NII Holdings
fortune 500 stock losers nii holdings
Fortune 500 rank: 421
2012 revenue: $6.1 bil
2012 total return: -66.5%

Before Blackberry's flameout in the U.S., there was Nextel. Its walkie-talkie push technology lost relevance and eventually succumbed to the great smartphone revolution. But NII Holdings escaped obsolescence.

The international unit of Nextel, NII thrived in places like Brazil and Mexico. Or at least it did until recently. When Latin American consumers increasingly demanded smartphone features last year, NII began reliving its U.S. nightmare. The company lost more than $750 million and shares crashed by 67%.

  @FortuneMagazine - Last updated May 06 2013 06:58 AM ET
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