NEXTEL Message Board - Msg: 11116902

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Technology Stocks : NEXTEL

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To: SteveG who wrote (9314)	8/31/1999 11:56:00 AM
From: Bux	Read Replies (2) of 10227

This recent research alert has me baffled. It lists the projected 2000 EPS and 2001 EPS as $4.00-$6.75. I thought NXTL was projected to lose money as far as the analysts projected. In fact, the consensus EPS for 2000 is -2.96. What am I missing? -------------------------------------------------------------------------------- RESEARCH ALERT-Nextel price target raised August 31, 1999 08:55 AM NEW YORK, Aug 31 (Reuters) - Paine Webber Inc. said on Tuesday it had raised its price target on Nextel Communications Inc. to $83 from $73. -- Price target raised due to 2001 cash flow estimate being upped to $2.4 billion from $2.1 billion. -- Raised fiscal year 2000 EPS estimate to $4.00 from $3.95. -- Raised fiscal year 2001 EPS estimate to $6.75 from $5.90. -- Raised fiscal year 1999 revenue estimate to $3.24 billion from $3.16 billion. -- Raised fiscal year 2000 revenue estimate to $4.6 billion from $4.4 billion. -- Raised fiscal year 2001 revenue estimate to $6.1 billion from $5.3 billion. -- "We expect Nextel to post over 40 percent revenue growth and triple its cash flow next year." -- Shares of Nextel were trading up $1-2/16 at $57-5/16 on Tuesday morning on Nasdaq. ((--Wall Street Desk, 212-859-1730)) REUTERS

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