Rob: Thanks, but I'm not that smart, just an old fashioned accountant.
What do I base my negativity, or should I say predicted Nextel price range of 26-28. The Nextel concept is a great dream, but only part of it has come true. Our current investment society seems to always want better. In that regard lets take a look:
Nextel came up with a dream (plan)
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McCaw, loaded with money, liked the dream (plan) and invested heavily.
The plan started to come into fruition.
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Investors got excited, subscribers came by the thousands, hype was up.
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Nextel, infatuated with it's growth, borrowed heavily, swayed from the
plan, ran into typical expansion problems and bad cash flow.
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In order to support the stock prices, the hype had to be continuous, the budgets met, financial improvement noted, systems completed on schedule, great PR releases to business newspapers. In other words, investors are like little kids, they always have to be re-assured and kept interested.
Al G., I still believe in the plan, but, I'm just another little kid.
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