Sprint Nextel (NYSE:S) reported a Q4 loss of ($0.01) per share, ex-items, ahead of analyst estimates of a ($0.03) loss per share. Revenues in the quarter fell 14% year-over-year to $8.43 billion, below consensus estimates of $8.55 billion. The company said it has the cash on hand to meet its debt service requirements "at least through 2010." Sprint CEO Dan Hesse also said "we have high expectations for the Palm Pre handset which will be launched later this year." Sprint reported 1.3 million fewer net wireless subscribers in Q4 but sees 2009 total subscriber losses improving. Mysmartrend.com uptrended Sprint Nextel (NYSE:S) at $3.23, it is currently up 25.5% on the day to $3.40.

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