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

To: Yogizuna who wrote (9670)	10/3/2000 9:56:48 PM
From: Yogizuna	Read Replies (1) \| Respond to of 10227

NXTL went to a hold for me last night, but I neglected to post it here this morning..... Still a buy on the significant dips in my opinion, and the hourly chart is now getting very oversold. Yogi

To: Yogizuna who wrote (9670)	10/6/2000 11:43:46 AM
From: unctarheel	Read Replies (1) \| Respond to of 10227

Nextel upgraded to strong buy. biz.yahoo.com Friday October 6, 9:54 am Eastern Time RESEARCH ALERT-ING Barings ups Nextel Comms to strong buy NEW YORK, Oct 6 (Reuters) - ING Barings analyst Frank Marsala on Friday said he was upgrading wireless telephone company Nextel Communications Inc. to a strong buy from a buy, one day after the company's shares fell more than 10 percent on worries over lower-than-expected U.S. subscriber growth. -- shares of Nextel (NasdaqNM:NXTL - news) surged about 6 percent in opening trade on the Nasdaq stock market, rising $2 to trade at $40-7/16. -- Marsala said Thursday's stock drop was a ``clear overreaction'' on what was ``essentially no news,'' and added that he thought the downturn would reverse in a very short time. -- said Nextel traded off after chief executive Tim Donahue said net additions will be ``in excess of 540,000'' for the quarter. -- Marsala said, ``Investors took this news to mean that growth was slowing -- a view that we do not agree with.'' -- said the company's guidance has been 540,000-550,000 subscriber growth for the third quarter and Donahue's comments ``did nothing to alter this outlook.'' -- ``The fact that AT&T Wireless is reportedly working 'feverishly' on completing a deal for Nextel only adds to the attractiveness.'' -- said wireless stocks have traded at about 75 to 80 percent of their projected long-term EBITDA growth rates. With that, he said he expects Nextel to trade at about 30-times forward EBITDA multiple for a share price in the $80 range. -- said Nextel's recent presentation at ING Barings' media and telecommunications conference ``provided a nice reminder that Nextel business model generates some of the best financial results in the business.'' -- said Nextel's subscribers generate $3,700 of lifetime revenue per subscriber, which was topped only by its affiliate, Nextel Partners Inc. (NasdaqNM:NXTP - news), which has generated $4,300. -- said Nextel's $20 of cash flow per subscriber was better than that produced by Nextel's rivals that have a 15-year history and cash flow margins in the 40 percent range.