How Wall Street destroys disruptive technology and cheats small investors out of long term profits

Day traders rejoice! Sprint is in play! Fire the CEO, kill the the long term viability of the company for a fast buck and go on a nice cruise!

Major shareholders (read fund managers) are pressuring Sprint to abandon its Wimax network that is currently in deployment mode. The pay of is in years instead of days, and the fund managers have already written the company off as a short term money maker. This means they are looking for a ploy to force a quick stock price run up to sell of their holdings and leave the company to die.

Too bad for most shareholders. Sprint is on the verge of switching on the most potentially disruptive access technology to hit the market since dial up internet without an AOL account became reality for the mass market, or since the cell phone became a commodity.

I hope Sprint shareholders catch on to this and do something about it. Sure, I want my Wimax. So will millions like me. If shareholders want to make money in the coming years they should be smart enough to figure this out. If not, this may be the canary in the coal mine warning for the end of sensible long term investment by US companies.