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Sprint Posts $344 Million Loss As Users Continue to Jump Ship

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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.

Sprint Posts $344 Million Loss As Users Continue to Jump Ship
Sprint Posts $344 Million Loss As Users Continue to Jump Ship

(Washington Post — 8 August, 2008)
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Sprint Nextel Corp., the nation’s third-largest wireless carrier, said Wednesday it swung to a second-quarter loss on severance and other charges but still beat Wall Street expectations. – (Sydney Morning Herald — 7 August, 2008)
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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 saw some improvements during the quarter, but the company still has a long way to go. (CNET News.com — 7 August, 2008)
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Internet service provider Cogent Communications Group said its loss narrowed in the second quarter as revenue grew 19 percent from a year ago. Cogent also sharply reduced its projections for the year, sending its shares down almost 25 percent.

(Washington Post — 9 August, 2008)
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T-Mobile USA, owned by Deutsche Telekom, is struggling to add new customers as it tries to keep up with bigger rivals, such as ATT and Verizon Wireless. (CNET News.com — 8 August, 2008)
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AOL is finally in a position to shed the dial-up-access business that once offered tens of millions of people their first glance at the Internet.

(Washington Post — 5 August, 2008)
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Troubled mortgage giant reports more bad news, days after the president signed bailout legislation.

(Washington Post — 7 August, 2008)
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