SPOTLIGHT: Virgin Mobile's blemishes


An editorial in the WSJ claims that the corporate structure of Virgin Mobile USA post-IPO and some "problems with the business" could make for an inauspicious debut. The commentary pegs the IPO at about a $1 billion value, but then goes on to poke holes in the company's business model: "Virgin Mobile's customer base can be described in two words: young, poor." Article (sub. req.)

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