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Technology Stocks : NEXTEL

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To: Satellite Mike who wrote (6001)5/8/1998 8:54:00 AM
From: Rob Prickett  Read Replies (2) of 10227
 
AT&T New Rates Perceived as Especially Negative for Nextel:

It seems like the AT&T additional rates announced yesterday are perceived as especially bad for Nextel. A good question for the annual meeting would address this concern.

From today's NY Times:

"Thomas J. Lee, a telecommunications analyst for Salomon Smith Barney, said AT&T's new plan was aimed not at Sprint PCS but at Nextel, which had mainly targeted heavy callers as potential customers.

"The real loser here is Nextel," he said. "Nextel's national footprint, which they've always touted with no roaming charges, doesn't look so attractive because Nextel only offers service in half the country and AT&T is offering service almost everywhere." "

Rob
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