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The company said its $863 million loss, or 29 cents a share, was primarily because of accelerated depreciation from the expected shutdown of the Nextel platform, the smaller carrier it merged with in 2005.
The pressure is already on waste disposal companies to cut prices because recycling, overbuilding of new landfills in the late 1980's and the slower than expected shutdown by towns and counties of older landfills have combined to create surplus disposal capacity.
The timing of this prediction may be ironic given Jawbone's expected shutdown.
Sprint's third quarter 2012 results include accelerated depreciation of $397 million, or negative $.13 per share (pre-tax), primarily related to Network Vision, including the expected shutdown of the Nextel platform.
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The production of crumpets, beer, fizzy drinks, fresh chicken and pork have been affected by shortages of CO2 over the past two weeks, amid longer than expected shutdowns at ammonia and ethanol plants – key producers of the gas – in the UK and also across Europe.
Mr. Robinet said he expected the shutdowns across Japan to extend through the middle of next week, if not longer.
While he said he didn't expect a shutdown in September, Mulvaney said a good shutdown would be one that "fixes this town".
As a result, he said, the companies that provide Internet service have had little reason to expect a shutdown, and so did not prepare alternative communications channels or workarounds.
Expect the shutdown to go on for quite a while until House Speaker Nancy Pelosi (D-Calif). and Senate Minority Leader Charles E. Schumer (D-N.Y). grow tired of the battle and move to shift the political war to a new battlefield.
Few observers, however, expect a shutdown to occur, although the fight could complicate efforts to pass the remaining spending bills.
Given our economy's current volatility, we can expect this shutdown to sock us even harder.
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CEO of Professional Science Editing for Scientists @ prosciediting.com