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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Cacaito who wrote (9666)	9/20/2000 9:37:09 PM
From: JF Quinnelly	Respond to of 10227

Nextel Communications (NXTL) W.R. Hambrecht & Co. said it has placed a buy rating on shares of NEXTEL COMMUNICATIONS INC., saying it expects the stock to outperform the Standard & Poor's 500 Index over the next 12 months. In a research note, analyst Peter Friedland said his price target on the stock is $100. He met with Nextel Treasurer John Brittain, who reiterated expectations for the third quarter 2000, of subscriber additions of about 550,000 and noted that demand for Nextel Online wireless Internet service is tracking well. (Reuters) -------------------------------------------------------------------------------- Nextel Communications (NXTL) METROCALL INC. said it lined up $337.5 mln of financing to bolster its takeover attempt for bankrupt rival Paging Network Inc., or PageNet. Metrocall late Tuesday said three companies, led by NEXTEL COMMUNICATIONS INC., will take a big equity stake in Metrocall. The company separately outlined an offer to PageNet bondholders in the event the U.S. Bankruptcy Court in Delaware accepts its merger proposal. Metrocall is trying to wrest PageNet from rival Arch Communications Group Inc. (Reuters)