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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62935)	4/18/2002 2:43:52 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Nextel Loss Widened as Revenue Rose Firm Says It Added Business Clients washingtonpost.com Nextel Communications Inc. said yesterday that high-paying business customers are still buying its cell-phone services, even though the company lost $654 million (82 cents per share) during the first quarter of this year on increased revenue of $2.16 billion. That compares with a loss of $428 million (56 cents per share) on revenue of $1.74 billion during the same period a year ago. The Reston wireless firm, which has been trying to cut costs and deal with its near-bankrupt international unit, wrote down $335 million in goodwill to comply with new accounting rules and paid $40 million in restructuring charges during the quarter ended March 31. Analysts had expected the company to lose 40 cents a share during its first quarter. Excluding the various charges, the company lost 35 cents a share.