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Technology Stocks : NEXTEL
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To: Kevin F. Spalding who wrote (5282)3/24/1998 11:10:00 AM
From: Arnie Doolittle  Read Replies (2) of 10227
 
Kevin, scepticism aside, this is the finalization of old news. When NXTL went through the gyrations of recent debt "increases" it was clearly stated that some of the proceeds would be used for faster buildout of the network AND SOME WOULD BE USED TO PAY OFF DEBT. Al Gudkin and others didn't read or didn't want to believe the fine print and were scared out of the stock. I said at the time that the new debt was good news. Today's "news" is just the completion of what was already widely known.

Arnie
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