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Sprint cancels $3B convertible stock sale

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Sprint Nextel Corp. said late Thursday it has canceled a proposed $3 billion convertible stock offering that it had announced the day before. – (Sydney Morning Herald — 8 August, 2008)
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Sprint Nextel Corp.’s up-and-down road to recovery continued Wednesday as the company reported adjusted second-quarter results that beat Wall Street expectations as well as a slower loss of subscribers. – (Sydney Morning Herald — 7 August, 2008)
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Sprint cancels $3B convertible stock sale
Sprint cancels $3B convertible stock sale

The wireless carrier cited severance and other costs for its second-quarter loss, but the company said it had slowed the loss of customers. (New York Times — 6 August, 2008)
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Sprint Nextel swung to a loss during the second quarter but still exceeded Wall Street’s expectations and said it had slowed the loss of monthly subscribers. But the third-largest wireless carrier said it expected losses to increase in the third quarter.

(Washington Post — 8 August, 2008)
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