NEXTLINK Communications, Inc. Message Board

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Technology Stocks : NEXTLINK Communications, Inc.

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To: jethro who wrote (36)	9/29/1997 5:11:00 PM
From: Capitalizer	of 265

Our first "Buy" recommendation: Got this from Dow Jones: Bear Stearns Starts NextLink Communications At Buy NEW YORK (Dow Jones)--Bear Stearns & Co. has given a buy rating to shares of NextLink Communications Inc. (NXLK) in initial coverage, according to analyst James H. Henry. Bear, Stearns & Co. co-managed the underwriting of the company's initial public offering last week, Henry said. NextLink offered 15.2 million shares priced at $17 apiece on Friday. The stock hit the market at 23 1/2, a 26% premium over its offering price. The deal was led by Salomon Brothers Inc., while Merrill Lynch & Co. and Lazard Freres & Co. also took part. Bear Stearns' Henry has set a 12-month price target of 29 a share, he said.

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