The beginning of the end...
Sprint Nextel may take $31B write-down of wireless value
OVERLAND PARK, Kan. (AP) — Sprint Nextel (S), the nation's third-largest wireless provider, said Thursday it may have to write off up to $31 billion in value.
The company said that an annual review of its goodwill — what a company is worth beyond its assets — determined that the actual value of its wireless goodwill was less than what is recorded on its books, currently valued at $31 billion.
Now the company is determining how much of a blow the balance sheet will take.
"Based on the work completed to date, Sprint Nextel will be required to record a material, non-cash impairment charge that will represent a substantial portion, and potentially all, of the ...
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OVERLAND PARK, Kan. (AP) — Sprint Nextel (S), the nation's third-largest wireless provider, said Thursday it may have to write off up to $31 billion in value.
The company said that an annual review of its goodwill — what a company is worth beyond its assets — determined that the actual value of its wireless goodwill was less than what is recorded on its books, currently valued at $31 billion.
Now the company is determining how much of a blow the balance sheet will take.
"Based on the work completed to date, Sprint Nextel will be required to record a material, non-cash impairment charge that will represent a substantial portion, and potentially all, of the ...
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yesVZW said:...
Sprint Nextel may take $31B write-down of wireless value
OVERLAND PARK, Kan. (AP) — Sprint Nextel (S), the nation's third-largest wireless provider, said Thursday it may have to write off up to $31 billion in value.
The company said that an annual review of its goodwill — what a company is worth beyond its assets — determined that the actual value of its wireless goodwill was less than what is recorded on its books, currently valued at $31 billion.
Now the company is determining how much of a blow the balance sheet will take.
"Based on the work completed to date, Sprint Nextel will be required to record a material, non-cash impairment charge that will represent a substantial port
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🤣 Nothing like paper money, Hesse will not be able to save that worthless company!!
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worthless... sprint offers and outstanding product at more than fair prices... fix the customer service and billing problems... all better
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It takes money to improve customer service and reduce billing errors. Money they aren't collecting by giving away service for dirt cheap... see the solution now? Raise prices, increase capital, increase spenditure...
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the company has plenty of doh. they treat their employees like kings and are building a Sprint studio (which is completely unneccesary but still proves my point). plus anyone with 60 million subscribers is gonna have the cash. the plans may be a little low, but the service they get with them is fantastic... customers haven't been leaving because of the product and network... just customer care and billing issues which is being solved right in front of our eyes... i see improvements everyday i come to work. i've seen 3 of my customers leave to go try out ATT and the curve and then come back because the data wasn't working for them. people don't really complain about verizons network (except for data) but they say the charge too much when t...
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da309392 said:...
the company has plenty of doh. they treat their employees like kings and are building a Sprint studio (which is completely unneccesary but still proves my point). plus anyone with 60 million subscribers is gonna have the cash. the plans may be a little low, but the service they get with them is fantastic... customers haven't been leaving because of the product and network... just customer care and billing issues which is being solved right in front of our eyes... i see improvements everyday i come to work. i've seen 3 of my customers leave to go try out ATT and the curve and then come back because the data wasn't working for them. people don't really complain about verizons network (except for data) but
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Yes worthless treating customer like crap by making them spend countless hours fixing Sprint lame billing mistakes, makes Sprint a worthless company. Need examples? How many years has Sprint been trying to fix their crap cs and billing issues, try ten years! And your new CEO Mr Hesse, well his bright idea is to hire more off shore workers, and reduce the American work force! Brilliant! Do you want to talk about Sprint last quarter results?
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dan hesse wasn't around last quarter. customer care has been bad for about 2 years kiddo. do you wanna talk about your network? didn't think so
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Sure lets talk about Verizon, you go first! Customer care bad for only two years hahahah 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 Wow you don't know crap about Sprint! I take it back there is no point in talking with you....learn something about how worthless Sprint is then come back.
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I had sprint back in the day, and i work for sprint now. i know a little bit about the company, and how my roomate with verizon doesn't get signal inside our apartment. get out of here fanboy
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Means nothing as far as stock price goes. Its already priced at half book value. Sprint is not going anywhere. Their assets are valuable. They would be bought out for book asset value. "Goodwill" is ONLY the additional worth of the name. When the trade name beoomes a v\\aluable asset it is called Goodwill/ So big deal they write 31billion off in good will/ They still have HARD assets that totale less then their current stock price AND they are still profitable.
Sprint will in all likely hood be sold. IN fact they truned down a multi billion dollr offer not too long ago!!!I would not be surprised if Google bought them.
Sprint will in all likely hood be sold. IN fact they truned down a multi billion dollr offer not too long ago!!!I would not be surprised if Google bought them.
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