It’s been three weeks since the Palm Pre debuted and Sprint is still having trouble keeping it in stock. This according to Sprint Nextel CFO Bob Brust, who says that supplies of the new handset continue to be tight and that Apple’s new iPhone 3GS hasn’t really had an impact on sales.
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Looks like Sprint is going to keep Nextel after all. Seems it views Nextel’s iDen walkie-talkie network as “a key differentiator” against rivals and plans to aggressively rejuvenate it. Never mind that Nextel might fetch as much as $5 billion that could be used in the company’s market share battle with Verizon Wireless and AT&T. Never mind that it has been hemorrhaging customers even faster than Sprint, adding to the company’s financial woes. Never mind that Sprint CEO Dan Hesse earlier this month said an iDEN sale was a possibility, telling reporters that “everything is on the table.”
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To some, Sprint’s longstanding reputation for lousy customer service, poor network coverage, high churn and Keystone Kops-style management disorganization might be a bit–how can I put this delicately–off-putting. The beleaguered company’s subscriber numbers are dropping like failed calls, as are its shares. Sprint’s stock price has fallen nearly 60% over the past 12 months. It [...]
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