Bankruptcy said to be a ?very legitimate risk? for Sprint

Shares of Sprint stock fell 4.5% Monday morning after an analyst said there is an increasing risk that the nation’s third largest wireless carrier could file for bankruptcy. The company is facing increased competition, growing debt and steep costs, with flops in Clearwire’s WiMAX technology, a failed�LightSquared partnership and a�risky $15.5 billion gamble on Apple?s iPhone�further complicating its position. Read on for more. Bernstein analyst Craig Moffett downgraded Sprint shares to Underperform from Market-perform, stating that the company will face “new and larger risks” if Apple launches a 4G LTE-enabled iPhone later this year, a technology which rival networks have more widely�available. “To be clear, we are not predicting a Sprint bankruptcy,” Moffett said in a note to investors according

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