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Technology Stocks : NEXTEL

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To: Al Gutkin who wrote (8339)12/19/1998 11:52:00 AM
From: Ken Benes  Read Replies (2) of 10227
 
Al:

Your note substantiates my own observation, there has been a noticeable slow down. This phenomenon is evident to front line observers. Most indicators are lagging and do not capture this slowing at the inception. Whether the slowdown is temporary remains to be seen. One of the more ominous signs is receiveables are taking longer and longer to collect. I am hearing this from a broad range of businesses. Considering we are in the Christmas seasons where cash flows are high, one has to be concerned what is going to happen in the first quarter of the year.

Nextel continues to lanquish, unable to get above the critical 24 level. I would think the fourth quarter numbers for nextel will be critical along with the performance of the economy in the first quarter.

Have a good holiday and prosperous New Year.

Ken
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