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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: bananawind who wrote (1752)	9/21/1999 3:56:00 PM
From: slacker711	Read Replies (2) \| Respond to of 13582

Unfortunately Nextwave isnt the only one who is raising money....Nextel is looking for cash. Nextel Seeks $5 Bln Credit Line From Ch by: nbfm (45/M/san diego) 38883 of 38898 Nextel Seeks $5 Bln Credit Line From Chase, Bank of America, TD New York, Sept. 21(Bloomberg) -- Nextel Communications Inc., a provider of wireless phone services in the U.S., is lining up a $5 billion bank loan to pay for its plan to acquire assets from NextWave Telecom Inc., people familiar with the transaction said. Nextel said in August that it has the backing of U.S. Federal Communications Commission staff to buy wireless licenses from the bankrupt NextWave for about $2.1 billion. ''Reading between lines, I can see them attempting to buy $2 billion to $3 billion,'' worth of wireless licenses, said Chris Larsen, an analyst at Prudential Securities Inc. Chase Manhattan Corp., Bank of America Corp. and Toronto Dominion Bank are arranging the loan. The banks have pledged to try and raise the money, though they aren't committed to lending it to the company if there isn't enough investor demand. Nextel's existing $3.3 billion in credit lines will be absorbed by the new loans. The Reston, Virginia-based company will likely pay higher interest on its loans than it did last time, when it agreed to pay between 250 basis points and 275 basis points over the London interbank offer rate. Industrial companies in the U.S. with the same ''B'' credit rating pay between 306 basis point and 363 basis points over Libor, according to Portfolio Management Data. Nextel's outstanding 9 3/4 percent bonds that mature in 2007 were quoted recently at about 70 3/4 to yield 10.5 percent, or 460 basis points more than U.S. bonds. Expectations Nextel's loans would be refinanced pushed up the company's debt. Its loan rose three points the past two weeks to 99. Company officials didn't return phone calls. Sep/21/1999 15:07 For more stories from Bloomberg News, click here.

To: bananawind who wrote (1752)	9/21/1999 4:06:00 PM
From: 2brasil	Read Replies (1) \| Respond to of 13582

Jim there were two deals one with Lucent one Ericsson are they both cdma 2000 funny they were both $330 million biz.yahoo.com bruce

To: bananawind who wrote (1752)	9/21/1999 5:12:00 PM
From: JMD	Read Replies (1) \| Respond to of 13582

"And to top it all off it seems to have escaped everyone that our own little ole LWIN just ordered the first domestic cdma2000 system from the evil empire itself!!!" LOL, Jim. Isn't that just like kids? Damned critters get out of the house and the first thing you know, they're struttin' their stuff and getting all uppity. Incredible day for the Mighty Q; I'll let people vastly wiser than myself explain why the dollar's weakness against the yen explains the Naz taking a dumper. Crazy me, I kinda thought currency realignments reflected trade imbalances, and, dare I say it, acted to correct them. But maybe Adam Smith's Invisible Hand is passe' in the New Paradigm Economy. Best regards, Mike