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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (4323)10/24/2001 1:53:17 PM
From: stockman_scott   of 13815
 
Nextel Communications (Nasdaq: NXTL - news) rose 7.8% to $7.98 after reporting that its third-quarter loss of $0.46 per share beat analyst estimates by $0.02 per share. The highlight of the wireless- communications company's results, however, was that it showed record domestic operating cash flow of $526 million and 481,200 new subscribers for the September-ending quarter. The stock had been at its lowest point in about four years, but ``With a fully funded business plan and such strong cash flow, the risk of insolvency-- perhaps the concern hampering the stock--is overblown,'' said Morningstar analyst Todd Bernier.
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