“The company lost 991,000 long-term calling plan subscribers, an improvement from the 1.25 million lost in the previous quarter but worse than the 780,000 shed a year ago,” Everly reports.
“In contrast to Sprint, Verizon gained 1.1 million subscribers in the second quarter and AT&T added 1.37 million while beating analysts’ estimates for earnings,” Everly reports.
Sprint “posted a wider net loss for the second quarter of $384 million, or 13 cents per share. That compared with a loss of $344 million, or 12 cents per share, for the same period last year. Revenues declined to $8.14 billion, a 10 percent drop from the same period a year ago,” Everly reports. “The most recent quarter’s loss would have been worse without a reduction in expenses, including cutting 8,000 jobs earlier this year.”
Everly reports, “Wall Street punished Sprint Nextel’s stock. It dropped 54 cents, or almost 12 percent, and closed at $4.05… The company didn’t report Pre sales, which up to now have been almost entirely in Sprint stores, but said it was the smoothest launch it had ever had for a new product.”
Full article here.
MacDailyNews Take: It certainly sounds smooth. (smirk)
[Thanks to MacDailyNews Reader “iPhoniac” for the heads up.]
“Sprint Nextel said it suffered a net loss of 257,000 customers, a small increase from the 182,000 lost in the first quarter.”
How is a 41% increase in lost subscribers from the previous Quarter considered small?
“The company didn’t report Pre sales, which up to now have been almost entirely in Sprint stores, but said it was the smoothest launch it had ever had for a new product.”
Yeah, they were able to handle the 15 people that wanted one pretty easily. </sarcasm>
Well if we don’t like beleaguered, we can try…
besieged, under siege, beset,.
Hey Road
Thanks for joining in on that beleaguered party
Plus we get to take this show on the road with today’s story about Beleaguered Microsoft
But isn’t that redundant ?
BC
Now – The Beleaguered Fest continues over at
http://macdailynews.com/index.php/weblog/comments/21961/
Brought to you by MDN, home of the all you can eat buffet and tattoo parlor
I’ve always liked
“Up shit creek without a paddle”
macaholic, of course, duh
” width=”19″ height=”19″ alt=”shut eye” style=”border:0;” />
Oh well, hard to remember ALL of them, at the same time
Will include in Version 2.0
BC
I think I’ll start a company named “Beleaguered.” It will have instant name recognition
” width=”19″ height=”19″ alt=”tongue laugh” style=”border:0;” />