2/20/2009

Sprint Nextel's shares rose 20% after the telecom posted its fourth-quarter earnings and investors saw that the No. 3 wireless carrier's loss of 1.3 million subscribers from a year earlier was better than they had feared. In his conference call with analysts, Sprint CEO Dan Hesse said the company's marketing message would increasingly focus on its discounted prices. "In this economy, I think that becomes important," he said.

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