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

To: Rono who wrote (9700)	11/13/2000 5:54:49 PM
From: Rono	Read Replies (1) \| Respond to of 10227

November 13, 2000 Dow Jones Newswires Nextel CEO Comfortable With Co.'s Spectrum Capacity Dow Jones Newswires NEW YORK -- A recent decision by the Federal Communications Commission to increase available spectrum in the 800 MHz band is a boost for Nextel Communications Inc. (NXTL), said its chief executive. "The ruling last week was a tremendous lift for us," said Tim Donahue in a CNBC interview Monday. Donahue said that there will be great demand for data products and services, and "this gives us a lot of capacity to put these products in the marketplace which customers are going to be demanding." Regarding upcoming auctions for spectrum space, Donahue said, Nextel has sufficient spectrum capacity "to take us into the future," but the company will be "at the table," and "we will play" if the prices are reasonable. "We have a history of buying spectrum very efficiently and putting it to work very effectively for our customers, he said. -John Shipman, Dow Jones Newswires, 201-938-5171 john.shipman@dowjones.com