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Sprint Nextel may be going bankrupt soon

Posted 45 months ago|26 comments|9,255 views
Written by
There appears that the Nascar Sponsor who was dying to get a hold of the rights and their name on the legendary cup series for stock cars are about to go into bankruptcy according to online reports as of late.

Is it any wonder when their fees keep increasing exponentially while their subscribers are reducing at an alarming rate due to in some cases budget cuts, coverage, the lessening of the two-way system that made Sprint Nextel what they were?

As the prices of phones keep going up with the massive unnecessary options, the plans keep getting higher and higher priced as other companies bought up their competition and have rather successfully integrated their plans with little or no changes such as AT&T taking over Cingular Wireless.

I would like to say that I would shed a tear for the phone system that I have wanted for sometime but, with the increases in costs, the poor coverage in many areas surrounding me there was less and less likely hood that I would buy into their deals now.

Before long I would imagine they are hemorrhaging money as the CEO is on TV begging subscribers to buy into their plans. However, they are well known for the fine print for going over your plans numbers leading to excessive charges.

There comes a time when every business must suffer some losses and I would imagine it has become time for cellular companies to suffer from high priced phones, excessively charged plans, and a nationwide budget crunch in the face of their mandatory deals with high priced layouts with little cost breaks.
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COMMENTS
Trek55
Trek55
Nashville, TN
45 months ago: Are you out of your freaking mind? Do you even bother to do your homework before you publish drivel like this? If you check their balance sheets they are financially better off than most of the other wireless carriers especially as it relates to debt ratio and cash on hand. Something that can not be minimized in today's economy. Please share facts, not fiction.
Wayne
Wayne
Olathe, KS
45 months ago: Trek55 is right. Your single source of information gives the impression of a valid financial methodology, but it's not. See http://newsreleases.sprint.com/phoenix.zhtml?c=127149&p=irol-newsArticle_newsroom&ID=1313470.
Lina1
Lina1
Chatham, NJ
45 months ago: You're entitled to express an opinion, but why would you express an opinion when you haven't looked at any facts? Why start/perpetuate unfounded rumors? What is your purpose here? Pursue truth, not falsity - be proud of what you publish, not sorry for it.
DanlP
DanlP
Liberty, MO
45 months ago: Kenser is not only an idiot, he is a semi-literate idiot. Get an editor that can read & write English before you publish any more of your silly pap!
WiserNow2
WiserNow2
Overland Park, KS
45 months ago: The author uses a phrase twice, "I would imagine..." which says it all as to his thinking and any accuracy in his remarks; just another commentator trying to sound like he has some sort of special insight - it's an opinion piece that is desperately trying to sound credible.
45 months ago: So let me suggest that first of all this site is called Rant and Rave – on that note anyone can speak to any topic. However, with that understanding, this allows any individual to extrude diarrhea from their fingertips. I hope he does a better job on his freelance writing than what he demonstrates in his profile. (let me suggest you read his profile)

To speak to his comments:
NASCAR:
• Sprint was not dying to get NASCAR, it was part of the unfortunate merger between Sprint and Nextel.
Increased fees:
• Sprint has lead the wireless industry in lowering monthly costs
I would like to say that I would shed a tear for the phone system that I have wanted for sometime but, with the increases in costs, the poor coverage in many areas surrounding me there was less and less likely hood that I would buy into their deals now.
• I am not sure how to speak to this run on sentence; it is difficult to grasp what manic concepts you are trying to communicate.
However, they are well known for the fine print for going over your plans numbers leading to excessive charges.
• This appears to be a new charge against Sprint – again, difficult to extrapolate the full context of the thought.
There comes a time when every business must suffer some losses and I would imagine it has become time for cellular companies to suffer from high priced phones, excessively charged plans, and a nationwide budget crunch in the face of their mandatory deals with high priced layouts with little cost breaks.
• Wow, this is another example of a wonderfully scripted sentence! Weren't you “ranting” about Sprint? Now you are suggesting that it is every wireless company, come on!
It is sad that this site makes the “news” because of “Published Opinions”.
TheLegendTomWing
TheLegendTomWing
 Administrator
 Philadelphia, PA
45 months ago: Wow, let's try to throw out the ad hominem attacks, J Lee Kenser has been writing since i have been on the site (a long time), he wouldn't write something he didn't believe. Attack the idea, not the person.
DanlP
DanlP
Liberty, MO
45 months ago: Wow indeed. I am new to this site, but if J Lee Kenser is an example of the low level of literary talent attracted to it, there is small wonder that the web site is obscure. My point, like those of wiserNow2 and Fishnuts, is to question the veracity and accuracy of someone to whom English is obviously a third language. I guess that is an Ad Hominem remark. congratulations to the LegendTomWings teachers for giving a background in literary prose.
45 months ago: Being both an existing customer of Sprint Nextel as well as a full time employee, our rate plans are more cost efficient than our competitors and we continue to strive high with more devices that are in demand. Also with the new release of ANY MOBILE, ANY TIME we continue to blow away our competition with being the ONLY NETWORK ON 4G SERVICE IN THAT OF THE EAST COAST, MID WEST AND SOON TO BE RELEASED IN THE NORTH WEST REGION/ HAWAII. As for going bankrupt, Sprint Nextel has long cut over 1.3 million dollars earlier this year in spending costs before laying off over 800 employees. Which allowed us to setup more towers for better service on both CDMA and iDEN NETWORKS(do your homework and maybe you will be able to figure out what I mean). Obviously if one network does not work for you the other should; which is why the dual combination retains and continues to pull in more customers than AT&T and Verizon. Seriously, you seem to be the type of customer us representatives try their hardest to retain yet dump at the same time. Good researching, I hope you enjoy constructive criticism because that all your going to get!
45 months ago: I would expect that anyone who works for the company to have a more positive outlook no matter what company I would refer to. Your livelihood is based upon it.

Pfizer was expanding and purchasing other companies right before they closed a lot of their business entities that were in SW Michigan.

Expansion is no guarantee of anything with this economic turmoil in not only the US but worldwide.

There are a lot of potential customers that can't afford your plans, your phones, or your 4G networks. Not everyone lives in urban settings where many of your towers are being built kind of funny that way huh?
45 months ago: Anyway...back on topic. As a long time sprint customer and nextel before that (I moved to sprint after the merger) this Sprint going under "rumor" has been around for a while. But who knows. They did kill Nextel by putting all of their pre-paid phones on Nextel's iDen network which completely overloaded it.

But Sprint itself has come a long way in the last couple of years. When my contract expired last November I started shopping around the other companies. And Sprint, by far was the cheapest. I use a full data plan, and you cannot beat Sprints prices on that. Data plans are going to be the only plans to get in the near future anyway as more and more people make the transition from the cell phone to the smart phone. Also that plan now allows you to call any cell phone on any carrier for anytime...for free.

So don't count them out....
Out Of The Box
Out Of The Box
 Moderator
45 months ago: From most of the above comments, it looks like Sprint has an online goon squad to seek out and quash any rumors that might damage their public image. Usually a sign of frailty.

Unusual, for a forum like this one, to garner that kind of vehement response from no less than nine brand new members, whose sole purpose in joining was hit and run attacks on the article. This bears further looking into.
Trek55
Trek55
Nashville, TN
45 months ago: People of a like mind asking for facts rather than feelings can hardly be considered a goon squad. Squashing rumors (not sure what a quash is...) should be the goal of any balanced individual in today's world. Just like Mr. Kenser's right to state his feelings, we (the majority of the respondents) have the right to ask for balance in thought and sanity... a novel concept, don't you think?
45 months ago: "Squashing rumors (not sure what a quash is...)"

definite troll tactic...tried and true
Out Of The Box
Out Of The Box
 Moderator
45 months ago: Trek55
You might avail yourself of a dictionary before advertising your ignorance of the English language.

But here's a nifty fact. I tried Sprint. It was crap. Our regional service provider beats them hand down on service and price. The same services I was getting from Sprint, I get for half the amount Sprint charged. The coverage is also far and away superior to Sprint's coverage in my area. I was lucky to get one bar with Sprint, and carrier pigeon would have been faster than their internet service.

Needless to say, I canceled my contract with Sprint before the trial period ended. They only charged me for the full initial month, and I only had to wait six months to get the refund for the returned phone, an HTC Mogul which cost me $498.00.
Trek55
Trek55
Nashville, TN
45 months ago: your selection of carriers is personal and I respect that. my recognition of quash as a verb meaning to put down a rebellion is something I learned today and I thank you for that (but I do believe I said I didn't know what it was, not that you were wrong to use it). All I want is the facts since blogging has taken such a much more prominent place in our exchange of ideas shouldn't we ask for the same conscientiousness here as we do of other sources?

SO does the fact that your experience mean that the company is going out of business?
Out Of The Box
Out Of The Box
 Moderator
45 months ago: Just hope and pray, if you own stock in Sprint, or even yet, if you are employed by them, that the MCI Worldcom scandal is not being perpetrated again.
Trek55
Trek55
Nashville, TN
45 months ago: You mean baked books? Well we agree on one thing, I hope and pray that as well... however, I have little fear of either because I've done my homework. On the other hand if you look at the books the cash to debt ratio for Sprint is FAR better than either at&t and Verizon. So that's what I'm basing my "passion" on, the facts.
Out Of The Box
Out Of The Box
 Moderator
45 months ago: That may be well and true, I personally don't have a dog in this fight, other than to request, along with accuracy, a modicum of human decency when refuting another s perception of the facts. I don't believe any of the above vitriolic responses would have been dared delivered face to face, rather only by chicken-hearted internet tough guys who feel emboldened by being able to hide behind their keyboards.
Trek55
Trek55
Nashville, TN
45 months ago: I can only comment for my own responses and in this world responsibility for yourself is all I ask. My challenges were on the feelings and half-truths picked up from other forums and "editorials". Everyone is entitled to their opinions, but when those opinions are picked up on search threads across the country with headlines such as this rant or rave or whatever it is... then that's irresponsible. Since I'm the only one that's bothered to come back to debate the issue I'll let that speak to my character and intention.
45 months ago: In this day and age of internet advertising becoming very intricate and more cost effective.

No matter which search engine, company stat reports and the like are often skewed one way or another. Anyone who has taken a statistics class can easily attest to that fact.

Any company reporting on other companies who are sponsors on their websites, channels are often skewed themselves by the all mighty dollar.

Living in a more rural part of the country and having owned a Sprint(Nextel when I had it) it didn't cover most of the rural area that I worked throughout.

I am basing my ideas upon the online article I stated, my personal beliefs and my opinions brought about by earlier ownership as well that of those around me who have or had a Sprint phone, etc...
45 months ago: sm, I'm with you on the irony of six new accounts, just for the purpose of defending a questionable company's bottom line.

Will they have financial difficulties in the near future? Probably, how else would a big, publically traded company clear out their debt? Surely they wouldn't use the huge profits they bring in each month to pay down debt, if they did that the top dogs wouldn't get their bonuses and huge paychecks.

Another Kmart in the making if you ask me.

And as for their bragging about the increased coverage and services..... If you live in a rural area, or should I say, in an area with less than 100,000 people, you can forget it, your phone will default to the slowest, least usable service available. And who wants to pay an extra fee for little to no functionality? Better yet, who wants to live in a crowd?
45 months ago: Regarding the ‘online goon squad’, are you serious, only the government does that! Perhaps the six new accounts represent a small portion of employees that were attempting to quash inaccuracies made about a company they have spent many years building. There is a difference between ‘opinion’ and spewing forth words. Before you respond, take the time to go back and read the original text of the rant, seriously take a moment to read it – does it really have anything to do with Sprint listed by Audit Integrity?
This rant was more like a single sided conversation I would expect to hear on a bar stool sometime around 23:00 rather than an article picked up in a “news” search.

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