10/11/2011, 07:49 AM
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News Hound
 
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Sprint Shares Dive on Cash Worries
Hi all,
FYI.....see link. Take care, Jay October 10, 2011 Sprint Shares Dive on Cash Worries By REUTERS By Sinead Carew http://www.nytimes.com/reuters/2011/...gewanted=print (Reuters) - Sprint Nextel shares fell 8 percent on Monday as analysts slashed their forecasts for the No. 3 U.S. mobile operator, which said last week that it would have to raise new capital. Sprint shares fell 19 cents to $2.22 after analysts cut their price targets for the stock and forecast free cash flow losses. S&P gave Sprint debt a "watch negative" rating.
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