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Once Promising VOIP Company Headed in the Wrong Direction. Change the company name, change wireless to VOIP, slide the decimal point over a few places, and this same story could be about ViaTalk next year.
Sprint Looks to Slice
By Scott Moritz
1/14/2008 5:10 PM EST
Sprint is swinging the ax as wireless subscribers flee in large numbers.
The No. 3 mobile phone service is preparing to cut "thousands" of employees, according to a report in The Wall Street Journal that cites people familiar with the plan.
The news comes just three days after TheStreet.com first reported that Sprint lost more than 500,000 wireless customers in the fourth quarter.
A Sprint representative declined to comment.
The Reston, Va., telco has confounded investors, who have watched the company spiral downward the past two years amid a robust wireless market.
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