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Technology Stocks : NEXTEL
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To: Paul Smith who wrote (8166)11/4/1998 9:08:00 AM
From: nihil   of 10227
 
RE: Taking out a loan

I don't think anyone borrows money without plans to use it. If you're cash rich, like Intel or Cisco, you do shelf registrations or arrange lines of credit. Cisco pays only a tiny commitment fee (20 bp) for guaranteeing its ability to borrow a bundle which it never expects to need. Of course, with Nextel's debt it had better take cash when it can get it.
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