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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (6309)	1/19/2001 6:45:52 PM
From: JohnG	Read Replies (1) \| Respond to of 196448

NEXTEL $1.2 bilion bond speculation. Nextel Communications to sell $1.2 bln in junk bonds NEW YORK, Jan 19 (Reuters) - Nextel Communications (NasdaqNM:NXTL - news) is expected to sell $1.2 billion in 10-year junk bonds as early as Friday, market sources said. Goldman Sachs & Co. is arranging the sale, market sources added. Nextel, one of the biggest junk bond issuers, has done ``drive-by'' junk bond sales before, having sold $2 billion in this manner on Nov. 5, 1999. Nextel's outstanding debt is rated Baa3 by Moody's Investors Service and BBB-minus by Standard & Poor's. Nextel will have to purchase an all new 3G telecom network and do so promptly or else Sprint will take all their customers with CDMA 1XRTT. The same goes for Bell South Mobility--but there the crisis may not be so imminant because, unlike NEXTEL, Bell South does not target mainly high end business customers. Looks like AT&T could end up as the meat on everyone else's platter.