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To: Boplicity who wrote (54834)	12/17/1999 4:11:00 PM
From: ggamer	Respond to of 152472

biz.yahoo.com Friday December 17, 3:46 pm Eastern Time Nextel off on NextWave deal, Sprint PCS slides By Jessica Hall NEW YORK, Dec 17 (Reuters) - Shares of wireless telephone company Nextel Communications Inc. fell after hopes dimmed for its acquisition of wireless licenses from bankrupt NextWave Telecom Inc. Meanwhile, Sprint PCS shares continued to fall on concerns of slower-than-expected subscriber growth, analysts said. Shares of Nextel (NasdaqNM:NXTL - news) hit an intraday low of 85-3/8, but recovered partially to trade at 90, down 2-15/16 on Nasdaq. Sprint PCS (NYSE:PCS - news), continuing a sell-off from Thursday sparked by a downgrade from Lehman Brothers, lost 3-1/2 to 95-15/16 on the New York Stock Exchange. Bankrupt wireless telephone company NextWave on Thursday said it may get more than $1.6 billion from several high-profile investors. The funds would help NextWave build its advanced wireless network and pay off its debt on the wireless licenses that Nextel had hoped to win away from the bankrupt carrier. NextWave's plan still faces legal and regulatory hurdles, so Nextel could still win a chance to buy the valuable licenses, some analysts said. ``I give them (Nextel) a 30 percent chance of getting the licenses. I still think they have a shot, but when you see the existing company come up with a couple of heavy hitters ... with what appears to be significant capital, it reduces that chance. But there's still a lot of questions that remain,' said Prudential Securities analyst Chris Larsen. If NextWave is allowed to keep the licenses, it would have access to about 95 major markets across the country. NextWave would not immediately be a competitive threat to other carriers since it would take a few years to build its network, but eventually it and its deep-pocketed investors could create a strong national carrier, analysts said. Some analysts said NextWave also may deploy Qualcomm Inc.'s (NasdaqNM:QCOM - news) new high data rate technology and go after the high-speed local data market. That move would have no impact on the mobile wireless carriers, said SoundView Technology Group analyst Tim O'Neil. O'Neil said in a research report that there are too many unanswered questions about the NextWave bankruptcy proceedings to judge the impact on other carriers. Meanwhile, shares of Sprint PCS continued their slide amid concerns that subscriber growth may be fall short of expectations, due in part to higher customer turnover. Lehman wireless analyst John Bensche on Thursday downgraded Sprint PCS, the wireless telephone unit of No. 3 U.S. long-distance carrier Sprint Corp. (NYSE:FON - news), to neutral from outperform and trimmed his forecast for fourth quarter net subscriber additions to 1.0 million from 1.3 million. Sprint PCS in October said it expected to add more than one million new customers in the fourth quarter due marketing promotions and holiday purchases. Fast-growing Sprint PCS added 720,000 new customers in the third quarter, bringing its total subscriber base to nearly 4.7 million. Tandy Corp.'s Radio Shack, the No. 1 U.S. electronic retailer, on Friday said sales in stores open at least a year were below expectations. That news added more uncertainty to Sprint PCS's growth outlook since Radio Shack is a major selling partner for the wireless company through its Sprint PCS ``store within a store' program, analysts said. Investors feared that Sprint PCS' sales from Radio Shack may be lower than expected, hurting subscriber growth at the crucial holiday season, analysts said. Radio Shack's weakness spotlights some of Sprint PCS' marketing and sales vulnerability, analysts said. Tandy CEO Len Roberts, however, said on a conference call on Friday that sales of Sprint PCS services remained on track. Telephone supply constraints had hurt sales of some advanced digital wireless phones, but ``on Sprint PCS phones, we're okay on supply,' Roberts said. Even so, Radio Shack's weakness spotlights some of Sprint PCS' potential marketing and sales vulnerability, analysts said.

To: Boplicity who wrote (54834)	12/17/1999 4:19:00 PM
From: freeus	Read Replies (1) \| Respond to of 152472

443 and 5/16 at 3:52, 8 minutes to closing, what were those sellers thinking? And how happy are those buyers, who no doubt were told by their broker" Dont buy Q its too high". To "Cant buy me love:" Dont buy that Q The brokers say its too high Dont buy that Q Its ok to ask me why: The price earnings is way past Where it ought to be The stock is ahead of itself, That's how it seems to me. So buy Bank one or Xerox That's the value play And if it doesnt work out well We can churn another day. Freeus