Thursday, February 28, 2008

Sprint’s Nextel Deal, A $29.5 Billion Loss

Om Malik at GigaOM said I'd be awed, no I am dumb founded!, I really thought Ebay-Skype was a big deal.
Sprint Nextel reported a $29.5 billion loss, scratched its dividend and lost 683,000 customers. The company wrote down $29.7 billion of the $36 billion it paid for Nextel in 2005.
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