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Technology Stocks : NEXTEL
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To: Bux who wrote (9324)9/6/1999 3:35:00 PM
From: Rono  Read Replies (2) of 10227
 
I have no idea why Paine Webber chose to report cash flow as EPS.

As far as Nextel turning a profit, that's not in doubt. Provided no major acquisitions or significant changes in their business plan, I think a profitable 4th quarter in '00 is a strong possibility. Considering they built their network from the ground up and had only a handful of customers in early '97 that's quite an accomplishment and speaks volumes for their business plan and managements fortitude. Expect 4.5 million iDEN domestic subs by the end of this year.

You seem to suggest Nextel is overvalued at current share price while concurrently admitting limited knowledge of the company. Are you aware of the significant market cap differences between Nextel and Sprint (PCS), the only other pure wireless issue? Do you think PCS is overvalued as well?

No doubt Nextel will have many issues and challenges going forward, capacity and spectrum no exception. But there is no better general than Craig McCaw when preparing for battle in the high stakes wireless wars. His roots within the FCC are wide and deep, including one of the original founders of Nextel. From the McCaw cellular days in the early eighties to more recent spectrum allocations for Teledesic his team has earned a reputation for acquiring low cost spectrum, a crucial component for success in the wireless business. Whatever Nextel needs to compete in the wireless landscape, rest assured, they'll get it.

Thanks for your contributions.

Ron
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