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Prospector
Profile
3-11-004
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| Sprint Nextel Corp. |
NAICS |
517000 |
| 6200 Sprint Parkway,
Overland Park, KS 66251 |
Description |
Telecommunications |
| (800) 829-0965 |
Employees |
60000 |
| http://www.sprint.com/ |
Revenue |
(mil) |
40146.0000 |
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Income |
(mil) |
-29580.0000 |
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Assets |
(mil) |
64109.0000 |
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Liability |
(mil) |
42110.0000 |
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(for the year ended 2007-12-31) |
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Category:
Loss/Deficit
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Event:
Sprint Nextel Corp. reported $29.4 billion net loss for the 2007 fourth quarter ended December 31, 2007 from $261.0 million net income for the 2006 fourth quarter. For the full fiscal year ended December 31, 2007, the Company incurred $29.5 billion net loss compared to $1.3 billion net income of fiscal 2006. Consolidated net operating revenues in the quarter were $9.8 billion, compared to $10.4 billion in the fourth quarter of 2006. Full-year 2007 revenues were $40.1 billion versus $41.0 billion in 2006. In the quarter, the Company recorded a non-cash goodwill impairment charge of $29.7 billion. At December 31, 2007, the Company's balance sheet showed total assets of $64.1 billion, total liabilities of $42.1 billion and a total shareholders' equity of $21.9 billion.
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Intellectual Property:
The Company owns numerous patents, patent applications, service marks and trademarks in the United States and other countries. Sprint, Nextel and Boost Mobile are among its trademarks. The Company's services often use the intellectual property of others, such as licensed software, and it often licenses copyrights, patents and trademarks of others. In total, these licenses and copyrights, patents, trademarks and service marks are of material importance to the business. Generally, the Company's trademarks and service marks endure and are enforceable so long as they continue to be used. The Company occasionally licenses its intellectual property to others, including licenses to others to use the trademarks Sprint and Nextel. [SEC Filing 10-K 02-29-08]
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Description:
Sprint Nextel Corp. offers a comprehensive range of wireless and wireline communications
services bringing the freedom of mobility to consumers, businesses and government users.
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Officers:
Daniel R. Hesse (CEO & Pres.); William G. Arendt (Acting CFO & SVP & Controller); Keith O. Cowan (Pres.); Robert Johnson (Chief Service Officer); Richard LeFave (Chief Information Officer); Richard S. Lindahl (SVP & Treas.); Kathryn A. Walker (Chief Network Officer); Leonard J. Kennedy (Gen. Counsel)
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Auditor:
KPMG LLP
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Securities:
Common Stock Symbol S; NYSE;
2,848,944,368 common stock outstanding as of February 21, 2008.
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