Sprint plans to eliminate the separate tracking stocks for its PCS and FON divisions, reflecting a decision to merge the once separate traditional phone and wireless services into a single operation. As a result, the PCS common stock will be eliminated and each share of PCS common stock will convert automatically into .50 shares of FON common stock on April 23, 2004. Sprint said the move would facilitate its transformation into a company focused on the needs of two customer types -- business and consumer -- by removing barriers to its ability...
