Sprint Still Struggling
CNET News reports that despite strong sales of its Instinct touch-screen phone, Sprint Nextel reported yet another quarter of losses on Wednesday when it posted second quarter earnings, dashing any hopes that the company was back on track:
“The company has made significant spending cuts, and some of its other efforts to retain customers seem to be working. The result was the company didn’t lose as much money as it had in the first quarter nor did it lose as many subscribers,” the report said.
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