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Technology Stocks : NEXTEL
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To: Al Gutkin who wrote (3559)12/9/1997 6:47:00 PM
From: John F. Dowd  Read Replies (2) of 10227
 
Dear Al:

That wife news is quite old. The registration papers for those shares came out about a month ago. She only holds 5% so if she has since sold under that shelf registration that would be slightly bullish. But who says she's been selling. It would be to her advantage to hang in there and reap the rewards.

I think this latest weakness is due to ATT's announcement to go after the same market. This really is not a threat unless they go after the market with price (they say they are not) as it would possibly cause NXTL as a competitor to have to give up some revenue. In my opinion it seems like a buying opportunity. 24 looks like a solid base.

JF Dowd
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