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November 23, 2009 1:58 AM ET

Sprint Nextel Corp. (S:NYSE)

LAST $3.76 USD
CHANGE TODAY -0.09 -2.34%
VOLUME 61.0M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Sprint Nextel Corp. (S)

OPEN
$3.82
PREVIOUS CLOSE
$3.85
DAY HIGH
$3.86
DAY LOW
$3.74
52 WEEK HIGH
05/20/09 - $5.94
52 WEEK LOW
11/20/08 - $1.35
MARKET CAP
10.8B
AVERAGE VOLUME 3 mo
77.7M
DILUTED EPS TTM
$-1.07
SHARES OUTSTANDING
2.9B
S Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICSprint-Nextel

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S Details

Sprint Nextel Corporation offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States and internationally. Its Wireless segment provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies. Its wireless mobile voice communications services include basic local and long distance wireless voice services, voicemail, call waiting, three way calling, caller identification, directory assistance, call forwarding, speakerphone, and voice-activated dialing features, as well as roaming services; and wireless data communications services comprise Internet access and messaging, email services, wireless photo and video offerings, and mobile entertainment applications, as well as asset and fleet management, dispatch services, and navigation tools. This segment also offers walkie-talkie services; and sells accessories, such as carrying cases, hands-free devices, batteries, and battery chargers, as well as handsets and accessories to agents and other third-party distributors for resale. In addition, it provides Sprint-branded post-paid, Boost Mobile-branded prepaid, and wholesale wireless services over the company’s CDMA network in the United States, Puerto Rico, and the U.S. Virgin Islands; and Nextel-branded post-paid and Boost Mobile-branded prepaid wireless services over the iDEN network. The company’s Wireline segment provides wireline voice and data communications services, including domestic and international data communications using various protocols, such as multi-protocol label switching, Internet protocol (IP), IP-based frame relay, managed network services, voice over IP, and traditional voice services. It also offers wide-area network and long distance services, as well as operates an all-digital long distance and 40 gigabyte capacity Tier 1 IP network. Sprint Nextel was founded in 1899 and is headquartered in Overland Park, Kansas.

56,000 Employees
Founded in 1899

S Top Compensated Officers

Chief Executive Officer, President, Director,...
Age: 54
Total Annual Compensation: $1.2M
President of Sprint Nextel iDEN
Age: 52
Total Annual Compensation: $1.2M
President of Network Operations and Wholesale
Age: 53
Total Annual Compensation: $412.5K
Chief Service Officer
Age: 50
Total Annual Compensation: $575.0K
Compensation as of Fiscal Year 2008.

Key developments for Sprint Nextel Corp. (S)

Sprint Nextel Corp. Approves Amendment to the Corporate Bylaws

Sprint Nextel Corp. announced that its board of directors has approved an amendment to the corporate bylaws allowing the record holders of shares representing at least 10% of all issued and outstanding common stock to call a special meeting of shareholders. To call a special meeting, shareholders must submit a written request to the Secretary of the corporation that meets certain requirements stated in the bylaws, including those related to the timing of similar items or the timing of meetings already scheduled. The action follows approval at company's May 2009 annual meeting of a shareholder proposal requesting this action.

Station Casinos Inc. Selects Sprint Nextel Corp. and MobileAccess Networks Inc. to Provide Wireless Indoor Coverage for its Guests and Staff

Red Rock Casino, Resort & Spa has teamed up with Sprint Nextel Corp. and MobileAccess Networks Inc. to provide wireless indoor coverage for its guests and staff. The new network delivers enhanced wireless coverage in casinos, convention and meeting areas, back-of-house areas and corporate headquarters and ensures reliable coverage for a variety of wireless communication applications throughout Red Rock's facility, which includes 94,000 square feet of meeting space, nine restaurants and multiple entertainment venues. Station Casinos Inc., which owns Red Rock Casino, Resort and Spa, selected the Sprint Custom Network Solutions (CNS) and MobileAccess solution as their property standard for in-building wireless because of the best-in-class, multiservice Distributed Antenna System (DAS), competitive pricing, broad service and device portfolio. Red Rock Casino Resort and Spa is Station Casinos' second property to deploy the multiservice DAS. In May, the company announced a similar deployment at the Aliante Station Casino +Hotel in North Las Vegas.

Sprint Nextel Corp. to Cut 2,500 Jobs in the Fourth Quarter of 2009

Sprint Nextel Corp. announced that the company will take actions in the fourth quarter of 2009 to reduce internal and external labor costs by at least $350.0 million on an annualized basis. The actions include the elimination of 2,000 to 2,500 positions within the company. The impact on geographic locations will vary, and many impacted positions will be eliminated by December 31, 2009. The company expects to recognize a charge of approximately $60.0 million to $80.0 million during the fourth quarter of 2009 for severance and related costs associated with the reduction.

BusinessWeek Rankings

IT 100
2006  #36

Stock Quotes

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S $3.76 USD -0.09
PRED (JO) 1.26 JOD 0.00
MO $18.98 USD -0.23

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S Competitors

Company Last Change
Cisco Systems Inc $23.46 USD -0.22
Comcast Corp $15.01 USD -0.03
KPN KON €11.60 EUR -0.285
Time Warner Inc $31.64 USD -0.66
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Industry Analysis

Valuation S Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.6x
Price/Cash Flow 2.4x
TEV/Sales NM Not Meaningful

S

 | 

S transactions

Type
Date
Target
Bankruptcy
October 20, 2009
ATLAS Traffic Management Systems, LLC
Merger/Acquisition
October 18, 2009
iPCS Inc.
Merger/Acquisition
July 27, 2009
Virgin Mobile USA, Inc.
View More S Transactions...

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