NEXTEL Message Board - Msg: 6024392

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NEXTEL

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TPN35 who wrote (7932)	10/15/1998 8:54:00 AM
From: Ken Benes	Read Replies (2) of 10227

Stock is gapping down. Current ask 18.50. Subscriber growth failed to match last quarters number of 400 thousand plus. This may be the result of a slowing economy. Also nextel may find it more difficult to raise money for future expansion as credit dries up as the the result of the hedge funds fiascos. These reasons and the continuing systemic risks in the market may cap nextel price at 20 for the short to medium term. Longer term nextel is a great company, but again, a pause because of the slowdown will not stop the progress in technology. A pause in nextel may give competition time to develop an alternative, only quessing on this. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next