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Competitor Says Sprint's Prospects Are Improving

Mon Jun 30, 2008 - 5:11 PM EDT - By Jay Gross

While stories about Sprint's recent troubles have been plentiful of late, the company may be on the road to better times, and the source for that is unimpeachable: a competitor!

According to the Wall Street Journal, the president of Verizon, Denny Strigl, told investors that Sprint's performance over the last month has improved. Of course, he also said that the improvements haven't impacted Verizon.

Sprint's stock responded to the assessment, rising by 13 percent last week. According to Sprint, the news is all good about the new Samsung Instinct, which has seen strong sales since its introduction June 20. With a new Treo imminent, too, the news might improve even more. Or not.

The struggle is far from over, however, as Sprint still has serious competition from AT&T and Verizon Wireless. Moreover, rumors persist that Deutsche Telekom might buy them out.

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