Analyst comments in a Reuters news update on NXTL at 13:54:
"The market is very subscriber-centric and was really focused on the 400,000
number," said Jeffrey Hines, a analyst who follows Nextel for BT Alex. Brown.
"When the number came in below that, it left people scratching their heads," he
said.
Hines said he thought the initial drop in early trading, when shares fell as much
as 22 percent, was "totally overdone" and a midday comeback was
appropriate.
"Overall it was a darn good quarter," he said. He noted that even though the
new subscriber growth levels were weaker than Wall Street had expected, the
company was still leading the U.S. industry in terms of new subscribers added.
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