Sprint/Nextel’s Woes

Sometimes in retrospect you can look back and be glad in the judgment of having made a correct decision. Our company’s decision to switch from Nextel to Verizon a couple of years back was one of these instances. I read with interest in the Wall Street Journal of Sprint/Nextel’s huge 30 billion loss in the previous quarter, due largely in part to a write down in the value of the Nextel division. Our company’s experience with Nextel has been well chronicled here in the past, and I was in no way surprised to learn of Nextel’s difficulties. For the scores of other construction companies who still use Nextel, the question has to be asked, is it time to get off a sinking ship?