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

To: Mark McLeod who wrote (3062)	11/6/1997 9:54:00 PM
From: Sunny Jim	Read Replies (1) \| Respond to of 10227

Mark, <Nextel wants to get maximum mileage from earning release, so is waiting till after any surprise from employment report tomorrow.> Is this what they said, or is this your opinion? Jim

To: Mark McLeod who wrote (3062)	11/6/1997 10:58:00 PM
From: Bubba	Respond to of 10227

Mark - I hear industry average churn is 2% monthly. If I have it right, registration of 144A preferred should make it tradable without all the restrictions. Usually have to wait six months. Issued as 144A so only "qualified" sophisticated institutional investors can buy it. Reduced disclosure requirements on issue therefore shorter time to market and lower transactions cost. Considered "seasoned" after six months. Bub