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Technology Stocks : NEXTEL

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To: Arnie Doolittle who wrote (6357)5/26/1998 10:46:00 PM
From: JF Quinnelly  Read Replies (1) of 10227
 
What else can I say about a guy who not too long ago was saying that NXTL would go to 1000?

When Craig McCaw had just bought in to NXTL (or CALL as it was then), I called Klein for his opinion of the stock. He had been big on the stock during its previous run up to 55. Klein tried talking me out of buying the NXTL, and urged me to look at some other little stock he was big on. I ignored his advice and bought NXTL at 13. I think I'll ignore his selling also.

The story is still the same as it has been. There is only so much bandwidth available. NXTL owns a lot of it. They are building out a huge footprint. When they are done burning cash on infrastructure, this company will be a cash cow. If NXTL offers services more valuable than its rivals, the cash generated could be substantial.
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