Behind Sprint's Sharp Fall

The wireless carrier may not be able to offer new broadband service to customers as quickly as anticipated
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December got off to a rough start for equities in general, with the Standard & Poor's 500-stock index down nearly 9%, to 816, on the first day of the month. But wireless carrier Sprint Nextel (S) saw its stock hammered much more than any of the major averages, with shares down 24%, to 2.11.

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