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Technology Stocks : NEXTEL

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To: Kevin F. Spalding who wrote (5584)4/6/1998 7:16:00 PM
From: Mark McLeod  Read Replies (1) of 10227
 
Kevin, lost in the hoopla of the addition of Nextel to the S&P 500 last week, was the first press release regarding the MOT reorganization. In that release reference was made to how well the iDen phones were selling via Nextel. The iDen phones were one of the really bright spots for MOT. Look for the MOTearnings release to state somewhat the same thing.

Did you see that Walter P. of PW reissued his buy recommendation on our favorite stock? His price target this year is still $45. He also stated again that Nextel would be domestic cash flow positive in the second quarter.

Mark
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