Sprint loses a little bit of money

Holy…okay. So here’s the deal. Sprint just posted their final sales numbers for the 4th quarter of 2007, and the results are a bit shocking. Sure, we all know that Sprint has been in a bit of a downward spiral for quite some time now, but it seems the real gravity of the situation has escaped everyone…until now. Over the course of 2007, Sprint lost $29.5 billion. That’s a lot of money, but here’s the real kicker. Ready? Sprint is currently valued at $23 billion. Is this sinking in yet? We can be a bit more clear, just for the sake of argument. During the 4th quarter of 2007, Sprint lost over $6 billion more than it’s worth. We’re not economists here, but all signs point to "Woops!" Sprint is in trouble, and no amount of $99 unlimited plans sold is going to stop the bleeding. We’re sure there’s some charitable soul out there willing to spend a couple hundred thousand on your remaining assets, and you can work towards making back some of the lost revenue by embarking on a speaking tour entitled "How to Completely Ruin a Company in 12 Months."

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