NEXTEL Message Board - Msg: 8008284

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NEXTEL

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rob Prickett who wrote (8821)	2/24/1999 1:10:00 PM
From: Nick	Read Replies (1) of 10227

RESEARCH ALERT-Nextel reiterated neutral NEW YORK, Feb 24 (Reuters) - Lehman Brothers said Wednesday it reiterated a neutral rating on shares of wireless communications company Nextel Communications Inc. -- Cited ''mixed'' fourth quarter results. Said Nextel's earnings before interest, taxes, depreciation and amortization (EBITDA) of $42 million was below $55 million Lehman estimate. -- Cut estimate of 1999 net additional new customers to 1.57 million from 1.63 million. -- Kept end-1999 price target at $23 a share. -- Said given accelerated industry consolidation, Nextel was increasingly likely to be acquired, but added ''... we find Nextel stock way out over its skis, with only the prospects for a deal at a premium supporting the current value.'' -- Shares fell 11/16 to 30-1/8 in mid-morning.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next