You get 148 letters? What did you expect? Perfection burns up way too many characters. This is about the maximum you can send.
I am amazed with the popularity of such limited communications in a society with access to high bandwidth networks. I am more amazed by those that are not on such limited networks think that the rest of us should communicate in the same limited way. I do most of my FReeping these days on a BlackBerry Storm. It is not that hard to provide clear, complete text even without a full keyboard.