Sprint Turns Around...Almost

Posted by Kallan Dahn Wednesday, August 6, 2008

Sprint has been performing much better in the second quarter. The 2Q results are in and it looks like Sprint has managed to band-aid their bleeding customers. Sprint did still manage to loose 776,000 post paid customers. Dan Hesse Sprint Nextel CEO attributes the better than expected numbers to the introduction of the Samsung Instinct and their Simply Everything Plan. Sprint posted a Net loss in the second quarter of $344 Million, compared to profit of $19 Million only a year ago. Sprint must now sell $3 Billion in convertible preffered stock to pay down their debt. Sprint has a long way to go, but it looks like their ship is finally headed in the right direction!

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