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1. Comment - Sprint leaps onto the 'unlimited' heap with voice + data plan

   (Mar 4, 2008 - 9:19 AM)

   "These companies are making BILLIONS of dollars of profits and gouging the eyeballs out of consumers in doing so."
   
   Are you freakin' LITERATE?
   
   Sprint _lost_ 29 BILLION BUCKS last year! Yeah it was largely a writedown from their horribly botched Nextel acquisition (and Sprint's management du jure problems didn't help) but they're blowing through cash. Before the results they announced the impending layoff of another 4000 employees (over the 5000 they dumped last year) and closing of over a hundred corporate stores. Since their results (and hey-hey-look-away-from-our-problems-shiny-new-plan handwaving) this week they've gone on to borrow 2+ billion buck line of credit to cover their bills.
   
   So no, being a cell carrier isn't, as much as the outraged whining would have it, a license to mint money. If it was every bank, fund, and VC would be pumping money into new ones (and all of those new ones are folding pretty much monthly.)