Tuesday, October 11, 2011

Sprint can't seem to get a break

Lately, it seems anything and everything Sprint does just gets them in worse stock market/business trouble. They announced they were going to get the iPhone, at long last but what happens? They say they're going to buy 30 million of the things, investors think it's too much, a bad idea so the stock falls 10%, right off the bat. The fact is, Apple more recently reported that pre-orders for the new iPhone 4S hit 1 million, surpassing the previous model so it looks like it might be good for Sprint. But who knows? The latest bad news for Sprint is that Standard and Poors says they may downgrade their stock. These guys just can't get a break, can they? Links: http://www.kansascity.com/2011/10/03/3183886/closing-bell-sprint-stock-falls.html; http://online.wsj.com/article/BT-CO-20111010-708117.html

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