We have not concluded that a loss related to this matter is probable nor have we accrued a loss contingency related to this matter.

FORBES: Move up http://i.forbesimg.com t Move down

We feel that investors and the market are extremely anxious to hear from the management on the progress of Sprint- Softbank merger in light of recent events. (see Three Ways The Sprint-Softbank Saga Could Play Out) We are also watching for updates on the Clearwire (NASDAQ: CLWR) acquisition bid and if Sprint has any contingency plans to deal with potential loss of Clearwire.

FORBES: Sprint's Earnings Will Be Eagerly Watched For Softbank Merger Updates

Cross-training, contingency staffing, and a team approach to management are designed to mitigate the loss.

FORBES: When your employee coughs, do YOU catch the cold?