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Technology Stocks : NEXTEL

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To: John F. Dowd who wrote (4766)2/24/1998 11:42:00 AM
From: John F. Dowd  Read Replies (1) of 10227
 
To All:
What impact will this have if any on NXTL? I know it is a different technology but had this been casting a shadow over NXTL as well?

Motorola loses $500 mln contract - WSJ

NEW YORK, Feb 24 (Reuters) - Motorola Inc is struggling to
correct defects that are crippling its expansion into new
wireless systems and have already led one major customer to
cancel its order, the Wall Street Journal said Tuesday in its
electronic edition.
Citing executives close to the company, the Journal said
Personal Communications L.P. has canceled its $500 million
contract and will replace almost all its Motorola gear with
equipment and software from rival supplier Lucent Technologies
Inc .
Personal Communications -- the wireless-phone service owned
by Bell Atlantic Corp , US West Inc and AirTouch
Communications Inc -- could announce the decision as
early as next week, the newspaper said.
The defects Motorola is struggling with are in its
cellular-network equipment and software, the Journal said.
The newspaper said the fallout of Motorola's setback with
PrimeCo could be huge, since it has $3.5 billion in orders to
supply two carriers in the Japanese market with the same kind
of gear as PrimeCo was getting.
Sprint Corp is also scheduled to receive a giant
shipment of equipment and software from Motorola that has been
valued at between $700 million and $1.4 billion, the Journal
said.
A Motorola spokesman declined to comment specifically on
the impending PrimeCo cutoff or to address Motorola's problems
with equipment and software, the Journal said.

Regards

Long John
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