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Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Victim of beating in Kent last week is declared dead at Akron hospital
Dad accused of forcing son into field, killing him
Can DNA tests free ex-Akron captain?
Man found dead in North Akron home is identified
Browns' roster nearly devoid of consistent players
Coventry man killed in crash at I-77 ramp
Does it work? Test team returns to try out new products advertised on television
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Friday Night Notebook
Patrick McManamon:
Browns vs. Lions live …
Akron Zips:
Akron trounces Howard to reach .500
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Robiskie, Harrison inactive
Kent State Sports:
Kent State blown out in second half, loses to Temple 47-13
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Four area football teams play tonight
All Da King's Men:
The Sunday Sanity Challenge
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (69) The Brookings Institute Study on "Bending the Curve" – Four General Strategies
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Silverdome Potentially SOLD!
Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
A Random Rant on Testing
Akron Gamer:
Nintendo's Mario endures even as games come and go
Analyst says board likely to revive Nextel
By Chris Fournier
Bloomberg News
Published on Wednesday, May 07, 2008
Sprint Nextel Corp. could get as little as $5 billion if Chief Executive Officer Dan Hesse opts to sell the Nextel business, a fraction of the $36 billion the wireless carrier paid in 2005, according to Cowen & Co.
Sprint might seek to spin off or sell the division, the Wall Street Journal reported, citing people familiar with the matter. The company, which bought Nextel Communications Inc. three years ago, might sell Nextel for $5 billion to $8 billion, New York-based analyst Tom
Watts said.
Shedding the unit, which cost Sprint almost $30 billion in writedowns last year, could make Sprint a more attractive acquisition target, according to analysts including Deutsche Bank's Greg Miller. The move also would help Hesse focus on Sprint's own network, which avoided the customer-service and quality complaints that plagued Nextel.
''You'd have one less network to deal with, so you'd reduce some of the complexity,'' Robert W. Baird & Co.'s William Power said.
The Houston-based analyst said there is less than a 50 percent chance Sprint will sell or spin off the assets, because the board probably wants to give Hesse more time to revive the business.
Sprint is the third-biggest U.S. mobile-phone company.
Miller said Nextel might be worth as much as $10 billion. Goldman Sachs Group Inc.'s Jason Armstrong in New York estimated the division's value at $8 billion to $10 billion.
The Journal reported that Deutsche Telekom AG is examining a takeover offer for Overland Park, Kan.-based Sprint. The purchase would make the German company's T-Mobile USA unit the largest mobile-phone company in the U.S.
About 25 percent of Nextel's subscribers fled in 2007, leaving the unit with about 13 million. Last month, Hesse, who took over in December, said the network could still attract enough users to become profitable.
Sprint Nextel Corp. could get as little as $5 billion if Chief Executive Officer Dan Hesse opts to sell the Nextel business, a fraction of the $36 billion the wireless carrier paid in 2005, according to Cowen & Co.
Get the full article here.
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