NEXTEL Message Board - Msg: 3359216

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Technology Stocks : NEXTEL

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To: Arnie Doolittle who wrote (4504)	2/6/1998 11:03:00 AM
From: Mark McLeod	Read Replies (1) of 10227

Arnie, thanks. I think something else is going on though. NXTL is stuck again this morning at 27. Just saw a block of 100k go through at 27. Every trade is at 27 for last 20 minutes. Bid and ask are both 27. Why? Arnie, McCaw has in effect exercised his $420 million in options as a result of the new financing. We just haven't seen the documents yet, and Craig hasn't transferred the funds yet. I would have thought the stock would have pulled back more as a result of the new financing and the 8K. Shows you what I know. Bigger and smarter powers are at work on Nextel. You still haven't answered my question on when upward trend will start again. Just a pre or post 2/18/98 will do. In the dark again,without a flashlight. Mark

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