Sprint Loses $326 Million, 1.3 Million Customers

November 7, 2008 in Sprint

While much of the technology industry reported decent days on the stock market, Sprint had a day - and quarter - it would like to forget. The company reported $326 million in 3rd Quarter losses and over 1.3 Million Customers abandoned the brand. Sprint’s stock followed, tumbling down 12+ percent at times during the day.

Isn’t this the company who said it sold more units of the Samsung Instinct than it has of any other phone? What exactly is going on here? The fact that they repeatedly sit on the bottom of customer service quality surveys, it seems like the performance falls in line. But this once proud company seems to be getting something very, very wrong… what is it?

Now they’ve sold off their towers, launched the XOHM 4G brand and allowed 3rd party investors to fund what has become the New Clearwire company. But where is this company headed? Its clear that Nextel is nothing but a ball-and-chain but it appears the company will continue to push on with the brand. What can Sprint do to reclaim some type of positive standing in the wireless industry?

Letting T-Mobile purchase them would be a good start.

[Via Google Finance]

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