Things got a bit better at Sprint (S) last quarter. Revenue rose from $9.79 billion in the quarter a year ago to $10.44 billion. Net income went from $197 million to $261.
According to The Wall Street Journal, Sprint now has 53.1 million subscribers to 61 million at Cingular (T) and 59.1 million at Verizon Wireless (VZ)(VOD).
Sprint’s forecast for the current year is disappointing. Almost no growth expected.
The means that the Sprint WiMax network roll-out in about two years will be absolutely critical to the company’s long-term prospects and the investment that companies like Intel (INTC) and Motorola (MOT) are making in the technology.
Douglas A. McIntyre
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