Sprint Nextel Corporation (S) Message Board

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Technology Stocks : Sprint Nextel Corporation (S)

S 16.09

-0.4%

1:20 PM EST

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To: Laguna who wrote ()	1/21/1999 10:19:00 AM
From: Laguna	Read Replies (1) of 1691

Does this mean that the "tracking stock" will change to an IPO? KANSAS CITY, Mo., Jan 21 (Reuters) - Sprint Corp. (NYSE:FON - news), the nation's third largest long distance carrier, said Thursday it will proceed with a $500 million public offering of Sprint PCS (NYSE:PCS - news) common stock with proceeds from the sale used by the Sprint PCS Group to continue to expand its wireless phone network. In October, Sprint delayed the offering, citing market conditions, but later went ahead with the recapitalization which created two classes of common stock for its core operations and it wireless phone venture.

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