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Sprint casts its lot with data; telecoms lose voice

Sprint is the last of the Big Three long-distance phone companies in the past two weeks to announce that it will reorganize in an effort to boost its sinking stock price.

 

  latest developments 

Sprint is the last of the Big Three long-distance phone companies in the past two weeks to announce that it will reorganize in an effort to boost its sinking stock price.

"I believe the substantial discounting of the terrific opportunities that lie ahead is unjustified and is particularly unjustified in the case of Sprint."

- Sprint CEO William Esrey

 


Sprint is latest to shift to data from voice
video | update The flight from consumer long-distance continues, as the company's executives warn of earnings weakness and outline their planned transition to a data services business.

Phone giants' grand plans come unbundled
As some of the nation's biggest telecommunications companies tear themselves apart, their once-unquestioned strategic goal of offering all things to all people is under fire.

WorldCom CEO loses his swagger
video Wall Street conqueror Bernie Ebbers, WorldCom's chief executive, seems to have lost his swagger after admitting mistakes and asking shareholders for patience.

AT&T makes its four-part breakup official
update After much anticipation, the telecommunications giant acknowledges it will spin off its cable and wireless units and list a tracking stock for its consumer services division.

previous coverage
Long-distance: Elevated earnings or eventual erosion?
While telecom giants AT&T, WorldCom and Sprint are all taking different approaches to converting themselves into data-services companies, they all worship one gospel truth: The consumer long-distance business is dead.

Wall Street cool to WorldCom restructuring
update Investors are unimpressed with the company's creation of a tracking stock for consumer long-distance, sending its stock even lower.

WorldCom confirms long-distance tracker, lowers expectations
update The long-distance giant becomes the latest provider to separate that business from its other offerings in an attempt to turn around a dwindling stock price.

Regulators watching AT&T breakup
One unanswered question following AT&T's announced plan to split into three separate companies with four stocks is how the move will be viewed by federal regulators.

AT&T, others use spinoffs to cover weak business tracks
Spinoffs and tracking stocks for slower-growth communications units are coming into vogue, but some analysts question how helpful they can be.