Latest in Economy

Image credit:

Virgin Mobile: bad economy is just what we needed

Chris Ziegler

Scant few companies prefer a crappy economy in which to do business, but Virgin's latest financials suggest that this kind of operating environment might just be the sweet spot. 'Course, Virgin's US offerings are all about "value" -- prepaid and all -- and it seems that the Sprint-based MVNO is getting mad play from that angle, reporting close to a quarter million net adds in the fourth quarter of '08. For the record, that compares with forecasts of 60 to 100K -- and yes, granted, they closed on the Helio deal in the quarter, but beating estimates is always awesome.

[Via mocoNews]

From around the web

ear iconeye icontext filevr