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Sprint Loses More Money Than Its Worth!

by Ronen Halevy on Feb 29th, 2008 at 9:44 am EST
4 Comments »
 

SprintlogonewRight on the heels of announcing their “simply everything” plan that is not really everything Sprint has shocked us with their Q4 results for 2007. I usually do not mention this kinda thing since financials bore me but as Joshua Karp of BoyGenius explains this is some pretty serious dough that Sprint has lost.

Over the course of 2007, Sprint lost $29.5 billion. That’s a lot of money, but here’s the real kicker. Ready? Sprint is currently valued at $23 billion. Is this sinking in yet? We can be a bit more clear, just for the sake of argument. During the 4th quarter of 2007, Sprint lost over $6 billion more than it’s worth.

I am starting to think that all the unlimited plans in the world are not going to help. They have been bleeding customers like crazy but this is just ridiculous!

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This entry was posted on Friday, February 29th, 2008 and is filed under News.
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4 Comments to “Sprint Loses More Money Than Its Worth!”

  1. Posted by: portorikan
    March 2, 2008 at 5:28 pm EST

    Wow, that is insane. I’m on Sprint and like the service and pricing.

    I think competitor advertising is taking it’s toll along with less/no exclusive phone models.

  2. Posted by: Ronen Halevy
    March 2, 2008 at 11:34 pm EST

    Yeah they have the EVDO down right but I am not sure why they are bleeding customers so badly

  3. Posted by: ch000855
    March 18, 2008 at 10:54 pm EST

    The loss in the 4th quarter was due to a write off from the Nextel merger..consumer customers are the ones leaving..Sprint has great assets and their is the best kept secret in wireless. And the Simply everything DOES include everything…text messages, unlimited web surfing, unlimited voice, Sprint TV, and anything else..I’m on the plan so I know!

  4. Posted by: DWS Brian
    March 20, 2008 at 3:26 pm EST

    The prod at Sprint’s Simply Everything plan not being “everything” was most likely referring to the additional $20 users with Blackberry Exchange Servers will have to pay. You MAY still use Blackberry devices without the exchange server (i.e. Use your own personal e-mail) as well as other PDAs for the base rate of $99.99 a month. BB users can still enjoy their push e-mail at this rate as long as it DOES NOT use BES.