BloggingBuyouts' Brian White looks at Sprint's Q1 numbers and suggests that "CEO Gary Forsee may see 2007 mark the end of his career at the telecom giant."

"It's been rumored that Verizon Wireless (45% owned by Europe's Vodafone) was possibly interested in a deal to acquire Sprint Nextel," White writes. "In the wireless telecommunications game here in the U.S., mega-mergers have been a mainstay. Verizon was eclipsed by Cingular Wireless (now AT&T) a few years ago when Cingular Wireless bought the 'old' AT&T Wireless. With Sprint Nextel having a poor reputation but a huge wireless customer base of over 53 million, are things ripe for a corporate takeover or even a buyout by private equity?"

Considering that both carriers use the same technology, it would certainly be a logical move. "Speculation has run rampant for a little under a year that this would happen, but no action so far," White writes. "Whatever the interests of private equity, the rapid combination of wireless companies in the U.S. is far from over."

More here from the AP ... more here from InfoWorld ... more here from MarketWatch ... and more here from Reuters.