Bubba,
I have have read most of your posts. 7,000,000 subscribers and ~5B/year in revenues by the year 2002 sounds pretty ambitious. Where did you get this numbers from?
The following excerpt from MOBILE PHONE NEWS (Vol. 15, No. 49) speaks of AT&T but equally applies to Nextel:
One analyst opined that AT&T needs the high-revenue customers to recover from its investment in TDMA. "[AT&T was] caught holding the bag with TDMA," said Robert Rosenberg, president of Parsippany, N.J.- based Insight Research. "Nortel [NT] admitted to that two years ago. [CDMA champion] Irwin Jacobs is two years ahead of them now."
Nextel is a momentum stock: as long the company continues to meet and/or exceed consensus estimates, the stock should do OK. Today CS First Boston initiated Nextel's coverage as a "buy", apparently in response to recent positive guidance from the company.
PTB |
