Old 02-28-2008, 09:40 AM Offline   #1 (permalink)



 
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Default Sprint Nextel Bleeds $29.5 billion, Cuts Dividend (PC World)

PC World - Sprint Nextel took a battering Thursday, reporting a US$29.5 billion loss for its fourth fiscal quarter, caused by a write-down from its 2005 acquisition of Nextel and a shrinking number of mobile subscribers.

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