Monday, September 24, 2012

Sprint’s Stock Outperforms Apple as CEO Sees 2014 Profit

http://www.bloomberg.com/news/2012-09-24/sprint-s-stock-outperforms-apple-as-ceo-sees-2014-profit.html

In his five years running Sprint, Hesse has worked to fix the mess he was handed after the $36 billion purchase of Nextel failed and 7.7 million monthly subscribers fled the carrier. Though he has had his own struggles, such as a turbulent joint venture with Clearwire Corp. (CLWR) and a foray into dead-end WiMax technology, he predicts that Sprint is on track to return to profit growth in 2014, following seven years of losses.

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