Nextel rises nearly 12 pct, helped by Ignition
Up nearly 16 points today....And THIS BOARD sleeps....(and do did several others today)...Geeze....Oh, well, guess most people don't know how to do research...."you can lead them to water" but you can't make them drink"..... OR "you can send them to school, and they still eat the pages".....and just don't get it....amazing!
KLP
There is also a article about Ignition in the Wall Street Journal today.....
siliconinvestor.com
Nextel rises nearly 12 pct, helped by Ignition
NEW YORK, March 9 (Reuters) - Shares of wireless communications provider
Nextel Communications Inc. (NASDAQ:
NXTL) climbed nearly 12 percent on Thursday, piggybacking on the formation of an
investment group looking to capitalize on
the growing demand for wireless data services, an analyst said.
Bear Stearns analyst David Freedman said Reston, Va.-based Nextel rose as its
capabilities in the red-hot wireless data sector
were brought into focus by the formation of Ignition Corp.
Nextel rose 15-15/16 on Nasdaq to 152-15/16, a new all-time high.
Ignition was launched Thursday and is led by a group including Brad Silverberg, who
ran Microsoft's (NASDAQ: MSFT)
Windows division for five years, and Steve Hooper, a former top lieutenant to cellular
pioneer Craig McCaw.
The group aims to make investments in the wireless Internet arena, and Freedman said
Nextel is the only player in the group
ready to roll out a significant wireless data network. |
