Sprint Showing Improvement But Concerns Remain

Piper Jaffray has published a research report for currently Underweight rated Sprint Nextel Corporation

since recent checks suggest improvement in Sprint's postpaid sector. However, Piper Jaffray writes that "[c]oncerns remain. Despite the signs of a turnaround to fundamentals for Sprint, we remain cautious due to the likely funding requirements for Clearwire

and near-term impact on free cash flow from network modernization efforts." Sprint Nextel Corporation closed yesterday at $4.36.