NEXTEL Message Board - Msg: 4086842

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Technology Stocks : NEXTEL

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To: lowbuy who wrote (5701)	4/16/1998 2:02:00 PM
From: Anthony Wong	of 10227

RESEARCH ALERT - Nextel subscriber growth up Thursday April 16, 11:40 am Eastern Time NEW YORK, April 16 (Reuters) - TD Securities said Nextel Communications Inc. (NXTL - news) posted better-than-expected first quarter subscriber growth but weaker average per unit revenues. -- said Nextel's subscriber growth of 371,000 net digital additions was 10 percent above TD Securities' forecast. -- said promotional activity contributed to modestly lower-than-expected average revenue per unit of $66, down from the forecast of $68. Said it expects average revenue to trend down slighlty over the rest of the year due to the ongoing nature of many of these promotions. -- said domestic operating cash flow losses of $95 million exceeded the forecast of $80 million. The shortfall was due to the larger subscriber gains, as well as higher-than-expected customer acquisition costs. -- said domestic capital spending of $490 million exceeded the forecast of $450 million. -- said maintains buy rating on Nextel with 12-month price target of $35. Said increasing visibility of the company's international operations may provide a ''significant catalyst'' for shares over the next few months. biz.yahoo.com

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