- Jun 23, 2001
- 27,730
- 8
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http://money.cnn.com/2014/12/24/technology/mobile/tmobile-tech-company-of-year/?google_editors_picks
Hmm, after watching investors and idiotic leadership run company after company into the ground, perhaps they should stick with the pro consumer strategy for a while longer.
As a result, the company is growing at an alarming rate. T-Mobile already added more than 3.5 million customers this year, more than any other carrier. The pink carrier commands about 18% of the wireless market, up from 11% at the beginning of the year. Nearly a third of new wireless customers or people switching their cell phone service are choosing T-Mobile.
Yet T-Mobile's moves have been unpopular with shareholders -- the stock is down 21% this year, way more than Verizon and AT&T's far more modest swoons. Much of that has to do with the fact that T-Mobile failed to strike a merger with potential suitors Sprint or Dish (DISH). But shares also suffered as investors worried about how the marketing campaign affected T-Mobile's profit.
"The managerial histrionics that have played so well with consumers have worn thin with investors, who fear that T-Mobile is putting growth above profitability," noted Craig Moffett, senior analyst at MoffettNathanson Research.
Hmm, after watching investors and idiotic leadership run company after company into the ground, perhaps they should stick with the pro consumer strategy for a while longer.