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Just as we expected, Sprint’s CEO has stepped down from his position at the head of the table. Gary Forsee is no longer CEO of Sprint. Sprint will look to CFO Paul Saleh as the interim CEO until the board of directors can find a suitable replacement for a fulltime CEO. James Hance, Jr. will be acting chairman until a replacement is found.
So, the question is what will happen to Sprint’s WiMAX venture, dubbed XOHM? Sprint has reserved $5 billion in the XOHM infrastructure build-out, but the new CEO might be pressured to rethink the move to WiMAX. We think Sprint should continue to build-out their next-gen wireless broadband network. The definitely aren’t going to make any traditional headway against the likes of AT&T and Verizon Wireless, so Sprint might as well bank on a future 4G network that promises super-high broadband speeds.
[Via: Wall Street Journal]
About The Author
Will Park
Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...
