Virgin Mobile: Still Struggling

Mobile virtual network operators (MVNOs) have it tough. According to RCR Wireless News, Virgin Mobile USA’s stock dropped more than 53% from its closing price yesterday after it reported a $14.7 million loss in the fourth quarter. The MVNO did, however, report net income of $4.2 million for the full year, making 2007 the carrier’s first year to end in the black, the report said.