down of Nextel’s value, which as the Wall Street Journal lays out, makes the 2005 merger officially a “Deal From Hell.” With postpaid subscribers continuing to migrate to other carriers, there’s no telling how to stop the hemorrhaging — especially if the fresh unlimited plan doesn’t end up doing the trick — but something tells us the move to Kansas isn’t going to magically patch it all up.
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The good wife’s guide
Friday, February 29th, 2008
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The Many Looks of Britney Spears
Friday, February 29th, 2008
Now that she’s finally getting back on the road to sanity, Britney Spears is looking more and more healthy. And yesterday she was as busy changing outfits as she was with her schedule.
Thursday morning, the “Toxic” mommy enjoyed a visit with her sons Jayden James and Sean Preston. Reportedly they spent three hours together on what was their third visit since last Saturday. According to an insider, Britney is hoping to get “three visits per week” with her kids.
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