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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]

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To: SteveG who wrote (432)	6/18/1999 4:15:00 PM
From: SteveG	of 1860

NXTL: Update From The Deutsche Banc Alex. Brown 1999 Media & Telecommunications Conference Deutsche Banc Alex. Brown - US Equities Bo Fifer,Jeffrey L. Hines June 07, 1999 --------------------------------------------------------------------------- ---- NEXTEL COMMUNICATIONS INC. [NXTL] "STRONG BUY" Update From The Deutsche Banc Alex. Brown 1999 Media & Telecommunications Conference --------------------------------------------------------------------------- ---- Date: 06/04/1999 EPS 1998A 1999E 2000E Price: 37.19 1Q (1.53) (1.66)A (0.92) 52-Wk Range: 43 - 15 2Q (1.94) (1.37) (0.88) Ann Dividend: 0.0 3Q (1.56) (1.16) (0.80) Ann Div Yld: 0.00% 4Q (1.43) (1.06) (0.65) Mkt Cap (mm): 14,169 FY(Dec.) (6.46) (5.25) (3.25) 3-Yr Growth: FY P/EPS NM NM NM CY EPS (6.46) (5.25) (3.25) Est. Changed No CY P/EPS NM NM NM --------------------------------------------------------------------------- ---- Industry: COMMUNICATIONS Shares Outstanding(Mil.): 381.0 Return On Equity (1998) : 0.0% --------------------------------------------------------------------------- ---- HIGHLIGHTS: * 2Q 1999 results expected to remain robust with net subscriber additions expected to meet or exceed 1Q nets of 415,000. Our current estimate is 400,000 (obviously too low). * Will exceed $600 million of cash flow from domestic U.S. operations in 1999. * Operators in 42 countries now have roaming agreement with Nextel for Nextel Worldwide wireless service which will be launched in 2H 1999 with the Motorola i2000 dual-band, dual-mode phone. Expect 60 countries at launch. Trials suggest subscribers generate $400 of revenue per trip. Company notes 5 million business people leave U.S. at least 3 times per year. * i1000plus, Internet enabled phone from Motorola, ahead of schedule and will be launched later this WEEK. * Company has raised $1.3 billion cash in last five months which leaves domestic operations now fully-funded through YE 00 and Nextel International fully-funded through YE 99. * Net-Net: New products and services (e.g., i1000plus and i2000) could leave projections/consensus a bit light beginning 2000, stay-tuned. * Reiterate Strong Buy rating.

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