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The infrequently updated space of Jordan Garbis, founder of Haystack Media and digital strategist living in NYC. Jordan's reachable by tweet or by email (jgarbis at gmail dot com).



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    Feb
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  1. Deal Journal: Sprint Nextel: Officially a 'Deal From Hell'

    Oh that hurts, Sprint.  Despite aggressive pricing cuts yesterday that now place them as the lowest priced carrier - undercutting even T-Mobile, the WSJ has a new story up today detailing something we armchair economists already knew: the Sprint-Nextel merger is a failure.  

     The company yesterday reported a net loss of $29.45 billion, thats more than the company is worth, they have a market cap of $25 billion.  And yes, most of it is due to an additional writedown of $29.7 billion.  And I thought I had it bad with LVLT.  

    Run for the top of the hill Sprint longs, after they have to dismantle all of their cell towers and sell them at auction to Verizon, it’ll be the only place you’ll get service! Deal Journal - WSJ.com  : Sprint Nextel: Officially a ‘Deal From Hell’


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