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Technology Stocks : NEXTEL
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To: Bubba who wrote (3377)12/1/1997 6:09:00 PM
From: Arnie Doolittle  Read Replies (2) of 10227
 
Bubba, you're right on the mark - the increased Cap Ex is related to the accelerated buildout. Watch the fur fly when that number starts dropping! Then the naysayers will head for the hills and the shorts will take it in the shorts.

IMHO the stock's price will languish throughout December, trading in a range between 25 + or - and 28. Nimble traders can pick up a few bucks but if they short at the top of the range, they're taking a huge risk. This stock will want to go higher as soon as it finishes digesting the run up from the breakout at 16 or so. The downside risk is the overall market risk. I see no near term fundos that would cause NXTL to head south.

I talked with someone in the know at QCOM and he said that QCOM has no, repeat, NO, interest in direct connect or look alike products at the present time. And the reason is profound but simple: Business opportunities are so great in other arenas that QCOM isn't going to waste valuable resources on 2-way.

Arnie
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