jmn1207
Premium
join:2000-07-19
Reston, VA
 ·Verizon FIOS
| reply to mlundin
Re: Who cares?
Profit is not the only factor that indicates success. There are plenty of reasons why immediate profit is not warranted as a sole indicator of how a company is doing or if improvements are being made. If you buy your competitor, for instance, the numbers might be in the red for a few quarters, but that would not tell the whole story. While it does not look cheery right now for Sprint, I see them turning the corner and I am another happy customer. If they are spending what money they do have in the right places, which it seems like they are, it's quite possible that they could right this ship. |
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mlundin
join:2001-03-27
Lawrence, KS
 ·Sunflower Broadband
·Comcast
| "Profit is not the only factor that indicates success."
I beg to differ. At exactly what point do we consider sustained quarterly losses in excess of $100 million a success? Profit is the ONLY factor that indicates success. If you can't turn a profit, you won't be in business for long. |
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jmn1207
Premium
join:2000-07-19
Reston, VA
·Verizon FIOS
| said by mlundin  :Profit is the ONLY factor that indicates success. If you can't turn a profit, you won't be in business for long. That is just not true unless you happen to be as short-sighted as the previous CEO's of many failing businesses. Sprint is losing money, but rather than have some pathetic knee-jerk reaction and fire middle management and "trim the fat" to turn piddly salaries into temporary revenue, they are actually spending money on things that seem to be helpful in the long run. A complete resurrection is not just going to happen by magic, Sprint needs to make some drastic changes. It looks as though they are doing just that, and what little information we can publicly find seems to indicate that at least they are making better decisions with their money than the competition.
Your idea of profit being the ONLY factor indicating success is EXACTLY what caused Sprint to be in the situation they are seemingly correcting. |
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