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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Oct 18, 2001
Page
3
Sprint announces quarterly losses as it slashes about 6,000 jobs in the Kansas City region. PCS division reports a $288 million loss for the quarter, with 14.4 million total PCS customers, a 57 percent rise from 2000. Overall revenue drops 4.5 percent to 34.244 billion.
Sprint Corp plans about 6,000 layoffs, with up to 700 at its Overland Park HQ, by mid November. State officials warn revenue outlook for fiscal 2003 dims as retail sales and other economic factors loom. Sprint employs about 14,500 in Kansas City area. layoffs affect budget estimates and statewide jobs.
The piece argues that expanding broadband to all Kansas communities is essential and defines advanced telecommunications service as high speed Internet access. It contrasts dial-up with broadband, likening dial-up to a straw and broadband to a firehose to illustrate speed and capability.
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