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| NASCAR's Sprint Cup could get name change? A private-equity buyout group that features some prominent ex-Nextel executives considered a takeover of Sprint-Nextel last year, through the Carlyle Group. That particular deal never got anywhere, in part because of the amount of money involved, around $100 billion to buy the whole operation. But there is still a lot of curious talk about Sprint Nextel, following the recent ouster of boss Gary Forsee. What it all might mean for NASCAR's Nextel Cup soon-to-be-titled Sprint Cup series is unclear: The Carlyle Cup? Well, the Nextel Sprint merger has been rocky, to say the least. First, all the Nextel guys who put together the NASCAR deal abruptly left the company. Then just a few weeks ago Forsee got the boot, too, amid questions about the company's direction. These are big-money stakes. Still, a deal of some sort could get footing. Particularly in light of Sprint Nextel's precipitous third-quarter net-income decline, announced yesterday. And the company issues a warning about the fourth quarter too. Sprint Nextel, which is the nation's third-biggest wireless operator, reported net income of $64 million for the quarter, compared to $279 million last year. Revenues also dropped slightly to $10 billion. And noteworthy with regard to the Carlyle angle: James Hance Jr., who is Sprint Nextel's interim chairman, is a senior adviser to the Carlyle Group. Carlyle men Daniel Akerson, Bill Conway and Bill Kennard also have had ties with Nextel -- Winston-Salem Journal Winston-Salem Journal | NASCAR Notebook: Apparently, any driver can win at Texas track |
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| Re: NASCAR's Sprint Cup could get name change? Quote:
NEXTEL nix'd the Cingular/AT&T thingee because of a name change... Then NEXTEL became Sprint but it was noted, I believe that this name change/merger was in the offing when NEXTEL took over so that made it all good. Now NEXTEL, Sprint, or what-the-Hell-ever they call themselves these days becomes Carlisle? I tell you folks...Maybe I'm just an old fart and not in tune to today's business world but, IMNSVHO these tel com and dot com business are trouble, from the git-go. When it comes to business I don't trust any of them. Every thing I see about them tell me they are a bunch of jerks who believe in the philosophy of "Let's get the profit today and screw tomorrow!" Yeah, I know. I'm ranting and venting on the Internet which id s totally dot com and Tel Com. Their service is OK, at best, but their business plan is questionable.
__________________ Bob I think we ought always to entertain our opinions with some measure of doubt. I shouldn't wish people dogmatically to believe any philosophy, not even mine. Bertrand Russell (1872 - 1970) Chad Knaus: “I do my best work when I’m not allowed at the track.” |
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