I have been impressed with the recovery that Sprint Nextel has shown over the last few years, but now it has struck a deal with LightSquared that puts the cart way ahead of the horse. Is Sprint making a big mistake while trying to bounce back from another body blow it just took? A few years ago, Sprint Nextel was crashing and burning, until it hired CEO Dan Hesse. Since then, it has managed to pull up in the nick of time. During the last year, we have seen that recovery get stronger, although the company still has a long way to go.