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Technology Stocks : Sprint Nextel Corporation (S)

S 16.77

-0.6%

3:59 PM EST

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To: Laguna who wrote ()	1/20/2000 3:41:00 PM
From: Mr. Miller	Read Replies (1) of 1691

PCS target raised to $160 biz.yahoo.com Thursday January 20, 3:20 pm Eastern Time Note: this article has a followup with more information. RESEARCH ALERT - PaineWebber on wireless outlook NEW YORK, Jan 20 (Reuters) - PaineWebber analyst Walter Piecyk said he raised price targets for Nextel Communications Inc. (NasdaqNM:NXTL - news), Sprint PCS Group (NYSE:PCS - news) and VoiceStream Wireless Corp. (NasdaqNM:VSTR - news) and predicted the U.S. will see a record number of new wireless subscribers in 2000. -- said increased the 2000 net subscriber addition estimate to 21 million from 16 million, a 25 percent increase over the estimated 17 million who subscribed in 1999. -- said raised the 2001 net new subscriber estimate to 24 million from 16 million. -- said raised its wireless penetration estimate to 48 percent from 43 percent. Expects the U.S. market to reach 80 percent penetration by 2006, six years earlier than its previous estimate. -- said raised the Nextel price target to $190 from $135. -- said raised the VoiceStream price target to $190 from $120, and raised Sprint PCS's target to $160 from $110.

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