As you might be able to deduce from the simple layout, there is a correlation between what was and what is transpiring at S.

The NEW it word these days is "ES" (which basically is SE backwards if you hadn't noticed); where ES = Echo System.

ES && S has ventured 3.1 Billion into a company called Xohm, now known as Clear Wire, with a ticker of CLWR. Now what does S & CLWR reveal to us; well let's see:
S =
C =
L =
W =
R = Really?
Post some good suggestions and I'll add'em in the main post; with a GOLD star ;)
Update: 3-25-09:
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S = Sprint
C = Continues
L = Loosing
W = Wireless
R = Revenue