Sprint Nextel Exec Calls in a Buy

Tables: Buyers | Sellers

THOUGH MOST SPRINT NEXTEL (ticker: S) investors have been running for the exits, the beleaguered wireless company's chief technology officer believes the stock still has legs and scooped up shares after they hit a low.

On Nov. 14 Chief Technology Officer Barry West purchased 50,000 shares for $117,900, an average of $2.39 a share. The purchase represents the entirety of his direct holdings. West, who has been the tech chief since the 2005 Sprint merger with Nextel, owns less than 1% of the company's shares outstanding.

West's purchase was the largest at Sprint in the last ...