Sprint Nextel’s much-vaunted launch of the Palm Pre smartphone hasn’t turned around losses in the company’s subscriber base yet, according to second-quarter earnings results. The company said today that it lost $384 million, or 13 cents a share, last quarter, compared to a $344 million loss in the same time a year ago. Losses were deeper than the average 2 cents a share prediction from analysts surveyed by Thomson Reuters. Sprint Nextel fell 11.8 percent to $4.05. Sprint Nextel lost 991,000 post-paid customers, while gaining 770,000 contract-free lines.

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  Despite “record” sales of its Palm Pre, Sprint Nextel (S) is still losing more customers than it’s bringing in.
  Sprint, the no. 3 U.S. wireless carrier, lost 257,000 subscribers last quarter, including 991,000 contract (”postpaid”) customers…
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  Twitter homepage redesign is all about search, streaming trends [NYT]
  Sprint Nextel posts Q2 loss of $384 million [WSJ]
  3 in 5 social network users still use MySpace…

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  Sprint Nextel’s (S) acquisition of Virgin Mobile USA (VM) marks the near-end of the “virtual” wireless network boom. Once Sprint swallows Virgin Mobile, America Movil’s (AMX) super-budget-focused TracFone will be the only huge MVNO…
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  In its latest attempt to show some smartphone muscle, Verizon Wireless says it will offer the Palm Pre in early 2010.
  The words came from COO Dennis Strigl, and they echo earlier comments from company sources…

• Palm Pre Can’t Save Sprint, But Boost On Fire
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• Virgin Mobile-Sprint Deal Marks Near-End Of ‘Virtual’ Wireless Carrier Boom
• RIM tries to grab some Nortel pie
• So That’s Where The Palm Pre Marketing Budget Went …
• Sprint: Defend Yourself Against Verizon’s Palm Pre
• Sprint Gobbles Up Virgin Mobile For $483 million
• Sprint Nextel to Acquire Virgin Mobile USA
• Sprint Nextel To Buy Virgin Mobile USA For $483 Million
• Why Advertisers Aren’t Talking About Click Fraud As Much These Days

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