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Technology Stocks : NEXTEL
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To: Arnie Doolittle who wrote (8872)3/8/1999 6:32:00 PM
From: Rob Prickett  Read Replies (1) of 10227
 
Arnie,

"I have yet to hear a good reason why CM would sell NXTL at this point. The closest I can get to an explanation is that he needs the money for Teledesic"

I'm almost on the same page as you with regard to many of your recent comments, but still do not understand the above (I know we've been through this a few times before).

Why does McCaw need to sell Nextel to get money for Teledesic? What prevents some type of operating agreement, whereby Nextel finances some portion of Teledesic in return for capacity. Wasn't that the idea behind InterNext? I know it didn't go to completion, but the arrangement had been made.

Or, assuming that Nextel has net income (which I think you are predicting for 2001), from issuing dividends which could be routed to Teledesic.

Don't forget: Teledesic is not going to be operational until late 2001 or 2002 at earliest. While a sale of Nextel could provide ample funds for Teledesic, there are other avenues.

Rob
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