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Technology Stocks : NEXTEL

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To: Al Gutkin who wrote (4581)2/10/1998 11:55:00 PM
From: John F. Dowd  Read Replies (2) of 10227
 
Dear Al:

Interesting thoughts but why were they upgraded by agencies? Are the banks jus going to suck them dry and walk away? Why do you see the debt as a surprise. I'd rather see them do that than do an equity deal. The licensing of a team to set up billing software and other operational details was probably the best thing to do in order to cope with unanticipated expansion and then follow up to deal with these problems internally. I was at a trade show the other day and NEXTEL had booth operated by their dealers. He did say that they were getting 3 day delivery on 600's but that it was a great product and sell through was excellent. Dealer said that there was a surprisingly strong product awareness in the group use of the product. So the word is getting around. But you are seeing this from the dark side and for all I know you could be right. Time will tell. I can tell you this that there is very little interest in the Calls and therefore the premiums are razor thin-not a good sign. I can't tell whether this is accum. or distrib. but who else has a better product You could be right though to step out and watch from the sidelines. One might be able to step back in at a later date without missing a step. What are you looking to do with the proceeds that you cashed out with?

Thanks for your point of view.

"Wisdom comes from the counsel of many...."

JF Dowd
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