WCOM and ATI
If Worldcom wants Airtouch, maybe a rival bid is coming? I hope not. I'd rather see Worldcom left available so the whole industry can trade up on consolidation speculation. They're aren't many "no-brainer" combinations left. Nextel has to be on some shopping lists.
I only own NXTL in this industry, but I'm cheering for PCS and OMPT and PTEL and WWCA and everyone else. If we learned anything in '98, it was to be in a HOT group. Nextel went up last winter ALONG with Telecom, Internet stocks rise and fall TOGETHER on a daily basis.
We should hope for more consolidation. The way we are all going to get top dollar for our stock is for NXTL to appreciate high enough for Craig to listen to a bid. Let it trade to $45 and entertain a $70 bid. $200 by 2005, sorry Rtodd, will not happen. Telecom, as far as this sector is concerned, will not skyrocket. And God knows what 2005 will bring us. I'm a believer in long-term investing, for sure. But NXTL will not exist, in my opinion, in 2005. It will be part of a bigger company, period.
The good news is, Airtouch is in play and that can only help us short-term. My fear is, another bomb from 4th qtr results, either from NI, subscriber adds, or something else.
I'm not Max, but I'd play puts around the release. It certainly has worked in the past.
Happy New Year! |
