Sprint an attractive takeover candidate?
Monday, March 3rd, 2008Sprint (S: chart, web, Y!) has been down in the dumps lately. Actually for the last several years (or more accurately since they merged with Nextel). They just wrote down $29 billion, or the equivalent of that same Nextel merger.
Sprint is a poorly run company, not just at the executive level, but all across the board (although new CEO Dan Hesse is making a valiant effort to turn that around). Their marketing department never really sold the Nextel technology, and little money went into preserving the customer base Nextel generated. On top of that, Sprint didn’t spend enough …
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