To: Joe Griffin who wrote (14361 ) 6/3/1998 11:39:00 AM From: Zoltan! Read Replies (2) | Respond to of 77400
>>Here is another view of the SPRINT story: From this morning's NY TIMES: Sprint's Presentation Underwhelms On Monday Sprint Corp. treated investors and analysts to a dazzling multimedia display for a planned new communications network. The crowd was unimpressed. << That's your story, not the NYT. Every once is a while there appears someone that seeks to distort news reports to fit their scheme. You meet and exceed that standard. The actual story was far different than your ham-handedly edited distort: Marketplace: Sprint's Dazzling Presentation Underwhelms Related Articles Sprint to Announce Plans for Local Markets (June 2) Sprint Wireless Spin-Off Called Near (May 19) Sprint's Stability Sees Stock Outshine Its Competitors (Oct. 24, 1997) By SETH SCHIESEL When the Sprint Corp. decided to whip up attention for a planned new communications network, it followed a careful plan. On Monday, it invited stock analysts and members of the news media to come the next day to the Richard Rodgers Theater in Times Square for an announcement about "a revolutionary capability that will change the way businesses and homes use telecommunications." Once at the theater, Sprint's guests were treated to a dazzling multimedia display that included a cutaway replica of a technology-energized house on stage. Despite the buildup, Sprint's stock rose just 50 cents on Tuesday, to close at $72.4375. The underwhelming response from investors largely reflected the missing details, in terms of technology and business plan, from the company's presentation. Besides, the shares had already had a strong run-up this year, rising 24 percent to trade at 41 times estimated earnings, mainly on speculation that Sprint would soon be acquired soon, perhaps by a local telephone company...nytimes.com