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Technology Stocks : NEXTLINK Communications, Inc.

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To: John W. Herron who wrote (30)	9/26/1997 9:48:00 PM
From: DD™	of 265

Taken from Motley Fool Evening News... "Competitive local exchange carrier NEXTLINK COMMUNICATIONS (Nasdaq: NXLK) (N) (S) popped out of the initial public offering box today, gaining $6 1/4 from its IPO price of $17 to close at $23 1/4. Founded by McCaw Cellular principal Craig McCaw, the company has trailing revenues of $0.70 per share and has run negative gross cash flow of $0.97 per share over the last twelve months. " Taken from DBC IPO Report... "NEW YORK (DBC) -- Shares of Nextlink Communications soared 36 percent above their offering price Friday as investors rushed to get a piece of the three-year-old company founded by telecommunication hotshot Craig McCaw. The run-up comes even after the Bellevue, Wash.-based company increased the number of shares it was offering from 15.2 million shares at 16 to 17, up from the original plan to issue 13.2 million shares at a range of 14 to 16. More than 9 million shares changed hands and the stock closed at 231/4, which is where shares first traded on Friday." DD

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