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


To: laleh who wrote (3160)11/14/1997 4:11:00 AM
From: Frederick Smart  Respond to of 10227
 
Laleh:

>Can someone please tell me, if Nextel has actually started to draw
revenue from its international markets, or when they plan to do so? How much o the international revenues is reflected in their 98 earning
estimates? Let's gauge this vulnerability.>

From where I sit, having owned and followed and added to my positions consistenly over the past 2-3 years, Nextel's stock price is valuing their international operations at ZERO at the present moment. There are strong cases that could be made for it to be at least anywhere from $10-15 per share on a present value basis.

Buying Nextel now gives you their international operations for free. Nextel is on sale right now. Enjoy!

BTW, am looking forward to converting my PITC shares for an average basis of $22.99 per share. I wrote the November $20 calls for $4 7/8 - $24 7/8 equivalent called away and am happy to get back in with more shares at $22.99. I covered my earlier PITC underexposure with more Nextel in the high teens.

Good luck!