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Analyst Actions: Sprint Nextel, salesforce.com, R.H. Donnelley

Analyst Actions: Sprint Nextel, salesforce.com, R.H. Donnelley

WACHOVIA SAYS SPRINT NEXTEL NEWS IS WORSE THAN EXPECTED

Wachovia analyst Gray Powell says Sprint Nextel's (S) fourth quarter is mostly in line with his estimates. He notes that he expected Sprint to low-ball 2008 guidance. He says while Sprint is not giving 2008 guidance, its insights on the first and second quarters indicate things are much worse than anyone expected.